Casino operator MGM Resorts misses profit estimates on weak Las Vegas business

Rossi Ralenkotter, a pivotal figure in Las Vegas tourism, has passed away at the age of 78. He was instrumental in reshaping the city's image, famously introducing the slogan 'What Happens Here, Stays Here.' This phrase not only became synonymous with Las Vegas but also played a significant role in attracting millions of visitors, making the city a global tourism powerhouse. His innovative marketing strategies and leadership have left a lasting impact on the hospitality industry, ensuring that Las Vegas remains a top destination for travelers.

MGM Resorts has received a positive boost as Mizuho has raised its stock price target from $58 to $62. This adjustment reflects growing confidence in the company's performance and potential for future growth, which is significant for investors looking for promising opportunities in the hospitality and entertainment sector.

MGM Resorts has reported a significant loss due to a hefty $256 million noncash goodwill impairment charge linked to its decision to withdraw an application for a casino in New York. This financial setback highlights the challenges the company faces in expanding its operations and the impact of regulatory hurdles on its growth strategy. Investors and stakeholders will be closely watching how MGM navigates these challenges moving forward.

The Trump team is exploring Las Vegas as a potential location for the upcoming GOP midterm convention. This decision could significantly impact the party's strategy and engagement with voters ahead of the elections, as Las Vegas offers a vibrant backdrop and ample facilities for such a large-scale event.

Caesars Entertainment reported a wider loss in the third quarter, primarily due to declining revenue from its Las Vegas operations. This downturn is attributed to weak demand for leisure travel, which is concerning for the company and the broader tourism industry. As Las Vegas is a key market for Caesars, these results highlight the challenges faced by the casino sector in recovering from recent economic pressures.

Mariah Carey's iconic holiday bar is expanding to major cities like Los Angeles, New York City, Miami, and Las Vegas in 2025. This pop-up experience not only celebrates the festive season but also brings fans together to enjoy themed drinks and entertainment. It's a significant event for both fans and the hospitality industry, as it highlights the growing trend of celebrity-themed experiences that attract visitors and boost local economies.

Farquhar Scott has made headlines by selling shares of Atlassian worth $1.25 million. This move is significant as it reflects Scott's confidence in the company's future, potentially signaling a strategic shift or personal financial planning. Investors and analysts will be keen to see how this impacts Atlassian's stock performance and overall market perception.

Freve Maria G has sold shares of Symbotic (SYM) for a total of $46,968. This transaction is noteworthy as it reflects the ongoing activities within the stock market, where individual investors and executives frequently buy and sell shares based on various factors. Such movements can influence market perceptions and investor confidence.

Atlassian CEO Mike Cannon-Brookes has sold $1.25 million worth of stock, a move that raises questions about the company's future direction and his confidence in its performance. While stock sales by executives can sometimes signal concerns, they can also be part of personal financial planning. This sale is noteworthy as it reflects the ongoing dynamics in the tech industry and investor sentiment.

Credit Acceptance reported its Q3 2025 earnings, surpassing EPS expectations, which is generally a positive sign for investors. However, despite the strong earnings report, the company's stock experienced a dip, raising questions about market reactions and future performance. This situation highlights the complexities of stock market dynamics, where good news doesn't always translate to positive stock movement.

iRhythm Technologies saw a significant bounce in its stock price after surpassing Q3 earnings expectations, which is great news for investors. This positive performance indicates strong demand for their innovative heart monitoring solutions and reflects the company's solid growth trajectory. As the healthcare technology sector continues to evolve, iRhythm's success could inspire confidence among investors and potentially attract new ones.

Former President Trump's recent order regarding nuclear testing could have significant implications for companies like Honeywell and BWX Technology. This move may lead to increased demand for their products and services, potentially boosting their market positions. As the geopolitical landscape evolves, the focus on nuclear capabilities is likely to drive innovation and investment in the sector, making it a critical area to watch for investors and industry stakeholders.