How COVID-19 has impacted MGM Resorts and measures they’ve taken as a business to combat it. Read on below.
Our aim is to help you buy MGM Resorts shares armed with as much research and information as possible.
Below we’ve aggregated up to date information on MGM Resorts including a detailed coronavirus section, full company information and live share prices and trend graphs. We’ve also added a step by step guide showing you exactly how to buy MGM Resorts shares.
One of the top names in the hospitality and entertainment industry is MGM Resorts. With several sites in the United States, they also have interests in Macau through China Holdings Limited.
Starting in 1987 as a gambling casino in Las Vegas, Nevada, MGM Grand, Inc. changed its name to MGM Mirage in 2000 after the acquisition of Mirage Resorts. Soon the lodging, food and retail segment began to overtake its gaming division and the company expanded to the real estate market.
In 1969 Kirk Kerkorian purchased a controlling interest in the Metro Goldwyn Mayer film studio. Faced with significant corporate debt, he sold his interest to Hilton Hotels. As the Las Vegas Hilton succeeded, Kerkorian opened the MGM Grand Hotel and Casino in 1973. In 1986 MGM Resorts International and subsequently renamed MGM Grand, Inc. It now trades on the New York Stock Exchange as MGM.
Highly dependent on travel and tourism, Las Vegas, Nevada was severely impacted and the economy and unemployment rate of the city skyrocketed. As hotels reopen, there will be significant restrictions. Masks are required for all guests in public spaces and physicians are available for those who become ill. The six-foot social distancing restriction will be enforced and all employees are equipped with personal protection equipment. As much outside air as possible will be circulated through the building.
May 12th
MGM Resorts published its Seven-Point Safety Plan outlining the protocols for health safety during the Coronavirus outbreak.
June 4TH
Bellagio reopens after two months, and premiers it Conservatory and Botanical Gardens.
June 5TH
Excalibur to reopen on June 11.
June 9th
Luxor and Shoppes at Mandalay Bay Place to reopen June 25. ARIA, Mandalay Bay, and Four Seasons to reopen July 1.
June 24th
As of this date all guests and visitors are required to wear masks in the public areas. Previously all employees were required to be masked, but patrons’ mask requirements were based on local regulations.
July 15th
The company will release its second quarter financial results after market close on July 30.
It’s a very simple and straightforward process to getting started and owning a share of MGM Resorts. Our step by step guide below will show you just how easy.
1. Pick a share trading platform.
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2. Open an account with your chosen trading platform.
As with any account you’l be required to identify yourself with some personal details to make sure you are who you say you are.
3. Add a payment method.
You’ll be securely transferring money to your share trading platform in order to buy the shares, so you’ll need to add a way to pay.
4. Search for the company you want to buy shares in.
Each share trading platform has a simple way to locate the company you’ve identified.
5. Buy the shares.
Make sure you check the share price of the company you’re investing in and how much you’re investing (and ensure you’re happy with both) before you click the ‘buy’ button.
And that’s it, you’re now a shareholder. Congratulations!
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