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MGM RESORTS INTERNATIONAL

(MGM)
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MGM Resorts International : Minute - July 19, 2021

07/18/2021 | 11:35pm EDT

The MGM Minute is a weekly digital company newsletter from MGM Resorts International. It contains content to begin the morning with, content to carry forward throughout the day and content to use in the days ahead. For more information, or to follow-up with any of the stories outlined below, please contact media@mgmresorts.com.

MGM Resorts International - MGM Minute

July 19, 2021 - July 25, 2021

News Release For Immediate Release July 19, 2021

For more information: Media@mgmresorts.com

Click here to watch the video. Links below contain clean b-roll for each suggested story topic. Feel free to download and use them on-air and on-line. Any consideration for placement within your newscasts would be appreciated.

This week's stories that you'll find within the MGM Minute:

PARK MGM HOSTS LAS VEGAS STRIP VACCINATION CLINIC

· The Las Vegas Strip has joined with the state of Nevada to boost COVID-19 vaccinations for locals and visitors alike.

· The initiative began over the weekend with a star-studded, pop-up vaccine and testing clinic at Park MGM. The event featured live entertainment, prize drawings and special surprise guests. No proof of insurance or identification was needed. Similar pop-up clinics will be hosted by various Strip operators over the next several weekends as part of a partnership between the State, Immunize Nevada, LVCVA, Nevada Resorts Association, and properties to help promote vaccine and testing opportunities.#

· John Flynn, VP of Administration, MGM Resorts: "We are the first resort operator, we think, to host an open to the public vaccine clinic right on the Las Vegas Strip. We see the rise in infection rates happening across the country. It just makes sense that we're going to try and remove barriers and get these vaccines as close to the general public as possible. Whether you're from Florida, Texas, or anywhere around the world or across the country, you can come and get vaccinated on the Las Vegas Strip. Next weekend, the following weekend, we look forward to doing many more in the weekends ahead."

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MGM RESORTS CONTINUES TO RECRUIT & HIRE NEW EMPLOYEES

· MGM Resorts continues to recruit and hire new employees across the country. In Las Vegas, the company will hold a lifeguard hiring event on July 21 from 10 a.m.-2 p.m. A Guest Room Attendant event is set for July 22 from 9 a.m.-1 p.m., with a Security Team session on July 28 from 9 a.m.-1 p.m. All of these Las Vegas events will be held at the MGM Resorts International Career Center, located at 840 Grier Drive.#

· MGM Springfield in Western Massachusetts is hosting a Culinary Team Hiring Event on July 22. It's happening from 10 a.m.- 2 p.m. at The Chandler Steakhouse, inside MGM Springfield. A hiring fair for Food & Beverage employees and Environmental Services team members is planned for July 29.#

· Borgata Hotel Casino & Spa in Atlantic City is holding a Security Hiring Event on July 27 from 11 a.m.-3 p.m. and a Guest Room Attendant session on July 28 from 10 a.m.-12 p.m.# Interested candidates can apply in advance and sign up for interviews via the MGM Resorts hiring events page. That page is updated frequently - and can be found at careers.mgmresorts.com.#

Click here to download b-roll

USA BASKETBALL & WNBA ALL-STAR TEAMS SHINE AT MANDALAY BAY

· This past week, MGM Resorts served as the Official Training Camp Home of the USA Basketball Men's and Women's National Teams. Under the partnership, Michelob Ultra Arena at Mandalay Bay in Las Vegas hosted a series of pre-Olympic, international exhibition games.

· Along with that, the WNBA All-Star Game returned to Michelob Ultra Arena, home of the Las Vegas Aces. The venue previously hosted All-Star festivities back in 2019. This year's format featured WNBA All-Star players on the Team USA Olympic roster taking on a team of other league All-Stars.#

· Lance Evans, SVP Sports & Sponsorships, MGM Resorts:"This was just another sign that 'IT'S TIME' and that Las Vegas and MGM Resorts are climbing back from the pandemic. To be able to host so many of our Olympic athletes here at Mandalay Bay, right before leaving for Tokyo was amazing. We have incredible relationships with USA Basketball, and our friends at the WNBA and NBA. All of this together demonstrates that Las Vegas is truly the sports and entertainment capital of the world."

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BETMGM TEAMS WITH PITTSBURGH PIRATES

· BetMGM and The Pittsburgh Pirates have announced a new partnership.

· The collaboration includes BetMGM signage throughout PNC Park - including on the left field wall and behind home plate. The deal will also see BetMGM content integrated across the Pirates digital and social platforms, fan-focused promotions, and more.

· BetMGM first launched in the state of Pennsylvania back in December of 2020. Along with the Pirates, BetMGM also has partnerships in Pennsylvania with the Pittsburgh Steelers and Philadelphia 76ers. #

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MGM SPRINGFIELD CONTINUES COMMITMENT TO DOWNTOWN REVITALIZATION EFFORTS

· MGM Springfield made a major donation this past week as part of its ongoing commitment to the revitalization of downtown Springfield.

· The Company earmarked $16 million to go toward the Elm Street project - the renovation of an historic downtown landmark.

· When complete, it will house retail and restaurant space on the first floor and market-rate and workforce apartment units on the upper floors.#

· Chris Kelley, President, Northeast Group, MGM Resorts:"We're so excited to be standing in front of 31 Elm Street. It's a building that's over a century old, right across the street from MGM Springfield. We are a major, contributing partner to the redevelopment of this building. It's a wonderful thing to be a part of the rich history of this place. It's a great symbol of our past, and most importantly, a great symbol of where we're going in our future."

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MGM NORTHFIELD PLEDGES SUPPORT FOR MILITARY MEN & WOMEN

· MGM Northfield Park team members recently joined representatives from more than 100 other Ohio organizations in re-signing an annual pledge of support with "Employer Support for the Guard and Reserve."

· The signing ceremony was held at Columbus City Hall and the new National Veterans Memorial and Museum.

· MGM Resorts is committed to actively recruiting and employing military men and women. The company is a proud member of the Veteran Jobs Mission, a coalition of companies aiming to place one million U.S. military members and veterans into meaningful and rewarding careers.#

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Disclaimer

MGM Resorts International published this content on 18 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2021 03:34:07 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 8 949 M - -
Net income 2021 -599 M - -
Net Debt 2021 6 679 M - -
P/E ratio 2021 -32,5x
Yield 2021 0,09%
Capitalization 19 458 M 19 458 M -
EV / Sales 2021 2,92x
EV / Sales 2022 1,86x
Nbr of Employees 54 000
Free-Float 85,0%
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Technical analysis trends MGM RESORTS INTERNATIONAL
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 40,38 $
Average target price 47,74 $
Spread / Average Target 18,2%
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Managers and Directors
William Joseph Hornbuckle President, Chief Executive Officer & Director
Jonathan S. Halkyard Chief Financial Officer & Treasurer
Paul Jude Salem Chairman
Tilak Mandadi Chief Strategy, Innovation & Technology Officer
Corey I. Sanders Chief Operating Officer
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