MGM Resorts received ” 5 Green Keys” Rating

Four premier resort properties of MGM Resorts International (NYSE MGM) have received the coveted “5 Green Keys” rating for meetings. The distinction becomes very special because the four resorts are the first in the U.S. to receive this recognition and among an exclusive group of just six such properties across North America. This prestigious rating is awarded by Green Key Global, the leading certification body assessing sustainable hotel operations around the world. Each of the 11 MGM Resorts properties spread across the country has taken significant measures to promote sustainability through environmentally friendly facilities and business operations.

The Nevada Gaming Commission recently approved licenses for MGM Resorts International in the state’s new intrastate online poker industry. MGM Resorts plans to put up a play-for-fun site in the coming months.

Shares of MGM resorts are trading at $9.89. It is below its 100-day Moving Average price of $10.26 and above its 5-day Moving Average price of $9.63.  Technically, it has been showing support around $9.15 and resistance in the $10.78 price range. MACD (12,26) and RSI(14) are  increasing. The overall technical indicator shows a buy with the $12.59 target price in six months.

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