|Day's Range||0.6700 - 0.6700|
Hilton has announced a wellness-focused brand of hotels called "Tempo". Yahoo Finance's Brian Cheung, Anjalee Khemlani and Emily McCormick join Seana Smith on The Ticker to discuss.
MGM Resorts International (NYSE: MGM) is proud to announce that it received a perfect score of 100 on the 2020 Corporate Equality Index (CEI), the nation's premier benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality, administered by the Human Rights Campaign (HRC) Foundation. MGM Resorts joins the ranks of more than 680 major U.S. businesses that also earned top marks this year.
MGM Resorts International (NYSE: MGM) and the Las Vegas Raiders today announced a new partnership, making MGM Resorts An Official Gaming Partner of the Raiders. MGM Resorts also has been named a Founding Partner of Allegiant Stadium and An Official Home of the Raiders Pre- and Post-Game Party.
Traders are leaving the casino stocks on the news and their charts indicate their prices could slide even more before support develops.
MGM Resorts International has been named among FORTUNE's 2020 list of the World's Most Admired Companies, available online at www.FORTUNE.com.
Macau casino stocks were hammered on Tuesday as investors worried fears over the deadly coronavirus in China would hurt Macau’s gaming revenue during the upcoming Chinese New Year period. Bank of America analyst Shaun Kelley said the market may be overreacting to the situation. The CDC has confirmed nine deaths and hundreds of cases of the Wuhan virus, but Kelley said this isn’t the first time in recent history there has been a virus scare in China.
The latest global economic news, which includes a deadly virus that began in central China. Trump's speech in Davos. Uber news. What to expect from Netflix earnings. And why GoDaddy (GDDY) is a Zacks Rank 1 (Strong Buy) stock right now...
Increasing worries over the outbreak of the deadly coronavirus from China have knocked down the shares of casino operators on Tuesday, which generate significant amounts of revenue from their Macau opertions. Shares of Las Vegas Sands Corp. sank 6.1% in premarket trading, as about 62% of total revenue over the last 12 months was from Macau, according to FactSet. Wynn Resorts Ltd.'s stock tumbled 6.3%, as its Macau operations generated about 75% of its revenue, according to FactSet. The selloffs come as the futures for the S&P 500 fell 0.3%. Shares of MGM Resorts International, which had about 21% of revenue from Macau, according to FactSet, declined 2.2%. Six people have died from the coronavirus, and 291 have been infected, according to an Associated Press report.
Las Vegas Sands' (LVS) fourth-quarter 2019 revenues are expected to have declined due to soft Sand Cotai Central. Yet, higher margins from mass and non-gaming segments are likely to have boosted its profits.
The Pamunkey Indian Tribe announced Friday plans to develop a $350 million resort and casino in Richmond, Virginia, a facility that could chip away at MGM National Harbor's dominance in the greater region. The tribe has purchased, or has under contract, four parcels in Manchester, on the Richmond's southside, totaling 49 acres. The Pamunkey's Richmond casino is in addition to one it plans in Norfolk.
On Monday, Jan. 20, the Las Vegas community will come together to participate in the 38th annual Dr. Martin Luther King, Jr. Parade. MGM Resorts International (NYSE: MGM) will be the presenting sponsor of the parade for the 10th consecutive year.
MGM Resorts International (NYSE: MGM) will release its financial results for the fourth quarter and full year 2019 after the market closes on Wednesday, February 12, 2020. MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. In addition, supplemental slides will be posted prior to the start of the call on MGM's Investor Relations website at http://investors.mgmresorts.com.
MGM Springfield reported gross gambling revenue of just $18.9 million for December — the lowest full-month revenue figure in the casino’s 16-month history. MGM Springfield reported gross gaming revenue of $21.6 million a year ago in December 2018. The new numbers come amid fears that MGM Springfield is losing out in an over saturated gaming market and to neighboring New York and New Hampshire that have legalized sports betting.
MGM Resorts (MGM) announces that it will sell two of its Las Vegas properties. "MGP" and "BREIT" form a joint venture to acquire the MGM Grand Las Vegas and Mandalay Bay resorts.
The National Lacrosse League (NLL) today announced a landmark partnership with Roar Digital – a joint venture between global gaming industry leaders MGM Resorts International and GVC Holdings – making Roar's sports betting brand, BetMGM, the official and exclusive gaming partner of the NLL. It is the first-ever gaming partnership for the sport of lacrosse in the United States.