MGM Jun 2020 17.000 put

OPR - OPR Delayed Price. Currency in USD
0.0800
0.0000 (0.00%)
As of 12:00PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close0.0800
OpenN/A
Bid0.0000
Ask0.0800
Strike17.00
Expire Date2020-06-19
Day's Range0.0800 - 0.0800
Contract RangeN/A
VolumeN/A
Open Interest60
  • MGM Resorts' (MGM) Springfield Casino Disappoints in December
    Zacks

    MGM Resorts' (MGM) Springfield Casino Disappoints in December

    MGM Resorts' (MGM) Springfield is facing stiff competition from casinos in New York and New Hampshire.

  • PR Newswire

    MGM Resorts International Announces Fourth Quarter And Full Year 2019 Earnings Release Date

    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's gambling revenue hits record low in December
    American City Business Journals

    MGM Springfield's gambling revenue hits record low in December

    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 Partners With NLL to Push Up Sports Betting
    Zacks

    MGM Resorts Partners With NLL to Push Up Sports Betting

    MGM Resorts (MGM) continues to strengthen its sports betting footprint following the legalization outside Nevada.

  • MGM Resorts (MGM) Agrees to Sell Properties in Las Vegas
    Zacks

    MGM Resorts (MGM) Agrees to Sell Properties in Las Vegas

    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.

  • PR Newswire

    BetMGM And National Lacrosse League Announce First-Ever U.S. Gaming Partnership In Lacrosse

    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.

  • PR Newswire

    National Lacrosse League And BetMGM Announce First-Ever U.S. Gaming Partnership In Lacrosse

    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.

  • MGM Strikes $2.5 Billion Deal To Sell These Iconic Sin City Resorts
    Investor's Business Daily

    MGM Strikes $2.5 Billion Deal To Sell These Iconic Sin City Resorts

    MGM Resorts is selling the MGM Grand Las Vegas and Mandalay Bay resorts for $2.5 billion as the casino giant continues to shed real estate.

  • Benzinga

    MGM To Sell Las Vegas Resorts To Joint Venture In $4.6B Deal

    MGM Resorts International (NYSE: MGM ) said Tuesday that it plans to sell the MGM Grand and Mandalay Bay properties to a joint venture of  MGM Growth Properties LLC (NYSE: MGP ) and Blackstone Real Estate ...

  • TheStreet.com

    MGM Resorts is Cashing in On Some of Its Hot Las Vegas Real Estate

    The sale of MGM Grand and Mandalay Bay on the Vegas strip part of MGM's bigger plan to cash out real estate winnings, pay down debt and boost shareholder value.

  • MGM Resorts Enters Deal With Private Equity Giant Blackstone Over Las Vegas Properties
    Skift

    MGM Resorts Enters Deal With Private Equity Giant Blackstone Over Las Vegas Properties

    A new joint venture between MGM Growth Properties LLC and private equity giant Blackstone Real Estate Income Trust, Inc. has agreed to buy the MGM Grand and Mandalay Bay casino and resort properties in Las Vegas for $4.6 billion. MGM Resorts will continue to manage and operate the two properties on a day-to-day basis through […]

  • MarketWatch

    MGM Resorts to sell MGM Grand Las Vegas for $2.5 billion

    MGM Resorts International announced Monday an agreement to sell the MGM Grand Las Vegas real estate assets in a deal valued at $2.5 billion, to a newly formed joint venture between MGM Growth Properties LLC and Blackstone Real Estate Income Trust. As part of the deal, MGM Resorts expects to receive net proceeds of $2.4 billion, and about $85 million worth of MGM Growth Properties operating partnership units. The MGM Grand sale follows previous deals to sell Bellagio and Circus Circus Las Vegas deals, which combined will provide MGM Resorts net cash proceeds of $8.2 billion. MGM Resorts' stock, which rose 0.9% in premarket trading, has hiked up 19.3% over the past three months, while the S&P 500 has gained 10.9%.

