MGM Resorts International BofA Securities 2025 Gaming and Lodging Conference Presentation

MGM Resorts International's management team, including CEO Bill Hornbuckle and SVP of Corporate Finance Sarah Rogers, discussed the company's recent transformations, global developments, and expansion plans, including those in New York, Japan, Macau, and the Middle East.

MGM Resorts International (MGM) has been making significant strides in both its domestic and international expansion strategies. The company's recent announcements highlight its focus on growth and innovation, particularly in the gaming and entertainment sectors.

Intraday Share Decline and Interactive Game Show Launch

MGM Resorts International experienced a 1.72% intraday decline in its stock price following the announcement of its latest expansion plans. The company unveiled the launch of 'Family Feud,' a licensed adaptation of Fremantle's classic game show, which will be streamed live and in real-time from a studio located on MGM Grand's casino floor in Las Vegas. This is the first interactive game show of its kind to be broadcast live from a Las Vegas casino floor and is available to operators in regulated markets outside of the U.S. [1]

TKO Group Holdings Partnership Extension

In addition to the game show announcement, MGM Resorts International has extended its exclusive partnership with T-Mobile Arena through 2030. This extension reinforces the venue's status as the official home for UFC® and WWE® in Las Vegas. The partnership is a significant move that underscores the company's commitment to maintaining its position as a premier entertainment destination. [1]

Management Transformation and Global Expansion

The company's management team, led by CEO Bill Hornbuckle and SVP of Corporate Finance Sarah Rogers, has been instrumental in driving these transformations. Hornbuckle and Rogers have emphasized the importance of global developments and expansion plans in New York, Japan, Macau, and the Middle East.

In New York, MGM is focusing on leveraging its brand to expand its presence in the city's burgeoning gaming market. The company is also exploring opportunities in Japan, where it aims to tap into the growing interest in gaming and entertainment. In Macau, MGM is investing in its existing properties to enhance their appeal and attract more visitors. The Middle East, particularly Dubai, is another key market where MGM is looking to establish a strong foothold. [1]

Conclusion

MGM Resorts International's recent announcements reflect a strategic shift towards innovation and global expansion. The company's focus on interactive entertainment and strategic partnerships underscores its commitment to maintaining its position as a leading player in the gaming and entertainment industry. As the company continues to grow and adapt to changing market conditions, investors will be watching closely to see how these initiatives translate into financial performance.

References

[1] https://www.ainvest.com/news/mgm-resorts-international-shares-fall-1-72-intraday-announcing-interactive-game-show-extending-partnership-mobile-arena-2509/