MGM Resorts International (MGM) Stock Comes Back Strongly: What’s The Buzz?

MGM Resorts International (MGM) is a worldwide entertainment company. Until today, the price is pretty volatile, and a month ago, it was closed lower than $39.67. As of today, it is progressively surged to almost $44.90. Moreover, after raising its bid for British gaming company Entain to about $22.4 billion and facing probable competition from competitor MGM Resorts International, DraftKings (DKNG) report shares fell on Wednesday.

MGM stated that the exclusive partner of the online sports betting and iGaming market in the US through its joint venture BetMGM, adding that “any deal under which Entain or its affiliates will own a competing US business will require the consent of MGM.” As appropriate, MGM will engage with Entain and DraftKings to find a solution for exclusivity agreements that meet all parties’ goals, the group said in a statement Tuesday.

April Sanchez

Business and Tech Reporter