MGM Resorts International has announced that it will be added to the S&P 500 index effective prior to the open of trading on Wednesday, 26 July 2017.
“We are honored to join the esteemed companies that comprise the S&P 500 index,” said Jim Murren, Chairman & CEO of MGM Resorts. “As with all of our company’s accomplishments, this significant milestone represents the efforts of the 77,000 men and women dedicated to delivering the finest entertainment experiences at MGM Resorts and our continued commitment to maximize shareholder value.”
The S&P 500 index is an index of 500 stocks seen as a leading indicator of US equities and a reflection of the performance of the large cap universe, made up of companies selected by economists. The S&P 500 is a market value weighted index and one of the common benchmarks for the US stock market.
MGM Resorts will be added to the GICS Casinos & Gaming Sub-Industry index.
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