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MGM Resorts International Message Board

nameofthegame777 33 posts  |  Last Activity: Jan 26, 2015 9:36 AM Member since: Apr 13, 2011
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  • nameofthegame777 nameofthegame777 Jan 26, 2015 9:36 AM Flag

    Yes, check out my recent post on Yahoo's Market Pulse posted under nameofthegame7

  • Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski

    Analysts are bullish on MGM Resorts, but not because of baccarat.

    The company operates 10 Strip properties, including CityCenter, MGM Grand, The Mirage and Mandalay Bay, encompassing 41,000 hotel rooms and two large convention complexes.

    Zarnett said cash flow from the company’s flagship Bellagio are just 5 percent off the property’s 2007 peak, the best result he has seen on the Strip.

    Wieczynski told investors that shares of MGM Resorts, traded on the New York Stock Exchange, will see the best boost in value of any gaming company if current trends continue.

    “MGM’s Strip returns have also benefited from judicious cost management, which has allowed modest top-line gains to generate outsized cash flow growth,” Wieczynski said.

    MGM Resorts also is expanding in Macau, adding the $2.9 billion MGM Cotai. The resort is expected to open in 2016. Most analysts believe Macau will stage a comeback starting in the second half of this year.

    Wieczynski said the MGM Macau, which opened in 2007, “makes the most of the market’s current realities,” operating just 9 percent of the overall table games in the region. The Cotai resort will double MGM’s footprint in Macau.

    “The greatest value lies in its ability to grow MGM’s share of the market’s nongaming business, the segment we expect to deliver superior return in the years ahead,” Wieczynski said.

    He said Macau will transition “from a gambling enclave into a total entertainment destination.”

    The predictions already are starting for 2016.

  • nameofthegame777 nameofthegame777 Jan 24, 2015 1:17 AM Flag

    Looking Good Billy Ray! Feeling Good Louis! Setting the table: Perhaps MGM may even begin to seriously consider(not hint at as before) selling off Crystals at City Center for a Billion + borrowing rates are cheap for a new acquirer to pay top dollar in 2015.

  • Reply to

    More on Lincoln Park

    by nameofthegame777 Jan 22, 2015 12:38 AM
    nameofthegame777 nameofthegame777 Jan 22, 2015 10:01 AM Flag

    Over the next three years, Galena can put blocks of its stock to Lincoln Financial for purchase, up to $50 million. Left unsaid by Galena is that Lincoln Park gets to buy this stock at best price, if not a discount, to the market. According to the deal terms described in the SEC filings, the purchase price of the Galena stock will be the the lower of two scenarios: 1) the lowest sale price of the common stock on the date of purchase; or 2) the average of the three lowest closing sale prices for the common stock during the 10 consecutive business days preceding the purchase date.

    What does Lincoln Park do with the Galena stock it buys from the company at a discount? The firm re-sells the stock right back into the market, making a profit on the difference in price. Galena describes Lincoln Park as an "institutional investor," implying the firm is investing in the company as a long-term shareholder. That's not how Lincoln Park operates.

    Galena' press release claims Lincoln Financial is prohibited from shorting the company's stock, but the fine print of the deal disclosed in the SEC filings only says Lincoln Park is restricted from having a "net short" position. That's a subtle difference but important because it allows Lincoln Park to make additional money off Galena by arbitraging, or selling, shares it expects to receive.

    Over time, existing shareholders of troubled biotech companies tend to be the biggest losers when Lincoln Park gets involved.

    Aastrom BioSciences entered into a stock purchase arrangement with Lincoln Park last January. Since then, Aastrom's stock is down 16%. Oncolytics Biotech did its Lincoln Park deal in February. The company's stock is down 60% since that deal was announced. Biodel : Down 21% since its Lincoln Park financing was signed in July. Ocata Therapeutics : Down 13% since Lincoln Park started buying the company's stock in July. And Soligenix shares have lost 17% of their value since the November

  • Reply to

    More on Lincoln Park

    by nameofthegame777 Jan 22, 2015 12:38 AM
    nameofthegame777 nameofthegame777 Jan 22, 2015 12:48 AM Flag

    (Part 2) having a problem with Yahoo posting second part, will try later

  • nameofthegame777 by nameofthegame777 Jan 22, 2015 12:38 AM Flag

    (Part 1)Its always best for investors to know who the company is getting their financing from and why, period.