  • PR Newswire

    MGM Resorts Announces Agreement To Monetize Real Estate Of MGM Grand Las Vegas

    MGM Resorts International (the "Company" or "MGM Resorts") (NYSE: MGM) today announced that it has entered into a definitive agreement pursuant to which a newly formed joint venture between MGM Growth Properties LLC ("MGP") and Blackstone Real Estate Income Trust ("BREIT") (the "Joint Venture") will acquire the MGM Grand Las Vegas real estate assets in a transaction valued at approximately $2.5 billion, which represents a multiple of 15.75x rent. In connection with the transaction, MGM Resorts expects to receive net cash proceeds of approximately $2.4 billion and approximately $85 million in MGP operating partnership units. MGP has also entered into an agreement with MGM Resorts to deliver cash for up to $1.4 billion of MGM Resorts' existing operating partnership units. MGM Resorts can elect to redeem units for up to 24 months post-closing, and anticipates doing so within the early part of that window. Combined with the previously announced Bellagio and Circus Circus Las Vegas transactions, and assuming the redemption of $1.4 billion in operating partnership units, these transactions are expected to provide total net cash proceeds to MGM Resorts of $8.2 billion. The transactions, as part of our broader asset-light strategy, will uniquely position MGM Resorts as a leader within the global gaming, hospitality and entertainment sector as a significant return of capital story, while also enabling it to achieve a fortress balance sheet.

  • TheStreet.com

    MGM Resorts to Sell MGM Grand and Mandalay Bay Las Vegas Properties

    MGM Grand and Mandalay Bay resorts and casinos in Las Vegas will be sold to a joint venture that includes Blackstone Group.

  • Financial Times

    MGM Resorts sells casino property in $2.5bn deal

    Blackstone doubled down on its bet on real estate in the US gambling capital on Tuesday, agreeing to partner with an affiliate of casino operator MGM Resorts to buy the flagship MGM Grand property on the Las Ve­gas Strip for $2.5bn. “This transaction reflects our continuing strong conviction in Las Vegas,” said Jon Gray, president and chief operating officer of Blackstone.

  • Wynn Resorts (WYNN) Plans to Launch a New Restaurant Concept
    Zacks

    Wynn Resorts (WYNN) Plans to Launch a New Restaurant Concept

    Wynn Resorts (WYNN) announces its plan to launch Elio in March 2020. It also aims to open three new restaurants at Wynn Las Vegas during 2020.

  • Now Open: Bellagio's Mayfair Supper Club Celebrates America's Appetite For The Spectacular
    PR Newswire

    Now Open: Bellagio's Mayfair Supper Club Celebrates America's Appetite For The Spectacular

    Boundary-breaking musical performances, towering seafood displays and the world's finest cuts of meat greet guests dining fountain-side at The Mayfair Supper Club, which opened at Bellagio Resort & Casino on New Year's Eve.

  • Can Las Vegas Sands (LVS) Replicate '19 Performance in 2020?
    Zacks

    Can Las Vegas Sands (LVS) Replicate '19 Performance in 2020?

    Las Vegas (LVS) revenue diversification efforts, planned investment in new capital projects in Macao and higher revenues from The Parisian Macao are major growth drivers.

