MGM Resorts International (NYS:MGM) is reopening more resorts in Las Vegas over the next few weeks. Luxor and The Shoppes at Mandalay Bay Place will open their doors again June 25 at 10 a.m. PST, followed by Aria at 10 a.m. PST, and Mandalay Bay, Four Seasons Las Vegas at 11 a.m. PST on July 1. "It was exciting and emotional to see the energy in Las Vegas last week as we welcomed back our employees and reopened our doors to guests for the first time in months," Bill Hornbuckle, MGM Resorts' acting CEO, said in a statement. "Our guests are having a great time and are thrilled to be back in the city they love. We are eager to get more of our employees back to work and enhance the Las Vegas experience with additional resorts." Last week, Bellagio, MGM Grand, and New York-New York opened. Excalibur is expected to open June 11. Shares of MGM are down 34% this year. The broader S&P 500 index (S&P:SPX) is down 0.7% in 2020.
June 9, 2020, 6:21 p.m. EDT