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Las Vegas shooting still hurting MGM Resorts business

Shares of MGM Resorts International plunged as much as 10 percent Thursday morning after the company cut its earning guidance for 2018 due to weakness at two Strip properties.

 
MGM creates ‘civilian version of a SWAT team’ following Las Vegas shooting

MGM Resorts International has hired at least five former Metropolitan Police Department SWAT team members and several former military officers in recent months as it strengthens security at its properties following the deadliest mass shooting in modern U.S. history.

Mandalay Bay elevators once again stopping at 32nd floor

Mandalay Bay had closed a few floors starting in late November amid a guest slowdown caused by the combination of the holiday season and fallout from the Oct. 1 mass shooting at a nearby music festival. A lone gunman shot at concertgoers from a suite on the Strip hotel’s 32nd floor.

Analysts collectively favor MGM stock after Las Vegas shooting

While analysts who cover MGM Resorts International are reluctant to talk about the company’s financial prospects two months after the 1 October massacre, they’re collectively saying MGM stock would be a good addition to a portfolio.

Mandalay Bay crowds appear low after Las Vegas shooting

It was by no means quiet in Mandalay Bay the night of Dec. 1, a Friday. But at certain points that evening, the crowds and energy levels seemed higher in two other MGM Resorts International-owned casinos.

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