MGM Resorts International’s shares are acquired by Mirae Asset Global Investments Co. Ltd.

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MGM Stock Fair Value – MGM ($NYSE:MGM) Resorts International is a global hospitality and entertainment company that owns and operates a portfolio of destination resort brands. The company’s shares are traded on the New York Stock Exchange under the ticker symbol “MGM.”

MGM Resorts International’s shares are acquired by Mirae Asset Global Investments Co. Ltd. Mirae Asset Global Investments is a leading global asset management company with a focus on long-term, sustainable growth.

Price History

This is good news for the company and its shareholders as it will help the company grow and expand its operations. The stock market reacted positively to the news, with the stock opening at $32.6 and closing at $32.5.

VI Analysis – MGM Stock Fair Value Calculator

MGM Resorts International is a global entertainment company with operations in the United States, Macau, and Singapore. The company owns and operates a portfolio of world-renowned resorts, including Bellagio, MGM Grand, and The Mirage. MGM Resorts International is committed to providing an exceptional guest experience and is constantly innovating to enhance the guest experience.

The company’s fundamentals reflect its long term potential, and the intrinsic value of MGM Resorts International shares is around $49.4, calculated by VI Line. The company’s stock is currently traded at $32.5, which represents a 34% discount to its intrinsic value.

VI Peers

MGM Resorts International is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay, The Mirage, and more. The company’s competitors include SkyCity Entertainment Group Ltd, Wyndham Hotels & Resorts Inc, and Cruzani Inc.

– SkyCity Entertainment Group Ltd ($NZSE:SKC)

SkyCity Entertainment Group Ltd is a casino and hospitality company based in New Zealand. The company has a market cap of 2B as of 2022 and a Return on Equity of 3.48%. SkyCity operates four casinos in New Zealand, two in Australia, and one in Chile. The company also has a number of hotels, restaurants, and bars.

– Wyndham Hotels & Resorts Inc ($NYSE:WH)

Wyndham Hotels & Resorts, Inc. is one of the largest hotel companies in the world, with over 9,000 hotels across more than 80 countries. The company offers a variety of hotel brands, including Wyndham, Ramada, Days Inn, Super 8, and Howard Johnson. Wyndham Hotels & Resorts is headquartered in Parsippany, New Jersey. The company’s market cap is 6.2B as of 2022 and its ROE is 30.65%.

Summary

MGM Resorts International is a global entertainment company with national and international locations. The company operates in two segments: hospitality and gaming. MGM Resorts owns and operates a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage.

The company has a strong presence in the United States, China and Macau. MGM Resorts also has a good track record of profitability and cash flow generation.