|Bid||30.20 x 0|
|Ask||30.40 x 0|
|Day's Range||30.20 - 30.20|
|52 Week Range||23.49 - 30.46|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of casino stocks are higher on Monday, following Wynn Resorts' (WYNN) upbeat fourth-quarter earnings report--a report that could signal a winning hand in casino's like MGM Resorts International (MGM) and Las Vegas Sands (LVS). Wynn Resorts said it earned $1.49 a share, on revenue of $1.69 billion. Analysts were looking for earnings per share of $1.38 on sales of $1.57 billion.
Mario Gabelli [wheeling a model of a skeleton on a stand to the front of the table]: This is an active manager. Madison Square Garden [MSG] has 23.5 million shares outstanding. The stock trades for $213, and the equity capitalization is about $5 billion.
LAS VEGAS, Jan.18, 2018 /PRNewswire/ -- MGM Resorts International (MGM) will release its financial results for the fourth quarter and full year 2017 before the market opens on Tuesday, February 20, 2018. MGM Resorts will host a conference call that day at 11:00 a.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. The call will be accessible via the Internet through http://investors.mgmresorts.com/investors/events-and-presentations/ or by calling 1-888-317-6003 for domestic callers and 1-412-317-6061 for international callers.
This new program, in which MGM Resorts donates surplus (prepared but unserved) hot banquet food to Three Square, is expected to provide 800,000 nutritious meals by 2020 to people combating hunger. Food insecurity is one of the most serious public health challenges in the United States, according to statistics from the United States Department of Agriculture.
Casino operators like Las Vegas Sands (LVS) and Wynn Resorts (WYNN) have done well in the past year, and Morgan Stanley's Thomas Allen expects that strength to continue—and for laggard MGM Resorts International (MGM) to see a better 2018. Allen and his team write that Wynn is still their favorite pick for the New Year, thanks to strength in Macau and Wynn’s outperformance there. For Macau, Allen raised his 2018 gaming revenue growth forecast to 16% from 11%, driven by stronger visitation and spending trends and following 20% revenue growth in the fourth quarter, which easily topped his expectations of 15%.
LAS VEGAS, Jan. 16, 2018 /PRNewswire/ -- MGM Resorts International (MGM) today announced the appointment of Sean Christie as its President of Events and Nightlife. As the demographics of travelers evolve and they become more and more sophisticated in what they are looking for, Christie will help identify and execute dynamic, engaging hospitality and entertainment experiences around the world. Bill Hornbuckle, President of MGM Resorts, said, "We are fortunate to have Sean join us.
LAS VEGAS, Jan. 12, 2018 /PRNewswire/ -- MGM Resorts International (MGM) signed the American Association of Retired Persons Employer Pledge, signaling to the communities in which it operates that it values and hires experienced workers. The AARP Employer Pledge Program, a national effort to connect employers with job seekers who are over 50, allows MGM Resorts to reach those who might not have considered a career in the hospitality and entertainment industry. Believe in equal opportunity for all workers, regardless of age.
When MGM Resorts International sold MGM National Harbor to its affiliated real estate investment trust , it paid off in a big way — to Prince George's County. The transaction between MGM Resorts (MGM) and MGM Growth Properties (MGP) brought with it a check for $23.2 million in deed transfer and recordation taxes, the largest single payment in the county's history, Thomas Himler, a top county economic development and finance official, tells me.
LAS VEGAS, Jan. 12, 2018 /PRNewswire/ -- MGM Resorts International (MGM) ("MGM Resorts" or the "Company") announced today the debut of its new investor relations website. The redesigned website aligns closely in aesthetics and functionality with our corporate website and offers quick and intuitive access to essential information such as company news, financial and stock information, presentations and webcasts, SEC filings, and corporate governance information. Concurrently with the website launch, the Company has also made available a new Investor Presentation which can be found under "Investor Presentation" within the "Overview" section of the website.
