- Reuters•4 hours ago
Macau casino operator Galaxy Entertainment Group posted a 28 percent jump in third-quarter net profit, as newer, family-friendly projects helped draw in visitors to the Chinese territory. Galaxy's results on Wednesday portend well for its rivals such as Sands China and Wynn Macau who have also launched projects designed to appeal more to non-gamers in the world's biggest gambling hub after overall growth plummeted in the past two years. Galaxy and the five other listed casino operators in Macau have been hit by sagging demand from high roller Chinese gamblers due to a crackdown on corruption and slowing economic growth in the mainland.
- Reuters•6 hours ago
Macau casino operator Galaxy Entertainment Group posted a 28 percent rise in net profit in the third quarter from a year earlier as the world's biggest gambling hub showed tentative signs of a turnaround after plummeting growth in the past two years. The company reported profit of HK$2.7 billion ($348.13 million) for the quarter ended in September, while revenue rose 5 percent to HK$12.9 billion. Galaxy, one of six listed casino operators in the Chinese territory of Macau, has been hit by sagging demand from high roller Chinese gamblers due to a pervasive crackdown on corruption and slowing economic growth.
- optionMONSTER•16 hours ago
Traders are looking for the bullish momentum in MGM Resorts to continue this week. OptionMonster's monitoring program shows that 6,500 Weekly 26.50 calls expiring this Friday were purchased for $0.14 to ...
MGM Resorts International (MGM)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||25.71 x 600|
|Ask||26.49 x 300|
|Day's Range||26.05 - 26.32|
|52wk Range||16.18 - 27.04|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-77.39|
|Avg Vol (3m)||4,903,675|
|Dividend & Yield||0.00 (0.00%)|