Where Will MGM Resorts Stock Be in 5 Years?
Operating some of Las Vegas's most iconic casinos, like the MGM Grand, Bellagio, and Mandalay Bay, MGM Resorts International (NYSE: MGM) is a household name for gamblers everywhere. It also hasn't been a shabby bet for investors who have enjoyed a return of almost 40% over the last five years despite macroeconomic headwinds like the coronavirus pandemic.
The next half-decade could be much more promising for MGM as it consolidates its business in China while pivoting to new long-term growth drivers like New York State and Osaka, Japan.
Like many in-person entertainment companies, MGM Resorts was hit incredibly hard by the coronavirus pandemic -- a challenge it has finally put on the back burner.
Source Fool.com
