|Bid||11.740 x 0|
|Ask||11.760 x 0|
|Day's Range||11.740 - 12.160|
|52 Week Range||10.780 - 17.660|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||41.78|
|Earnings Date||Aug 6, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||0.19 (1.60%)|
|1y Target Est||16.80|
Growing protests in the Asian financial centre of Hong Kong are weighing on the neighbouring Chinese territory of Macau as some visitors steer clear of the world's biggest gambling hub, worried over transport disruptions and safety concerns. Hong Kong, a former British colony, has suffered a wave of sometimes violent protests since June as initial opposition to a now-suspended extradition law evolved into a direct challenge to the government and calls for full democracy. "When you have hundreds of flights cancelled out of Hong Kong and some reluctance to travel, I do think that's impacting the premium end of the business," Matt Maddox, chief executive of Wynn Resorts, which runs two Macau casinos, said this week.
Gambling revenue in the Chinese territory of Macau dropped 3.5% in July from a year earlier, due to tempered demand from high rollers amid a slowdown in the world's second-largest economy and a trade war with the United States. Revenue was 24.5 billion patacas ($3.04 billion) in July, Macau's Gaming Inspection and Coordination said on Thursday. The figure was just below analyst expectations of a 3% drop to 3% rise.
MGM COTAI Continues Its Ramp MGM China Adjusted EBITDA Grew 33% Year-on-Year HONG KONG , July 26, 2019 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK ...
Gambling revenue in the Chinese territory of Macau rose 5.9% in June year on year, as sentiment to gamble saw an uptick in the world's largest gambling hub. June's figure was 23.8 billion patacas ($2.95 billion), according to Macau's Gaming Inspection and Coordination.
Macau is considering launching a yuan-based stock market to help it diversify away from gaming, its main source of revenue, and align the territory more with China's growth plans for the Greater Bay Area in the country's southern region. Macau's Monetary Authority told Reuters in an email that it was starting feasibility studies for a securities market, including a stock market which would "leverage Macau's advantage to serve the country's need," compared with established centres Hong Kong and Shenzhen. Beijing is pushing for the special administrative region of Macau to become an international tourism destination as well as a platform for trade and business between Portuguese speaking countries and China.
Gambling revenue in the Chinese territory of Macau hit a five-month high in May, although softer demand from high rollers amid a slowdown in the world's No.2 economy and a Sino-U.S. trade war continued to keep a lid on gains. Revenue was 25.95 billion patacas ($3.21 billion), the highest this year, Macau's Gaming Inspection and Coordination said on Saturday, versus 25.5 billion patacas a year ago and also up from April's monthly haul of 23.6 billion patacas. As the special administrative region marks 20 years since its handover from Portuguese rule, slower mainland economic growth, a weaker yuan and a simmering trade war threaten to derail growth.
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Gambling revenue in the Chinese territory of Macau fell 8.3 percent in April, the biggest year-on-year drop since June 2016, due to tempered demand from high rollers amid a slowdown in the world's second-largest economy. The figure, down from 25.8 billion patacas in March, was in line with analyst expectations for a 3-12 percent drop year on year.
Moody's Investors Service ("Moody's") today assigned a Ba3 rating to the proposed senior unsecured notes to be issued by MGM China Holdings Limited, a 55.95% owned discretely financed publicly traded subsidiary of MGM Resorts International. MGM China owns and operates two resort casinos in Macau, China that account for approximately 20% of MGM Resorts consolidated EBITDA.
In the first quarter, MGM China recorded total revenue of HK$5.8 billion, an increase of 24% from the same quarter last year. MGM China saw adjusted EBITDA up by 27% year-on-year to HK$1.6 billion. While the first-quarter Macau gross gaming revenue (GGR) remained flat as last year, MGM China saw its GGR up by 18% year-on-year.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We'll show how you can use MGM China Holdings Limited's (HKG:2282) P/E ratio to inform your assessment of the inv...
Gambling revenue in the Chinese territory of Macau dipped 0.4 percent in March year-on-year, as slowing economic growth and the Sino-U.S. trade war turned off high-roller gamblers. March's revenue was 25.8 billion patacas ($3.2 billion), Macau's Gaming Inspection and Coordination posted on Monday. As the special administrative region marks 20 years since its handover from Portuguese rule, slower mainland economic growth, a weaker yuan and a simmering trade war threaten to derail growth.
Gambling revenue in the Chinese territory of Macau dipped 0.4 percent in March year-on-year as slowing economic growth and the Sino-U.S. trade war turned off high-roller gamblers. March's figure was 25.8 ...
Moody's Investors Service ("Moody's") assigned a Ba3 rating to MGM Resorts International's ("MGM") proposed $500 million senior unsecured notes due 2027. The net note proceeds, together with other sources of funds, which may include cash on hand or borrowings under its revolving credit facility, will be used to redeem up to $500 million aggregate principal amount of MGM's outstanding 5.25% senior notes due 2020 and 6.75% senior notes due 2020 through cash tender offers. MGM is constrained by its concentration in Las Vegas (approximately 61% of consolidated 2018 EBITDA), exposure to the Macau gaming market that is experiencing volatility, and the ramp-up risk associated with recent resort developments - MGM Cotai (opened in Q1 2018) and MGM Springfield (opened in August 2018) and the redeveloped Park MGM (completed in December 2018).
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return OnRead More...
March 15 (Reuters) - MGM China Holdings Ltd: * TRADING IN SHARES OF CO HAS BEEN HALTED AT 9:56 A.M. ON MARCH 15 * TRADING IN SHARES OF CO TO BE HALTED PENDING ANNOUNCEMENT OF SUB-CONCESSION CONTRACT OF ...
Macau, the world's largest gambling hub, has extended casino licences for MGM China and SJM Holdings until 2022, bringing them on par with other operators, authorities in the Chinese territory said on Friday. The Macau government said the MGM and SJM's licences, set to expire in 2020, would be extended for another two years with both operators required to pay a one-off fee of 200 million patacas (£18.88 million). The licence extensions in the only part of China where casinos are allowed will give authorities more time to consider how to diversify the gambling-dependent economy.
March 15 (Reuters) - MGM China Holdings Ltd: * SUB-CONCESSION EXTENSION CONTRACT HAS BEEN APPROVED AND AUTHORIZED BY MACAU GOVERNMENT AND EXECUTED BETWEEN SJM AND MGM GRAND PARADISE * MGM GRAND PARADISE ...