Summary: MGM Resorts International is an eminent American hospitality and entertainment company running a sizable portfolio of hotels and casinos. To invest in MGM, investors can register an account with a reputable online stock brokerage such as eToro.
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About MGM Resorts International
MGM Resorts International (NYSE: MGM) is a prominent US-based global hospitality and entertainment company operating and managing numerous resorts and casinos around the globe. Its portfolio features some notable properties, such as MGM Grand and The Mirage in Las Vegas, as well as T-Mobile Arena in Las Vegas. In 2016, the company announced an initial public offering for MGM Growth Properties (MGP), a real estate investment trust (REIT) owning ten of the company’s casinos.
How to buy MGM Resorts International stock: Step-by-step
MGM Resorts International is a public company listed on the New York Stock Exchange (NYSE) under the ticker symbol MGM. To invest in MGM Resorts International, you can take the following four steps:
Step 1: Choosing a broker
To buy MGM Resorts International stock, you have to find a well-regulated and reputable stock brokerage that gives investors access to the New York Stock Exchange.
Our go-to platform for hotel investments is eToro, a reputable multi-asset platform with features such as:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
If you’re considering exploring other brokerages, you must consider a variety of factors to ensure that your choice aligns with your financial goals and investment strategies. Some critical considerations include:
- Fees: Make sure the broker’s fees are in line with your budget and investment goals. Also, make sure you assess potential hidden fees and look for a broker with a transparent fee policy;
- Usability: Evaluate the platform’s charting and market analysis tools to ensure they are user-friendly and capable of improving your trading and research abilities;
- Asset availability: Confirm that the brokerage offers MGM Resorts International (MGM) stock and examine the variety of investment products available on the platform;
- Safety and regulatory compliance: Check that the brokerage is licensed by a respected financial authority.
Note
1. Park Hotels & Resorts Stock (NYSE: PK);
2. Marriott International (NYSE: MAR);
3. Vici Properties (NYSE: VICI);
4. Hilton Grand Vacations Inc. (NYSE: HGV);
5. Apple Hospitality REIT (NYSE: APLE).
Step 2: Register and fund your account
Once you have made your brokerage choice, the subsequent step involves the opening and funding of your account, which necessitates furnishing personal and banking details and validating your identity using an acceptable and valid ID document. As for funding, major brokers support various payment methods like bank transfers, wire transfers, and third-party payment systems like PayPal.
Step 3: Place an order
With funds in your account, you can initiate a trade and purchase MGM Resorts International stock. To do so, follow these steps:
- Log in to your broker’s platform;
- Use the broker’s search function to locate MGM Resorts International stock (simply enter “MGM” in the main search bar);
- Choose the type of order you prefer (e.g., market order for immediate purchases or limit orders if you wish to set a desirable price range in advance);
- Specify the number of shares you wish to buy or the dollar amount you intend to invest;
- Review the order details for accuracy;
- Confirm and execute the order.
Step 4: Monitor your investment
A successful investment strategy involves vigilant monitoring of your investment portfolio. To effectively monitor your investments, you can utilize the tracking tools provided by your brokerage platform and stay informed about relevant market trends and news by following more experienced traders on social media or by subscribing to various company newsletters. Furthermore, periodically rebalancing your portfolio and seeking advice from a financial advisor, if necessary, can significantly improve your investment management in the long run.
Note
1. Office REITs;
2. Apartment REITs;
3. Data center REITs;
4. High-dividend REITs.
MGM Resorts International stock price today
How to buy MGM Resorts International stock safely
To make better-informed decisions and ensure your investments are as profitable as possible, keep in mind some common investing mistakes when venturing into the world of REITs, such as:
- Lack of research: A common mistake is failing to conduct thorough research and educate yourself about REITs and the hotel industry before investing. Importantly, understand that REITs have unique characteristics and tax implications. Therefore, it’s essential to learn about the types of REITs, their investment strategies, and their historical performance;
- Overconfidence and unrealistic expectations: Avoid the mistake of being overconfident in your investments and expecting instant profits. REITs can provide solid returns, but they are not guaranteed to do so;
- Emotional decision-making: Emotional decisions based on excitement, hype, or fear can lead to investment errors. Instead, stick to your investment strategy and conduct a thorough fundamentals analysis rather than being swayed by market trends or hype;
- Lack of diversification: Neglecting portfolio diversification is a common mistake. That is, investing all your funds in a single asset can expose you to undue risk. Instead, diversify your portfolio by investing in various sectors and financial instruments;
- Neglecting tax implications: Don’t overlook potential tax implications associated with REIT investments. If needed, consult with a tax professional to make informed decisions.
Pros and cons of investing in MGM Resorts International
Pros
- MGM operates a lot of profitable casinos, such as those of the Las Vegas Strip;
- Betting and gambling are highly lucrative businesses;
- MGM is expanding to the Japanese market;
- MGM Resorts stock is a solid way to diversify your portfolio.
Cons
- The company paused its dividends in 2023;
- Some might consider the investment unethical due to the company’s reliance on iGaming and betting;
- Fierce competition from other casino and resort operators.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about investing in MGM
What is the MGM Resorts International ticker symbol?
MGM Resorts International ticker symbol is MGM.
What exchange is MGM Resorts International listed on?
MGM Resorts International is listed on the New York Stock Exchange (NYSE).
Does MGM Resorts International pay dividends?
Yes, the company has been paying dividends since 2017.
How to buy MGM Resorts International stock?
To invest in MGM, you can open an account with a reputable stock trading platform such as eToro.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
