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The Cash Machine in Plain Sight in Las Vegas

Why MGM Resorts is being overlooked by the market.

By Travis Hoium – Feb 16, 2024 at 7:00AM EST

MGM Resorts (MGM +0.26%) continues to generate billions of dollars in cash in Las Vegas and Macao, and management sees a lot of opportunity to both expand the business and buy back stock. In this video, Travis Hoium covers recent results and shows why there's a lot of upside ahead for MGM Resorts stock.

*Stock prices used were end-of-day prices of Feb. 14, 2024. The video was published on Feb. 15, 2024.

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in MGM Resorts International. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

MGM Resorts International Stock Quote
MGM Resorts International
NYSE: MGM
$38.59
(+0.26%)+$0.10
DraftKings Stock Quote
DraftKings
NASDAQ: DKNG
$22.81
(-3.94%)-$0.94

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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