MGM Resorts International (FRA:MGG)
€ 36.255 0.01 (0.03%) Market Cap: 10.64 Bil Enterprise Value: 38.30 Bil PE Ratio: 13.44 PB Ratio: 3.45 GF Score: 73/100
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MGM Resorts International at Morgan Stanley Global Consumer & Retail Conference Transcript

Dec 06, 2023 / 01:00PM GMT
Release Date Price: €36.15 (-2.17%)
Stephen White Grambling
Morgan Stanley, Research Division - Equity Analyst

(technical difficulty) MGM, who is just off of a company update. But before we jump into that, I would love to have you both maybe talk about the history of the business, where we've gone from when the business was first started to the business update, but let's -- before we even get into the business update, just give us a little bit of the background of the company.

Adam Greenblatt
BetMGM LLC - CEO

Yes, sure. Okay. So thank you all for making it at unGodly hour, right? So I, as you can hear, I'm not a native American. BetMGM is a 50-50 joint venture between the best and brightest in U.S. casino land. And when I joined was the best and brightest in European online sports betting and iGaming land, MGM Resorts and then GVC now Entain. I mean the business was established from nothing.

I was working at Entain at the time that the law changed here in the U.S. And I was the strategy and deal guy for Entain at the time, having been in and around the sector for about 20 years. I was

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