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MarketScreener Homepage  >  Equities  >  Nyse  >  MGM Resorts International    MGM

MGM RESORTS INTERNATIONAL

(MGM)
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MGM Resorts International : Teams Up with American Airlines and USO for 2019 Salute to the Troops Event

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11/07/2019 | 02:35pm EST

Hosted at The Mirage Hotel & Casino, 80 wounded, ill or injured (WII) warriors and their guests will join MGM Resorts for a time of relaxation, entertainment and sightseeing over Veterans Day weekend

LAS VEGAS, Nov. 7, 2019 /PRNewswire/ -- In celebration of America's service members, MGM Resorts International will host 'A Salute to the Troops' honoring more than 80 wounded warriors and their guests over Veterans Day weekend. In its ninth year, the five-day program in collaboration with American Airlines and the USO of Metropolitan Washington-Baltimore (United Service Organizations), USO Camp Pendleton and USO Las Vegas will be an extended weekend of relaxation, entertainment and sightseeing for active duty service members traveling from the Washington, D.C., and southern California areas.

'It is such an honor to host these brave men and women and their families who have sacrificed so much to protect and serve our country,' said Jim Murren, Chairman and CEO of MGM Resorts International. 'We look forward to celebrating these remarkable individuals with the utmost gratitude and respect, showing them the very best Las Vegas and MGM Resorts have to offer.'

American Airlines will fly the honored service members to Las Vegas with an all-volunteer flight crew, some of which are veterans themselves, aboard a Boeing 737 aircraft. Upon arriving in Las Vegas, hundreds of MGM Resorts International employees will gather to welcome the group to The Mirage Resort & Casino, the host property, during a special 'wall of gratitude,' welcome procession. MGM Resorts employees will also gather on Monday, November 11 to march in the Veterans Day Parade.

'American Airlines and its more than 130,000 team members have a deep sense of pride and gratitude for the men and women, and their families, who have served and sacrificed to protect our great nation and our freedoms,' said David Seymour, Senior Vice President of Operations at American and graduate of the United States Military Academy at West Point. 'From the pilots and flight attendants who volunteer their time and skills to serve these special heroes, to the airport team members who put together meaningful departure and arrival celebrations, the American team is passionate about this event. We are honored to play a part in providing these ill and injured service members and their guests a well-deserved week of healing, relaxation and fun.'

'Salute to the Troops' will also include a special welcome dinner, and excursions in and around Las Vegas and Southern Nevada. Special stops are: Terry Fator: The Voice of Entertainment, Siegfried & Roy's Secret Garden and Dolphin Habitat at The Mirage, Allegiant Stadium tour - future home of the NFL's Raiders, and mountain biking. Participants are also invited to the Las Vegas Veterans Day parade; a tour of the Hoover Dam and helicopter tours are also part of the plans.

'On behalf of our nation's wounded, ill and injured troops and their caregivers, I can tell you that MGM Resorts and American Airlines' continuing generosity and support mean a great deal to those who have sacrificed so much for our freedom,' said Elaine Rogers, President and CEO of USO-Metro. 'We're incredibly thankful to MGM Resorts and American Airlines for helping us show the gratitude of the American people for our troops and their families in such an impactful way.'

American Airlines will furnish chartered air travel and other support during 'A Salute to the Troops' weekend, while MGM Resorts International and its properties will provide accommodations, meals, entertainment, and other amenities.

ABOUT MGM Resorts International

MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 30 unique hotel and destination gaming offerings including some of the most recognizable resort brands in the industry. Expanding throughout the U.S. and around the world, the company recently acquired the operations of Empire City Casino in New York and MGM Northfield Park. In 2018, MGM Resorts opened MGM Springfield in Massachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in Shanghai. The 82,000 global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®. For more information visit us at www.mgmresorts.com.

About USO of Metropolitan Washington-Baltimore

About USO of Metropolitan Washington-Baltimore: Dedicated to 'serving those who serve, and their families' in Washington D.C., Maryland and Northern Virginia, USO of Metropolitan Washington-Baltimore (USO-Metro) is a nonprofit 501(c)(3) organization chartered by Congress and trusted by the community since 1941. USO-Metro consistently earns the highest rating on Charity Navigator for outperforming most charities in its cause and exceeding industry standards. As a non-government-funded organization, it is only through the generous financial, in-kind and volunteer support of individuals and corporate partners that USO-Metro is able to succeed in its mission: to strengthen America's military service members by keeping them connected to family, home and country, throughout their service to the nation.

About American Airlines Group

American Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. American is a founding member of the one world alliance, whose members and members-elect serve nearly 1,000 destinations with 14,250 daily flights to 150 countries. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL. In 2015, its stock joined the S&P 500. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.

Media Contact
Kenthea Pedraza
MGM Resorts International
Kpedraza@mgmresorts.com
702-692-6898

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SOURCE MGM Resorts International

Disclaimer

MGM Resorts International published this content on 07 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2019 19:34:01 UTC

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Financials (USD)
Sales 2019 12 933 M
EBIT 2019 1 540 M
Net income 2019 173 M
Debt 2019 11 281 M
Yield 2019 1,62%
P/E ratio 2019 83,3x
P/E ratio 2020 20,4x
EV / Sales2019 2,14x
EV / Sales2020 2,07x
Capitalization 16 407 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 35,10  $
Last Close Price 31,86  $
Spread / Highest target 28,7%
Spread / Average Target 10,2%
Spread / Lowest Target -27,8%
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Managers
NameTitle
James Joseph Murren Chairman & Chief Executive Officer
William Joseph Hornbuckle President & Chief Operating Officer
Corey I. Sanders Chief Financial Officer
Roland A. Hernandez Lead Independent Director
Alexis Margaret Herman Independent Director
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