Why MGM Resorts Stock Is Sliding Today
Portfolio Pulse from Adam Eckert
MGM Resorts International's shares are trading lower following reports of a delay in the opening of a planned casino resort in Osaka to late 2030. The Osaka government cited central government approval delays as the reason for the postponement. The initial investment in the resort is also set to increase due to rising construction material costs. In other news, Macau reopened multiple casinos over the weekend after a shutdown due to severe storms.

September 05, 2023 | 3:33 pm
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NEGATIVE IMPACT
MGM Resorts International's stock is trading lower due to the delay in the opening of a planned casino resort in Osaka and the increase in the initial investment for the resort.
The delay in the opening of the casino resort in Osaka and the increase in the initial investment are likely to have a negative impact on MGM Resorts International's short-term financial performance, leading to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100