LAS VEGAS, Jan. 10, 2018 /PRNewswire/ -- Thousands of Las Vegans are expected to line downtown streets Monday, Jan. 15, to cheer on participants of the 36th annual Dr. Martin Luther King, Jr. Parade. Hailed as one of the nation's largest parades west of the Mississippi River celebrating the ideals and life of Dr. King, the parade will kick off at 10 a.m. with the route starting at Fourth Street and Gass Avenue. Wendell P. Williams, founder of the Dr. Martin Luther King, Jr. Committee, the nonprofit organization that plans and hosts the parade, says this year's parade promises to provide a variety of entertainment, including floats, exotic vehicles, marching bands and dancers.
MGM Resorts International (MGM) is higher on Tuesday, thanks to a JPMorgan report calling it the "best absolute value play" in gaming. Analyst Joseph Greff and his team reiterated an Overweight ...
Casino stocks are stumbling out of the gate in 2018 after Macau finished 2017 with a December revenue number that fell just short of consensus analyst expectations. Melco Resorts & Entertainment Ltd (ADR) ...
Unikrn, one of the world’s leading esports brands, is proud to announce a partnership with MGM Resorts International to bring live competitive gaming and esports tournaments to LEVEL UP inside MGM Grand Hotel & Casino.
LOS ANGELES, Dec. 18, 2017-- Nova LifeStyle, Inc., a leading U.S.-based, innovative designer and distributor of modern LifeStyle furniture, today announced that the Company has signed initial product supply ...
LAS VEGAS, Dec. 11, 2017 /PRNewswire/ -- MGM Resorts International today announced that its WNBA franchise will be called the Las Vegas Aces. Las Vegas' first major professional basketball team – formerly the San Antonio Stars – will begin play in its new home in the 2018 season. Las Vegas Aces President of Basketball Operations and Head Coach Bill Laimbeer was joined by MGM Resorts President Bill Hornbuckle and WNBA President Lisa Borders to reveal the team's name and logo at a news conference at Mandalay Bay.
LAS VEGAS (AP) — A lifelike network of twisting tree roots emerges from the ceiling and branches out into the lobby featuring green, earthy accents, crystal chandeliers and soon, work from British Pop Art legend David Hockney. Steps away from the check-in desk, Pablo Picasso artwork graces a South of France-inspired restaurant.
MGM MACAU was identified for its best practices and continued leadership in combating human trafficking across the globe. "We are very proud of the selection of our MGM MACAU Affiliate as a global finalist in the movement to combat human trafficking and modern day slavery. "Respect for human dignity and human rights is fundamental to our hospitality and entertainment mission, and our dedication to ethical business conduct.
MGM National Harbor has a new day-to-day chief. Melonie Johnson, who most recently served as president and chief operating officer of MGM's Gold Strike Casino Resort in Tunica, Mississippi, has been named president and COO of MGM National Harbor — Maryland's most successful casino on a month-to-month basis by revenue . Bill Boasberg, who carried the $1.5 billion MGM National Harbor through its opening and nearly its first year of operations, has been named president and COO of Beau Rivage Resort in Biloxi, Mississippi.
NEW YORK, Dec. 01, 2017-- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of ...
NEW YORK, Nov. 28, 2017 /PRNewswire/ -- Juice Press, the leading organic food and beverage retailer, announced plans to open its first Nevada store on the bustling Las Vegas Strip at Bellagio Resort & Casino — one of the city's premier travel and vacation destinations. The venue will offer Las Vegas travelers the freshest variety of organic cold-pressed juices in addition to smoothies, snacks and kombucha on tap. For added convenience, Bellagio hotel guests will have the option to order through in-room dining for a quick and nutritious pick-me-up.
LAS VEGAS (AP) — Casinos in Las Vegas are upping the ante in their pursuit of coveted millennial visitors with new attractions designed to wow them, provide them Instagram-worthy moments and maybe even get them to gamble a little.
Hundreds of victims of the Oct. 1 mass shooting in Las Vegas filed five lawsuits on Monday in a California court against the operators of the hotel from which the gunman fired, the organizers of the country music festival he targeted and the killer's estate. Muhammad Aziz, a Houston-based lawyer heading the lawsuits, said they were filed in California because nearly all the plaintiffs were from the state and had been treated there.