    Galena, Shunned by Wall Street, Forced to Seek Pricey Vulture Financing

    Lincoln Park Financial set up a $55 million line of vulture financing for Galena Biopharma (GALE - Get Report) last week, the scandal-ridden bio-tech company still under active SEC investigation for paying outside firms to promote its stock while insiders made millions of dollars selling company shares.

    Lincoln Park's involvement here is interesting in that these are the guys willing to throw a cash lifeline to companies unable to raise money via a traditional stock offering. Galena, according to a source familiar with the company's funding shortfall, was unable to muster sufficient interest from institutional investors. So, Galena has apparently turned to Lincoln Park, which has a reputation for financing troubled biotech companies -- but at great cost.

    Galena tried its best to spin the Lincoln Park arrangement positive, but the onerous deal terms are detailed in the company's regulatory filing with the SEC.

    Under terms of the agreement, Lincoln Park is buying an initial $5 million in Galena stock at $2 per share. Galena, in its press release, claimed the purchase price was 9% above the stock's closing price of $1.84 on Nov. 18. Galena failed to mention publicly that Lincoln Park was given 631,221 free shares of company stock in order to make the financing happen. Add those free shares into the calculations and Lincoln Park's $5 million initial investment in Galena is valued at $1.59 per share, or a 14% discount to the market price at the time the deal was signed.

  • Reply to

    RXII Another Lincoln Park casualty today

    by nameofthegame777 Jan 20, 2015 10:12 PM
    nameofthegame777 nameofthegame777 Jan 20, 2015 10:19 PM Flag

    sorry. the stock down to $.85 today

  • nameofthegame777 by nameofthegame777 Jan 20, 2015 10:12 PM Flag

    the stock is down from pre Lincoln Park Cap days of $2.20+ traded as low #$%$85 today

  • a long time to rally back up to the pre Lincoln Capital Days of $ 2.20 It does happen, but first you must feel the pain. I would look to be a buyer below $1.00 given a reasonable time horizon chances are good for a rally back towards $1.60

    I'm not taking into consideration any fundamental news out of the company positive or negative on its technology platform.

  • (Under the terms of the agreement, LPC has agreed not to cause or engage in any manner whatsoever, any direct or indirect short selling or hedging of Elite’s shares of common stock.)

    (Taken from Elite Pharm SEC filing)
    Elite Pharmaceuticals Secures Funding Commitment Of Up To $40 Million From Lincoln Park Capital, LLC

    Under the terms of the agreement, there are no upper limits to the price that LPC may pay to purchase Elite’s common stock. Elite will control the timing and the amount of shares to be sold. LPC has no right to require any sales and is obligated to purchase common stock as directed by Elite. Under the terms of the agreement, LPC has agreed not to cause or engage in any manner whatsoever, any direct or indirect short selling or hedging of Elite’s shares of common stock. In consideration for entering into the agreement, Elite has issued shares of common stock to LPC as a commitment fee and will issue additional commitment fee shares in p
    roportion to the amount of shares purchased by LPC under the agreement.

  • I recommend you all do a little due diligence on Lincoln and you may find the biggest reason why the stock has imploded (Below from SEC filing) + part 2 will show you another company who took Lincoln $$$ BUT wait to you see the difference in language

    Pursuant to this prospectus supplement and the accompanying prospectus, R Xi Pharmaceutical Corporation
    is offering up to $10,993,000 of our common stock, $0.0001 par value per share, to Lincoln Park Capital Fund, LLC, or Lincoln Park,under a purchase agreement entered into with Lincoln Park on December 18, 2014, or the Purchase Agreement.

