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Las Vegas-based MGM Resorts International (MGM) is a global leader in hospitality and entertainment. With a market cap of $10.9 billion, MGM Resorts delivers exceptional guest experiences worldwide, offering an extensive portfolio of iconic resorts, world-class entertainment, and gaming facilities.
Shares of MGM Resorts have significantly underperformed the broader market over the past year. The stock has gained marginally over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 35.7%. In 2024, MGM stock is down 15%, while the SPX is up 25.5% on a YTD basis.