|Day's Range||1.1800 - 1.1800|
More than $10 billion dollars has been wagered on sports so far this year, and our sister site Yahoo Sports is getting in the game. Yahoo Sportsbook launched Thursday allowing users to see odds for a range of sports. Yahoo FInance’s Adam Shapiro, Julie Hyman and Dan Howley discuss with Verizon Media CEO Guru Gowrappan.
An increase in visitation in the Las Vegas market, solid long-term prospects of Macau business and the company's focus on non-gaming activities bode well for MGM Resorts (MGM).
Gambling revenue in the Chinese territory of Macau dropped 8.5% in November year on year, hit by lacklustre demand from high roller gamblers due to slowing economic growth amid the ongoing Sino-U.S. trade war and protests in neighbouring Hong Kong. November's figure of 22.9 billion patacas ($2.8 billion), the second weakest figure this year, comes as some high roller players delay trips to Macau, analysts said. While protests in the Asian financial hub of Hong Kong have caused transport disruption and deterred travel to the former British colony and then on to Macau, analysts and executives say the impact on gaming revenues has been minimal.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]
MGM Resorts International (NYSE: MGM) is proud to reach the milestone of donating more than 1 million meals through its Feeding Forward program, which safely recovers unserved food from conventions, mini bars and warehouses to help feed those in Southern Nevada suffering from food insecurity. In addition, the company has donated over 500,000 meals through Restaurant Week and Backpacks for Kids, which are also part of Feeding Forward. The food donation portion of the program started in 2016 and works as a partnership with Three Square food bank.
Fenway Sports Group’s real estate subsidiary, which will own the new venue, released renderings of the performing arts center, dubbed the MGM Music Hall at Fenway.
LAS VEGAS , Nov. 19, 2019 /PRNewswire/ -- MGM Resorts International (the "Company" or "MGM Resorts") (NYSE:MGM) today announced award-winning diversity, inclusion and sustainability ...
Following the redemption of the Notes, no Notes will remain outstanding. On or before December 18, 2019, the Notes should be presented to U.S. Bank National Association, as paying agent for the redemption, at the address set forth in each Notice of Redemption for the applicable series of Notes.
Blackstone Real Estate Income Trust (“BREIT”) and MGM Resorts International (“MGM Resorts”) (MGM) today announced the closing of the previously announced 95%/5% BREIT-led joint venture with MGM Resorts to acquire the real estate assets of the Bellagio for $4.25 billion in a sale-leaseback transaction. As part of the transaction, MGM Resorts has leased the property from the joint venture and continues to manage, operate and be responsible for all aspects of the property on a day-to-day basis. Weil, Gotshal & Manges LLP served as legal counsel to MGM Resorts and PJT Partners and J.P. Morgan served as financial advisors to MGM Resorts.
Star-Studded Audience Enjoys Strip's Newest Production LAS VEGAS , Nov. 15, 2019 /PRNewswire/ -- Last night, Nov. 14, 2019 , Luxor Hotel and Casino hosted the world premiere of the Strip's newest production, ...
(Bloomberg) -- MGM Resorts International and MGM Growth Properties LLC are seeking an investor for a joint venture that would own at least two prominent Las Vegas properties, according to people with knowledge of the matter.The duo have solicited interest in the MGM Grand Hotel & Casino and the Mandalay Bay Resort & Casino from investors that have historically bet on gaming properties, said the people, who requested anonymity because the talks are private. A representative for MGM Resorts declined to comment and representatives for MGM Growth Properties didn’t immediately respond to requests for comment.MGM Resorts created the real estate investment trust MGM Growth in 2016 and sold a minority interest to the public. The REIT owns most of MGM Resorts’ casinos and leases them back to the company to operate.MGM to Pay Up to $800 Million to Vegas Mass-Shooting VictimsThe Mandalay Bay is one of 13 properties owned by MGM Growth according to a filing. The MGM Grand, one of few properties still owned by MGM Resorts, is expected to be sold by the end of the year, the company said last month. The transaction would mark one of the final steps toward its goal of becoming an “asset-light” casino operator.Last month, it agreed to sell the Bellagio to Blackstone Group in a $4.25 billion deal and the Circus Circus casino to real estate mogul Phil Ruffin.To contact the reporters on this story: Gillian Tan in New York at firstname.lastname@example.org;Christopher Palmeri in Los Angeles at email@example.comTo contact the editors responsible for this story: Alan Goldstein at firstname.lastname@example.org, Craig GiammonaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Insider buying can be an encouraging signal for potential investors. A new chief executive officer at a Dow Jones industrial purchased shares this week. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit.
The ongoing pro-democracy protests in Hong Kong have ravaged the region and are threatening the safety and livelihood of residents — and businesses.
LAS VEGAS, Nov. 7, 2019 /PRNewswire/ -- In celebration of America's service members, MGM Resorts International will host "A Salute to the Troops" honoring more than 80 wounded warriors and their guests over Veterans Day weekend. In its ninth year, the five-day program in collaboration with American Airlines and the USO of Metropolitan Washington-Baltimore (United Service Organizations), USO Camp Pendleton and USO Las Vegas will be an extended weekend of relaxation, entertainment and sightseeing for active duty service members traveling from the Washington, D.C., and southern California areas.
Stocks Jump On Report of Dismount Off Tariff High Horse Maybe. Tomorrow, news could change again. China and the United States have reportedly agreed to cancel tariffs in phases. This was reported not by the Trump Administration, but by the Chinese commerce ministry, which maybe gives it a better chance of being true rather than […]The post Market Morning: Tariff Truce, Disney Defends, Colorado Legalizes Betting, SoftBank Plummets appeared first on Market Exclusive.