    There is no upper limit on the price per share that Lincoln Park must pay for our common stock under t
    he Purchase Agreement. The purchase price will be equitably adjusted for any reorganization, recapitalization, non-cash dividend, stock split, or other similar transaction occurring during the business days used to compute
    the purchase price.

    There are no trading volume requirements or restrictions under the Purchase Agreement, but there are limitations on the number of shareswe can direct Lincoln Park to purchase, as described below. We will control the timing and amount of any sales of our common stock to Lincoln Park. We may at any time, in our sole discretion terminate the Purchase Agreement without fee, penaltyor cost, upon ten business days’ notice.

  • MGM $1.45Bil Debt drop With Conversion in April to MGM shares at $18.58

    Sept 29, 2014

    MGM Resorts may reduce its debt by the most in five years when a convertible bond issued in 2010 matures in April.

    The 4.25 percent, $1.45 billion bond will convert into MGM stock at a price of $18.58 a share, Chief Financial Officer Dan D’Arrigo said in an interview yesterday. The conversion will reduce MGM Resorts’ total debt to about $11 billion and eliminate $60 million in annual interest expense, he said.

    “That would be a dramatic improvement,” D’Arrigo said. “It positions the balance sheet for further deleverag
    ing.”

  • Sept 29, 2014

    MGM Resorts may reduce its debt by the most in five years when a convertible bond issued in 2010 matures in April.

    The 4.25 percent, $1.45 billion bond will convert into MGM stock at a price of $18.58 a share, Chief Financial Officer Dan D’Arrigo said in an interview yesterday. The conversion will reduce MGM Resorts’ total debt to about $11 billion and eliminate $60 million in annual interest expense, he said.

    “That would be a dramatic improvement,” D’Arrigo said. “It positions the balance sheet for further deleveraging.”

  • nameofthegame777 nameofthegame777 Jan 7, 2015 1:34 AM Flag

    should have read: U.S. Court Is Allowing Former Chief Executive of Sands To Present Doc's

  • HONG KONG (MarketWatch) -- A U.S. court is allowing the former chief executive of Sands China Ltd. to present documents said to involve the company’s purported secret investigation of Macau government officials and alleged ties between its employees and Chinese organized crime, Bloomberg News reported Wednesday.

    The ex-CEO, Steven Jacobs, has sued Sands China 1928, +1.95% , claiming wrongful termination of his contract in 2010.

    The documents Jacobs plans to present claim that Sheldon Adelson, chairman of parent company Las Vegas Sands Corp. LVS, -2.56% , had ordered the probes into Macau officials so as to exert “leverage” on them, the Bloomberg report said.

    The materials may also expose ties between Sands China associates and Chinese crime triads, it said.

    However, Sands had contended that Jacobs stole the documents and that they should not be used as evidence.

    A Nevada District Court judge ruled at a Wednesday hearing that Jacobs can present the materials but that they should also be treated as confidential information, the report said.

    Macau, the world’s biggest gambling center, has seen its revenues shrink as China’s leadership has escalated its efforts to combat corruption and illegal money transfers into the territory.

    Shares of China Sands were up 0.7% in Wednesday afternoon trade in Hong Kong, compared to a 0.3% rise for the Hang Seng Index HSI, +0.11% of which it is a component.

  • nameofthegame777 nameofthegame777 Jan 6, 2015 6:37 PM Flag

    southbuckeye: Stocks trade on perception. especially, when you have a trend (up or down)in motion.

    I don't like to post price targets on boards anymore, as the venom at times from both bull or bear responses is not worth it, but if you send an email to nameofthegame777@yahoo I can give you where I believe LVS, MGM, WYNN are buys.... which would more than likely answer your question.

    Take care, all the very best

  • nameofthegame777 nameofthegame777 Jan 6, 2015 11:57 AM Flag

    the side betting dollar amount is not old news to me (part 3).

