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With a market cap of $9.2 billion, MGM Resorts International (MGM) is a global hospitality and entertainment company best known for operating luxury casino resorts, hotels, and live entertainment venues. Headquartered in Las Vegas, Nevada, MGM owns a portfolio of iconic properties concentrated on the Las Vegas Strip and in major regional and international gaming markets. Its flagship resorts include Bellagio, MGM Grand, ARIA Resort & Casino, The Cosmopolitan of Las Vegas, and Mandalay Bay Resort and Casino.
Shares of the company have lagged behind the broader market over the past 52 weeks. MGM stock has soared 21.6% over this time frame, while the broader S&P 500 Index ($SPX) has increased 31.4%. In addition, shares of the company are up 4.7% on a YTD basis, compared to SPX’s 7.6% rise.