FX.co ★ MGM Resorts, Marriott International Agree To Launch W Las Vegas

MGM Resorts International and Marriott International have revealed plans to rebrand a property on the Las Vegas Strip under the W Hotels banner, incorporating it into the Marriott Bonvoy collection. Steve Zanella, President of MGM Resorts Operations, expressed that this initiative aims to provide their clientele with a novel luxury lifestyle offering. Currently, MGM's shares are valued at $40.97, reflecting a decrease of 0.53 percent on the New York Stock Exchange, whereas Marriott's shares are priced at $266.09, marking a 0.18 percent increase on the Nasdaq.