  • Bloomberg

    How Food Will Change in 2020

    (Bloomberg) -- Like most corners of America, the food world saw unexpected drama in 2019. Fried chicken sandwiches caused chaos, and the meatlessness of plant-based Whoppers became a lawsuit. Cult grocer Wegmans opened in New York to the delight of “Wegmaniacs” everywhere, while Taco Bell took over a resort in Palm Springs for a more immersive experience than a cheesy gordita crunch.What’ll be big in 2020? In some ways, it’s hard to think of a decade beginning without considering the end of this one, a decade that radically changed how we looked at food—literally. Instagram made its debut in the fall of 2010; today, an estimated 95 million posts are uploaded every 24 hours, and food and drink are among users’ biggest interests.Fast-casual chains also came to dominate. In 2010, Shake Shack had just one location outside New York City; by the end of the decade, it was a publicly traded company with 250 locations around the world and is valued at almost $4 billion. As bowls became the serving dish of choice, Sweetgreen grew to a valuation of $1.6 billion.Two of the decade’s most powerful ingredients were green. Kale became the de facto base of salads—there were 335 million pounds of it on the market in 2017, compared with 145 million pounds in 2012. And avocados topped toasts across the country: In 2017, Square reported that Americans spent almost $900,000 per month on avocado toast, up from $17,400 in 2014.If kale—which is now being supplanted by brussels sprouts as the go-to vegetable on menus—seems like ancient history, consider these foods and trends the ones that will begin to define the new decade. Wagyu 2.0Given the popularity of Wagyu’s premium cuts such as ribeye and loin, it was a matter of time before less prime (and pricey) cuts from the same elite animals came into fashion. Think of it as the most luxurious version of nose-to-tail eating. At Cote in Miami’s Design District, opening in the second half of 2020, owner Simon Kim will offer wagyu knuckle braised in dashi soy sauce. He’ll serve other off-cuts, such as sirloin butt, as well. Jean-Georges Steakhouse at Aria Resort in Las Vegas already offers smoked wagyu brisket, carved tableside. For home cooks, Snake River Farms calls its American wagyu brisket the “secret weapon for competitive barbecue”—a 16-pound cut can go for $170. (By comparison, Snake River Farm’s wagyu gold grade New York filet runs $53 for only 6 oz.)Revenge of the ChickpeasSome ingredients owe their popularity to one dish. (Exhibit A: kale salad.) Chickpeas, on the other hand, dominate on multiple platforms. Hummus, which has become the dip of choice at parties, is set to grow from a $742 million business in 2019 to an $877 million one by 2024. Chickpeas are also the key ingredient in hit snacks like the nutrient-rich, low-carb Biena Chickpea Puffs: The airy, crunchy bites come in flavors like ranch and aged white cheddar. Banza chickpea pasta has become the fastest-growing pasta brand in the country, and in November it got $20 million in growth funding from Danny Meyer’s Enlightened Hospitality. Even associated waste product has gotten attention: Aquafaba, the liquid from canned chickpeas, is becoming increasingly popular as a vegan alternative in frothy cocktails and airy desserts.MSG Goes MainstreamMaggi seasoning—recognizable by its red logo and canary yellow label—has a worldwide fan base for its herb-packed flavor. Best known for its bouillon cube form, it’s also sold in bottles, and is often described as soy sauce meets Worcestershire. Chefs in America are now claiming it enough to namecheck it. At La Ventura in Manhattan, Maggi marinated olives arrive in a pool of intense sauce that has flavors of soy and the herb lovage. At Schilling in New York’s Financial District, chef Edi Frauneder uses it to spike beef reductions. Even the much-maligned MSG is coming out of time out. Chef Kevin Tien uses it for his fried chicken sandwich spot Hot Lola’s in Arlington, Va. “I like it because it tenderizes and acts as a salt,” he says. “It’s perfect for a brine.” Momofuku founder Dave Chang, another unapologetic MSG fan, has a new line of seasoned salts in such options as “tingly” and “spicy.” It adds the kind of flavor enhancement that you get from MSG, but with ingredients that are naturally high in glutamic acid, like tamari, kelp, and mushroom powder. Central European Cuisine Heats UpIt was just a matter of time before Central Europe became an inspiration for chefs—after all, it’s a cuisine that features fermented food and smoked meats. In New York, Stephen Starr’s new Veronika restaurant will highlight Hungarian and Viennese food, two areas that haven’t seen major play in the city for decades. But he’s on to something: In San Francisco, the just-opened Dear Inga pays tribute to the foods of former Eastern bloc countries with smoked sausages and stuffed cabbage alongside local beer. In Chicago, Maddon’s Post, from former Chicago Cubs manager Joe Maddon, highlights Polish cuisine. West African Ingredients ProliferateFollowing the popularity of superfood moringa, several African ingredients are lining up to be next on the hot list. The high-fiber, rice-like grain fonio has been called the “next quinoa,” but also look for protein-rich egusi seeds, which are used to thicken soups. At his Harlem restaurant Teranga, Senegalese chef Pierre Thiam adds dawadawa, a fermented locust bean that enriches many soups and stews in West Africa, to stewed kale. In 2020, when his food company Yolélé Foods releases a line of pilafs, it will be key to the one he calls Afro-funk.“Fusion” Reborn as AutobiographyWhat used to be dismissed as “fusion” cooking is now the strongest trend in the restaurant world because it allows chefs to tell their own stories, which might range from hanging out in food courts as a teenager to family fishing trips. It’s the hallmark of such chefs as Kwame Onwuachi at Kith/Kin in Washington, D.C., who uses the menu to highlight his heritage from Nigeria to New Orleans to New York. Helene An, the chef behind Los Angeles’ elite seafood spot Crustacean, offers a $225, 12-course menu at her new Da Lat Rose, which, dish by dish, tells her story of coming to the U.S. from Vietnam as a refugee in the 1970s.Disco Rules AgainIn the vein of reuse and recycle, the next generation of restaurateurs is celebrating a quintessential but unfairly maligned American soundtrack: disco. Sunset, the downstairs lounge at the just-opened Edition West Hollywood, is in full disco mode, with glittering balls hanging from the ceiling. The recently opened JJ’s Hideaway in Brooklyn specializes in disco music—light-up dance floor included. In Miami, Minnie’s Disco has become a popular pop-up at restaurant Alter. Across the border in Toronto, the no-waste Trash Tiki Collective co-founder Kelsey Ramage has opened Supernova Ballroom, which has disco as the soundtrack and coasters bearing record covers from the time period. Even eco-friendly glitter decorates its Twice on Sunday gin cocktail.To contact the author of this story: Kate Krader in New York at kkrader@bloomberg.netTo contact the editor responsible for this story: James Gaddy at jgaddy@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 2019 Review: Top Hedge Fund Stocks vs. MGM Resorts International (MGM)
    Insider Monkey

