|Bid||22.51 x 1300|
|Ask||29.98 x 1400|
|Day's Range||27.36 - 27.87|
|52 Week Range||21.62 - 31.66|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||58.62|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.52 (1.95%)|
|1y Target Est||33.03|
The head of the legislature in Macau, the world's biggest gambling hub, formally declared his candidacy on Tuesday in the race to run the Chinese-controlled territory for the next five years. The political leader Macau chooses in the elections set for Aug. 25 will work with mainland authorities and be instrumental in the award of new casino licenses, a process closely watched by industry officials and investors. Ho Iat Seng, the main contender in the elections to pick Macau's chief executive, is Beijing's favoured candidate, industry experts say, and has won the public backing of the enclave's political elite.
MGM Springfield reported gross gambling revenue in May of $22.285 million, a 2.14% increase from the $21.8 million in gross gambling revenue the casino reported in April.
On Thursday morning around 10:54 a.m., Benzinga Pro subscribers were alerted to a purchase of 500 Wynn Resorts, Limited (NASDAQ: WYNN) put options at a $117 strike price that expire on Friday. At around 11:28 a.m., a trader sold 3,000 MGM Resorts International (NYSE: MGM) call options at a $28 strike price that expire on June 21. Due to the relative complexity of the options market, options traders are generally seen as more sophisticated than the typical stock trader.
MGM Resorts International NYSE:MGMView full report here! Summary * Perception of the company's creditworthiness is positive and improving * Bearish sentiment is low and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for MGM with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 11. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold MGM had net inflows of $6.99 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator with a strengthening bias over the past 1-month. MGM credit default swap spreads are decreasing and near the lowest level of the last one year, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
We at Insider Monkey have gone over 738 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st. In this article, we look at what those funds think of MGM Resorts International (NYSE:MGM) based on that […]
Conventional wisdom says that insiders and 10-percent owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. MGM Resorts International (NYSE: MGM) saw a director making indirect share purchases this past week.
LAS VEGAS , June 7, 2019 /PRNewswire/ -- The MGM Resorts Foundation is pleased to announce the following guest speakers at this year's 13 th Annual Women's Leadership Conference (WLC): Dr. Mary Kelly ...
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.
Macau witnesses an increase in Gross Gaming Revenue (GGR) in May. However, flagging China property price continues to impact the high-end VIP segment.
It's anything but for those who struggle with compulsive gambling. Instead, the footnote caps a powerful new temptation as ads for sports betting emerge in states that have recently legalized an activity once banned in most of the United States. Sharon, a 39-year-old homemaker, decided with her husband to move from New Jersey to New York specifically to get away from legalized sports betting, but still sees ads frequently that remind her of the tens of thousands of dollars in debt she racked up on a wagering app.
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.
As MGM Springfield’s gaming revenues continue to come in below initial expectations, company President Michael Mathis said he attributed part of the reason to a customer base that appears more interested in the casino’s restaurants and bars than in sitting down at the high-limit tables.
Casino giant MGM Resorts International says it’s completing planned layoffs with 779 job cuts, mostly in Las Vegas.
Casino giant MGM Resorts International says it's completing planned layoffs with 779 job cuts, mostly in Las Vegas. CEO Jim Murren told employees the last affected workers would learn Thursday their positions were eliminated. Company spokeswoman Debra DeShong says the job cuts overwhelmingly affect managers.
Last summer, MGM Resorts Chairman and CEO Jim Murren announced a historic alliance, naming MGM Resorts the "Official Gaming Partner of the NBA and WNBA." As the first sports betting operator in the U.S. to partner with a professional sports league in this category, MGM Resorts is a trailblazer, bringing millions of basketball fans and MGM Resorts guests together in an innovative and collaborative way. In the process, MGM Resorts is laying the foundation and setting expectations for all other partnerships, changing the way that consumers interact with sports betting operators, clubs and leagues alike.
LAS VEGAS , May 28, 2019 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) management will participate in the 35 th Annual Bernstein Strategic Decisions Conference in New York on Friday, May 31 , 2019. ...
The large-scale partnership between SPI Entertainment and MGM Resorts International will bring Australia's hottest export to smoldering new heights this summer with the debut of 'Thunderland'-- a new, fully immersive, multi-million-dollar venue within Excalibur Hotel & Casino. LAS VEGAS, May 28, 2019 /PRNewswire/ -- This summer, Australia's Thunder from Down Under — the longest-running and highest-grossing male revue in the history of Las Vegas — will bring the 'Ultimate Girls Night Outback' to a new level. In a partnership of exceptional proportions, SPI Entertainment has signed a 10-year extension with MGM Resorts International, blazing a new path for Australia's hottest export.