    I am neutral (out of my position) after LVS hit my long term target of $80 +/- 2pts

  • nameofthegame777 nameofthegame777 Jan 6, 2015 10:56 AM Flag

    PART 3
    Jacobs, in a revised version of his lawsuit filed Dec. 22, claims one of the issues he and Adelson clashed over was whether the board of directors should be informed about findings related to media reports that the company was conducting business with Chinese organized crime syndicates.

    The third document Sands seeks to keep sealed is a background check on Heung Wah Kong, also known as Charles Heung, a Hong Kong movie producer.

    Vickers, former commander of the Royal Hong Kong Police’s Criminal Investigation Bureau, spoke at an April symposium at the University of California at Berkeley about the role of organized crime in moving money from mainland China, where gambling is illegal, to Macau, where visitors are restricted from bringing large amounts of cash with them.

    “The scale of this money is beyond all belief,” Vickers said at a panel discussion. He said the actual amount of money being wagered in Macau was as much as six times the official figure he estimated as $50 billion a year because of what he called side betting in the casinos’ VIP rooms.

    With side betting, gamblers in a VIP room agree ahead of time that, for example, a $1,000 chip is a $10,000 chip or a $100,000 chip, Vickers said. The off-the-books amount that is bet doesn’t go to the casinos but into the pockets of organized crime, according to Vickers.

    “The scale of it has shocked everybody,” Vickers said. “This is where politics, business and organized crime -- the rubber meets the road in Macau.”
    (Full article under news for MGM)

  • nameofthegame777 nameofthegame777 Jan 6, 2015 10:53 AM Flag

    PART 2
    Organized Crime

    Any possible business ties with organized crime figures overseas may have detrimental consequences for Sands in the U.S.

    Casinos in Nevada and other U.S. states are closely monitored by gaming regulators to keep out organized crime, which through mob bosses such as Bugsy Siegel and Meyer Lansky had a big hand in running the gambling businesses in Las Vegas during the early boom years before large corporations entered the market and built family and convention-oriented resorts.

    Wrongful Termination

    Adelson has said the investigation of the officials was commissioned by Jacobs, not by the company, and that he didn’t learn about until after Jacobs had been fired, according to a March 2013 court filing in the wrongful termination case.

    “I never asked or authorized Jacobs to conduct a private investigation of or ‘create a dossier’ on Macanese officials,” Adelson said in his court declaration. “We believe unequivocally that Jacobs initiated the investigation on his own for his own purposes.”

    A second report Sands wants to keep out of court is a background investigation of Cheung Chi Tai, an alleged member of a Hong Kong organized crime group known as a triad who has been involved in operating VIP rooms in Macau casinos.

  • Sands secret investigation of Macau government officials, allegedly ordered by its billionaire Chairman Sheldon Adelson, won’t remain under wraps for much longer if a fired CEO gets his way.

    Steven Jacobs, locked in a four-year battle with Adelson, wants a Nevada judge to let him use a report on the probe to support his wrongful termination lawsuit. Jacobs contends he was ousted in 2010 as chief executive officer of the China unit of Las Vegas Sands Corp. because he clashed with Adelson over demands he collect information on Macau officials to exert “leverage” on them.

    Jacobs claims the report by a Hong Kong risk consultant and two others that look at alleged ties between Sands China associates and Chinese organized crime will expose the company to “serious political and legal problems.” Sands has argued that Jacobs “stole” the documents when he was fired, and that they’re legally off-limits for use in the lawsuit.

    “These reports contain extremely sensitive, highly confidential, non-public information, consisting of proprietary and highly confidential business and strategic information,” Sands China said in a Nov. 26 court filing.

    A hearing on the matter is set for today in state court in Las Vegas, where the case has been bogged down over whether it belongs in Nevada or should be litigated in China.

MGM
20.32-0.54(-2.59%)Jan 28 4:01 PMEST

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