MGM Resorts: Betting Big on Digital and Partnerships

MGM Resorts is undergoing a digital transformation. While the traditional Vegas experience remains strong, it's the expansion into online gaming and strategic partnerships that is catching the eyes of growth-oriented investors.

Analysis

Currently priced at $34.65, MGM is a growth story in a recovery phase.

Strategic Growth Drivers

• Digital Expansion: A 15.3% gain over the last 30 days was largely fueled by optimism around its digital and resort portfolio investments.
• New Partnerships: A new multi-year deal with T-Mobile Arena for the Xanterra Travel Collection highlights their ability to drive cross-platform traffic.
• Valuation Upside: Despite a recent 1-day dip, the stock has gained 5% over the last 3 months, signaling a shift in investor sentiment.

MGM focuses its capital on growth and reinvestment rather than dividends, aiming to capture the expanding digital betting market.

The Growth Verdict

MGM is a prime candidate for growth investors looking for exposure to the intersection of luxury hospitality and digital gaming.

Disclaimer: This is not financial advice. Always do your own due diligence.