One of the best things about the gambling industry is that it is full of inspirational, hard working companies. No matter where you are in the world, you’re bound to be close to an iconic gambling company with a team full of amazing employees. This is an industry that’s known for innovation and creativity- and the companies in our sector do not let us down.
Of course, there are lots of different types of companies to be aware of. There are small, independent shops and casinos which offer up unique, fun gambling experiences and products. There are also plenty of global companies and industry giants to be aware of, who offer up everything from entertainment and gambling, to world class food and hospitality.
One of the most important companies for you to be aware of in 2020 is MGM. MGM runs a huge number of world class establishments, and has made a name for being innovative and well put together. If you’re a gambling fan in the area of an MGM casino, it would absolutely be worth your time to go and check it out.
It’s been somewhat of a bumpy year for the casino scene, of course, and unfortunately MGM has not been exempt from this. Here at NJ Gambling Fun, we’re passionate about keeping our audience up to date on the latest and greatest in our gambling world- so we’ve collected some of the top points to know about this wonderful company in 2020.
MGM stock is fluctuating
To start off with, one of the important things to note about MGM is that their stock is continuing to go up and down repeatedly. It’s been an uncertain time for the gambling community, of course, so it’s only natural that their stock has been affected by this. As you can see here, it’s been a hot topic in the community as of late.
As noted in that article, the stock fell dramatically in May which caused a lot of discourse in the community. However, it does appear to be on the rise again at the time of writing. Professionals in the financial sector are anticipating this rise, and it would certainly be an interesting time to get involved in the company if you’re an investor.
Their sports betting app could make all the difference
One of the best things about MGM is that they’re very involved in sports betting and online, mobile gaming. As many of you reading this will know, online and mobile betting is huge right now, as is sports betting and gaming.
That’s why it’s so great to see that MGM has a sports betting app. As noted in our post here, this app could absolutely be the key to success for the MGM team as we finish up 2020. Mobile sports betting is all the rage right now, and they’re sure to get some incredibly positive interactions from the community while offering it.
They’re the official partners of the Las Vegas Raiders
On a more positive note, it’s worth drawing attention to the fact that MGM became the official partners of the Las Vegas Raiders this year- as pointed out in this article. While this year has been a difficult one for them, they have certainly been making some very positive partnerships with important companies and teams in the sporting community.
This is something that we feel many casinos and betting shops around America will be doing as 2020 progresses. Making partnerships and alliances is a particularly great way to get a foothold in the community during turbulent times.
They’ve had a difficult year so far
It’s been a hard year for MGM, as we noted. This doesn’t just mean that it’s been a hard year for their finances, though. As noted here, the staff have undoubtedly been affected by recent events. The main casinos in Atlantic City have been put under immense stress due to recent events, and MGM staff are absolutely included in this.
There is a lot of competition in the market
Something that’s important to consider with MGM as a company is that they have a lot of competition on the market right now. As you’re bound to have noticed, the casino market is booming right now. As pointed out here, it’s especially booming in the Northeast market.
This is one of the things that will be affecting MGM’s stock, naturally. The sheer amount of competition is causing investors to hedge their bets, and could be leading newer investors to feel confused about where to spend their money, which is understandable. As more companies are created, we’re sure to see this continue.
As you can see, it’s been somewhat of a difficult year for the MGM team. The recent series of events around the world have made it hard for casinos to operate and succeed, and MGM have been caught up in this alongside their peers. It’s worth noting how this will have affected their staff, as the closures and furlough leave will have been very stressful to deal with.
Of course, it’s worth noting that we think MGM will absolutely bounce back from this. This is a company that is known for going above and beyond, and we’re convinced that their loyal following will be able to get them back up to the top in no time at all.
In general, the casino community will absolutely be able to recover from the devastation that this year has brought. This year has been tricky, but we are undoubtedly going to see some great things from the community still. We’ve already seen iconic partnerships, new technology and ways to gamble- so 2020 is bound to finish on a more positive note.