|Bid||30.20 x 100000|
|Ask||30.40 x 100000|
|Day's Range||30.20 - 30.40|
|52 Week Range||23.31 - 30.47|
|PE Ratio (TTM)||29.86|
|Forward Dividend & Yield||0.00 (0.00%)|
|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.
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%.
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.
A Relative Strength Rating upgrade for MGM Resorts International shows improving technical performance. Will it continue?
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 ...
Investors seeking higher dividend yields may find them in surprising structures: medical marijuana property, data farms, digital billboards and college housing. They’re part of the top tax-advantaged real estate investment trust (REIT) portfolios picked by six MoneyShow experts who follow them.
Sometimes a stock will break out but struggle to hold the buy point. Verizon and Delta Air Lines reclaimed entries Monday. Netflix, Citigroup, and MGM Resorts aren't far off.
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 Resorts International (NYSE:MGM) generated a below-average return on equity of 7.30% in the past 12 months, while its industry returned 11.34%. An investor may attribute an inferior ROE toRead More...
Wynn Resorts, Las Vegas Sands and Melco Resorts & Entertainment nudged higher on Friday after November gaming revenue in the region sped past expectations.
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.
The casino operator unveils its latest set of quarterly figures showing good domestic performance, but the company's international operations should be more of a concern.
Last month’s mass shooting at a country-music festival in Las Vegas has prompted a slowdown in travel bookings to the nation’s gambling capital, airline data show.