|Bid||34.00 x 2000|
|Ask||34.10 x 100|
|Day's Range||34.42 - 35.04|
|52 Week Range||25.15 - 38.41|
|PE Ratio (TTM)||33.86|
|Earnings Date||Feb 20, 2018|
|Forward Dividend & Yield||0.44 (1.28%)|
|1y Target Est||39.06|
Las Vegas, after a decline in visitors, a mass casualty event and the departure of visionary Steve Wynn, tries to re-invent itself for the Millennial Generation.
It’s not often that you can be two years behind schedule and have good timing. The $3.4 billion MGM Cotai opened Tuesday, just ahead of Chinese New Year and in the midst of very good times for Macau gaming. Revenue rose 19% last year and a whopping 36% in January from a year earlier.
NEW YORK, Feb. 16, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Sunrun ...
Now is also a great time to be buying gambling stocks, as continued domestic strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices. Check out these casino stocks today!
As earnings season inches toward the finish line, it’s time to check in on the gaming and resort industry, specifically MGM Resorts International (NYSE: MGM ), which is expected to report its results Tuesday, ...
Third Point, the activist hedge fund run by Daniel Loeb, just revealed its holdings as of the end of the fourth quarter--a report that included several new positions. Netflix (NFLX) was one of the most prominent new stocks in the portfolio. Third Point bought 2 million shares of the streaming service, worth about $532 million at Wednesday's closing price of $266. Assuming he's held onto the shares, he's made a nice profit, as the stock is up 39% this year.
MGM Resorts' (MGM) digital technology and strong domestic presence are likely to favor fourth-quarter revenues, while high costs and debt pressure might hurt the bottom line.
MGM Resorts International (NYSE:MGM) is currently trading at a trailing P/E of 32.2x, which is higher than the industry average of 23.1x. Although some investors may jump to the conclusionRead More...
MGM Resorts is launching a lavish multibillion-dollar casino resort in Macau in the latest big bet by foreign gaming companies on the southern Chinese gambling haven. Las Vegas, Nevada-based MGM Resorts ...
MGM Resorts opened its $3.4 billion casino resort in the Chinese-controlled territory of Macau on Tuesday, just days ahead of the Lunar New Year holiday, hoping to ride a boom in business in the world's biggest gaming hub. MGM Cotai, which will more than triple the number of MGM's hotel rooms in the former Portuguese colony to 1,972, marks a major expansion in non-gaming attractions amid uncertainty over the renewal process of its casino license that expires in two years. The new resort, MGM's second and the biggest investment in Macau, boasts a 2,000-seat theatre and artwork including 28 carpets from the Qing dynasty as well as a four-storey atrium garden space that features digital art.
MGM Resorts opened its $3.4 billion casino resort in the Chinese-controlled territory of Macau on Tuesday, just days ahead of the Lunar New Year holiday, hoping to ride a boom in business in the world's biggest gaming hub. MGM Cotai, which will more than triple the number of MGM's hotel rooms in the former Portuguese colony to 1,972, marks a major expansion in non-gaming attractions amid uncertainty over the renewal process of its casino license that expires in two years. The new resort, MGM's second and the biggest investment in Macau, boasts a 2,000-seat theater and artwork including 28 carpets from the Qing dynasty as well as a four-storey atrium garden space that features digital art.
NEW YORK, Feb. 12, 2018-- UBM plc, the world’ s largest pure-play business-to-business events organizer, and its UBM Fashion Group division, have joined forces in a strategic partnership with Mandalay ...
The resignation of Steve Wynn as chairman and CEO of Wynn Resorts (WYNN) after allegations of sexual harassment lifted shares of the casino operator as the likelihood receded that casino regulators would suspend Wynn’s gaming licenses and that corporations would cancel meeting bookings. Had Wynn not stepped down, various casino regulators looking into the allegations might have exercised subpoena power and dredged up more negative information that might imperil Wynn’s gaming licenses. In particular, the Massachusetts Gaming Commission’s investigation raised questions about the future of the $2.4 billion casino resort the company is building outside Boston.
State legislators from Bridgeport proposed a bill that would call for an open competition to build a new casino in Connecticut, creating an opportunity for MGM Resorts and challenging Indian tribes that ...
The Mandalay Bay Resort and Casino, where a gunman converted a suite to a sniper's nest in October and opened fire on an outdoor country music concert, killing 58 people, will rename several floors of the guest tower, the company said. Floors 31, 32, 33 and 34 of the hotel will be renumbered 56, 57, 58 and 59, said Brian Ahern, a spokesman for MGM Resorts International, which owns the Mandalay Bay. Stephen Paddock, a 64-year-old retiree, fired on the Route 91 Harvest festival on Oct. 1 from a suite he had rented on the 32nd floor of the Mandalay Bay before taking his own life.
Bridgeport and New Haven lawmakers are advocating a new competitive process for Connecticut's first casino on non-tribal land despite the General Assembly throwing its support last year behind a proposed ...
Steve Wynn is out as Chairman and CEO of the company that bears his name. Yahoo Finance's Seana Smith, Myles Udland, Ethan Wolff-Mann, Julia La Roche discuss the billionaire casino mogul's resignation following sexual-misconduct allegations against him.