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MGM Resorts Sees Macao Heating Up

Las Vegas is going great, but it's Macao that investors should be cheering right now.

By Travis Hoium – May 4, 2023 at 5:45AM EST

MGM Resorts (MGM +0.26%) is growing in Las Vegas, but its future growth may be concentrated in Macao. First-quarter results showed just how quickly Macau is improving. In this video, Travis Hoium highlights why he thinks this is one of the top stocks in the gambling industry.

*Stock prices used were end-of-day prices of May 2, 2023. The video was published on May 3, 2023.

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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
$38.46
(+0.26%)+$0.10

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

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