Is MGM Resorts International a Buy?
Conditions are finally looking up for MGM Resorts International (NYSE: MGM). After years of pandemic lockdowns, its cash-producing casinos in the Chinese special administrative region of Macao are well into a recovery.
However, investors with longer memories know the pandemic's effects on the company and other downturns. The question for investors is whether they can earn market-beating returns with MGM Resorts under such conditions.
MGM Resorts (a company not affiliated with the MGM movie studio) owns 31 hotel and gaming destinations worldwide. Americans likely know it best for the MGM Grand in Las Vegas, but it also owns other casinos on the Strip, such as Mandalay Bay, Excalibur, and others.
Source Fool.com
