Want to Boost Your Portfolio? 3 Reasons to Bet on MGM Stock.
Like many companies, MGM Resorts International (NYSE: MGM) hasn't escaped the 2022 bear market, which has sent its stock price down 21% year to date. In the third quarter, MGM's net revenue grew 26% year over year to $3.4 billion based on continued strength on the Las Vegas strip, where the company's sales jumped 67% against the prior-year period. With $2.3 billion in quarterly revenue, MGM's Las Vegas segment has far surpassed the $1.5 billion generated during this time in 2019, before the pandemic.