MGM Resorts International (NYSE:MGM) is expected to make a company presentation at an upcoming Goldman Sachs conference in New York.

MGM Resorts International (NYSE:MGM) To Present In New York

MGM Resorts International (NYSE:MGM) management has announced that they will make a Company presentation at the Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference in New York.

MGM Resorts International (NYSE: MGM) has momentous holdings in gaming, hospitality and entertainment, possesses and controls properties located in Nevada, Mississippi and Michigan, and has 50% investments in three other properties in Nevada and Illinois.

MGM Resorts International (NYSE:MGM) company shares are currently standing at 13.76.

Price History
Last Price: 13.76
52 Week Low / High: 8.92 / 16.94
50 Day Moving Average: 13.93
6 Month Price Change %: 3.7%
12 Month Price Change %: 13.4%

MGM Resorts International (NYSE:MGM) China is pushing ahead with its expansion strategy.

MGM Resorts International (NYSE:MGM) Pushing China Expansion

MGM Resorts International’s (NYSE:MGM) chief executive has said that they are thinking about expanding onto both the Macau peninsula and in Taiwan.

Grant Bowie, Chief Executive Officer MGM Resorts International (NYSE:MGM) said, “MGM China, the smallest of Macau’s six casino operators, can narrow the gap with rival Wynn Resorts Ltd. Clearly Wynn’s performance has been exceptional. But we’re improving and I think we’ve got a lot of opportunities to close that gap further. MGM China will be seeking other opportunities, whether on the peninsula…or potentially in Taiwan if that opportunity were to materialize.”

MGM Resorts International (NYSE:MGM) shares were at 14.25 at the end of the last day’s trading. There’s been a 3.1% movement in the stock price over the past 3 months.

MGM Resorts International (NYSE:MGM) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.29
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.63
Zack’s Rank: 6 out of 26 in the industry

MGM Resorts International’s (NYSE:MGM) Hospitality has decided to get determined in China.

MGM Resorts International (NYSE:MGM) Upbeat On China

It has been reported that MGM Resorts International’s (NYSE:MGM) Hospitality is planning to spread out into China, and will open as many as 30 hotels in the country over the next three to four years to provide for the increasing demand for luxury travel in the country.

MGM Hospitality currently has nine projects under development in cities such as Shanghai and Ningbo, which constitutes almost half of the division’s development pipeline in the Asia Pacific region, which includes projects in Kuala Lumpur, Singapore and Jakarta.

MGM Resorts International (NYSE:MGM) stocks were at 15.4 at the end of the last day’s trading. There’s been a 9.5% movement in the stock price over the past 3 months.

MGM Resorts International (NYSE:MGM) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.29
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.63
Zack’s Rank: 6 out of 26 in the industry

MGM Resorts International (NYSE:MGM) has reported a loss in the fourth quarter.

Lean Times For MGM Resorts International (NYSE:MGM)

MGM Resorts International (NYSE:MGM) has posted a narrow loss in its fourth quarter results.

The casino operator said that it had a loss of $139 million, or 29 cents a share, during the quarter, compared with $433.9 million, or 98 cents a share, a year earlier when results were weighed down by a one-time charge.

Jim Murren, the Chief Executive Officer of MGM Resorts International (NYSE:MGM) said that, “The recovery that has been long awaited and frustrating in its timing is gaining momentum. We’ve had a consistently strong quarter so far on the convention side, with very good customer spend around events.”

MGM Resorts International (NYSE:MGM) shares are currently standing at 15.06.

Price History
Last Price: 15.06
52 Week Low / High: 8.92 / 16.94
50 Day Moving Average: 14.92
6 Month Price Change %: 46.7%
12 Month Price Change %: 36.8%

For the new loyalty program, MGM Resorts International (NYSE:MGM) has bet on mobile.

MGM Resorts International (NYSE:MGM) stocks are currently standing at 16.29.

Mobile Decision From MGM Resorts International (NYSE:MGM)

The mega casino operator MGM Resorts International (NYSE:MGM) has renovated and restarted its gambling loyalty program.

MGM Resorts International (NYSE:MGM) will rely on the mobile channel to execute the loyalty rewards program dubbed “M Life.”

M Life is clearly an attempt by MGM Resorts International (NYSE:MGM) to compete with other loyalty programs that are now gaining popularity in the gambling marketplace.

If you’re looking to make a move on the MGM Resorts International (NYSE:MGM) stocks, be sure you do it at the right price. Timing the market or technical analysis is often a fruitless exercise, but do take into account the price history:

We’ll be keeping a close eye on the MGM Resorts International (NYSE:MGM) stock level for changes over the next couple of weeks.