    2019 Review: Top Hedge Fund Stocks vs. MGM Resorts International (MGM)

    It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]

  • Benzinga

    Analyst: Xi's Macau Visit Bullish For Casino Stocks

    Casino stocks are finishing the year strong after investors have received good news out of Macau, China. Xi recently visited Macau to commemorate the 20th anniversary of China resuming control of Macau following 442 years of Portuguese control.

  • This Will Soon Be The Only Gambling Stock Of Its Kind In The U.S.
    Investor's Business Daily

    This Will Soon Be The Only Gambling Stock Of Its Kind In The U.S.

    Most gaming stocks rose Monday after fantasy sports and gambling company DraftKings reached a $3.3 billion deal to go public.

  • PR Newswire

    MGM Resorts International Announces Closing of Circus Circus Sale

    MGM Resorts International (the "Company" or "MGM Resorts") (NYSE: MGM) today announced that it has closed on its sale of Circus Circus Las Vegas and the 37 adjacent acres for $825 million, subject to final purchase price adjustments, to an affiliate of Treasure Island owner Phil Ruffin. The sale is part of the Company's commitment to its asset-light strategy designed to focus on MGM Resorts' core business and maximize value for its shareholders.

  • May the flop be with you: MGM National Harbor to host 2 big poker tournaments in 2020
    American City Business Journals

    May the flop be with you: MGM National Harbor to host 2 big poker tournaments in 2020

    MGM is bringing two big poker tournaments to its National Harbor casino in 2020. MGM Resorts International (NYSE: MGM) announced Tuesday its first-ever East Coast Poker Tour, which will feature events at MGM Springfield in Massachusetts, the Borgata Hotel Casino & Spa in Atlantic City, New Jersey, and MGM National Harbor. “Our East Coast Poker Tour is a great way for us to showcase three of our industry-leading properties while creating an exciting tournament series for our guests and poker enthusiasts," MGM Resorts Senior Vice President Jorge Perez said in a statement.

  • Hilton debuts new line of hotels based on wellness
    Yahoo Finance Video

    Hilton debuts new line of hotels based on wellness

    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.