MGM Resorts International shares are trading lower after reports suggesting Osaka will delay the opening of a planned casino resort to late 2030
Portfolio Pulse from Benzinga Newsdesk
MGM Resorts International's shares are trading lower following reports that Osaka will delay the opening of a planned casino resort to late 2030.
September 05, 2023 | 1:44 pm
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NEGATIVE IMPACT
MGM Resorts International's stock price is expected to be negatively impacted in the short term due to the delay in the opening of a planned casino resort in Osaka.
The delay in the opening of the casino resort in Osaka, a project that MGM Resorts International is heavily invested in, is likely to have a negative impact on the company's short-term revenues and profitability. This news has led to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100