|Bid||0.00 x 800|
|Ask||0.00 x 1800|
|Day's Range||25.97 - 26.74|
|52 Week Range||21.62 - 36.80|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||32.21|
|Earnings Date||Apr 24, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||0.52 (1.96%)|
|1y Target Est||34.15|
LAS VEGAS, March 22, 2019 /PRNewswire/ -- CityCenter Holdings, LLC ("CityCenter"), a venture between MGM Resorts International (MGM) and Infinity World Development Corp ("Infinity World"), today announced that the CityCenter Board of Directors approved a $180 million dividend consisting of a $116 million special dividend and a $64 million dividend as part of its annual dividend policy. The $180 million dividend is expected to be paid by the end of the second quarter of 2019. MGM Resorts and Infinity World will each receive $90 million, their 50% share of the dividend.
The Conservatory takes guests on a cultural journey through many of the most vibrant elements associated with the Land of the Rising Sun, including delicate cherry blossoms, elegant butterflies and thousands of fresh tulips, calla lilies and chrysanthemums. Butterflies, a sign of good luck in love in Japanese culture, are found flitting throughout the display, while a traditional tea house honors the grace, etiquette and hospitality of the age-old Japanese tea ceremony. "Incorporating a replica of the stunning Osaka Castle into our Conservatory allows us the unique opportunity to share a piece of Japanese culture with tens of thousands of visitors each day," said Jim Murren, Chairman and CEO of MGM Resorts International.
Major League Soccer said on Tuesday that Roar Digital LLC, a joint venture between MGM Resorts International and GVC Holdings PLC, would be its exclusive sports betting partner, the league's first. "Major League Soccer is proud to partner with MGM Resorts to bring existing and new fans close to our sport in innovative and immersive ways," MLS Commissioner Don Garber said in the statement. Marketing rights are also included, with the sportsbook operators allowed to post visible signs for more than 100 nationally broadcast MLS games.
NEW YORK, March 19, 2019 /PRNewswire/ -- MGM Resorts International (MGM) and Major League Soccer (MLS) today announced a historic multi-year strategic partnership that establishes MGM Resorts as the league's first official gaming partner and Roar Digital (Roar), the joint venture between MGM and GVC, as the exclusive Official Sports Betting Partner of MLS.
Performances of gambling stocks over the last five trading disappoint, thanks to concerns over Macau gaming revenues, slowdown in China and the trade war between Beijing and Washington.
Analysts have speculated on a merger between the two in the past, as Eldorado owns 26 properties across the U.S. and Caesars is one of the dominant casino companies in Las Vegas.
Companies that loaded up on debt while interest rates were at historic lows are now facing due dates that they may struggle to meet.
LAS VEGAS (AP) — MGM Resorts International has been authorized to continue operating casinos in the Chinese gambling enclave of Macau.
Casinos in Los Angeles witnessed a rebound in the last quarter of 2018. Moreover, conventional traffic at such casinos is likely to improve this year.
March 15 (Reuters) - MGM China Holdings Ltd: * MGM RESORTS INTERNATIONAL ANNOUNCES EXTENSION OF MACAU GAMING SUB-CONCESSION TO JUNE 2022 * MGM RESORTS INTERNATIONAL- MGM GRAND PARADISE ENTERED INTO SUB-CONCESSION ...
Macau, the world's largest gambling hub, has extended casino licences for MGM China and SJM Holdings until 2022, bringing them on par with other operators, authorities in the Chinese territory said on Friday. The Macau government said the MGM and SJM's licences, set to expire in 2020, would be extended for another two years with both operators required to pay a one-off fee of 200 million patacas ($25 million). The licence extensions in the only part of China where casinos are allowed will give authorities more time to consider how to diversify the gambling-dependent economy.
March 15 (Reuters) - MGM China Holdings Ltd: * SUB-CONCESSION EXTENSION CONTRACT HAS BEEN APPROVED AND AUTHORIZED BY MACAU GOVERNMENT AND EXECUTED BETWEEN SJM AND MGM GRAND PARADISE * MGM GRAND PARADISE ...
LAS VEGAS, March 15, 2019 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") (MGM) announced today that on March 14, 2019, MGM Grand Paradise Limited ("MGM Grand Paradise"), a wholly owned subsidiary of MGM China Holdings Limited ("MGM China"), an indirect majority-owned subsidiary of MGM Resorts, and Sociedade de Jogos de Macau, S.A. ("SJMSA") entered into a Sub-Concession Extension Contract (the "Extension Agreement"), pursuant to which the gaming sub-concession of MGM Grand Paradise, which is due to expire on March 31, 2020, would be extended to June 26, 2022, which coincides with the expiration date of all the other concessionaires and sub-concessionaires. "We are grateful for the support of the Macau government to have authorized and extended our sub-concession to now align with the rest of the market," said Jim Murren, Chairman and Chief Executive Officer of MGM Resorts and Chairperson of MGM China.
HONG KONG, March 15 (Reuters) - Macau's government said on Friday it has extended casino concession licences for MGM China and SJM Holdings until 2022 in the world's largest gambling hub. The government ...
Are casino REITs a good investment? There are some big governance and growth issues you need to think about first. Here's one casino REIT that stands out.
New York state is facing a budget crunch, and casino lobbyists say they have a solution: expand gambling options in and around New York City. Representatives of Las Vegas Sands Corp. traveled to Albany last week to meet with leaders of the state Senate. MGM Resorts purchased the Empire City Casino in Yonkers earlier this year, and on Tuesday its executives met with legislators from the area.
MGM Resorts International NYSE:MGMView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for MGM with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold MGM had net inflows of $1.58 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 | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. MGM credit default swap spreads are within the middle of their range for the last three years.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.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains discusses reports that Amazon (AMZN) is looking to buy the YES Network from Disney (DIS) as it tries to expand its streaming sports business. The episode then dives into Chinese e-commerce giant Alibaba's (BABA) new NBA partnership, before checking out the latest sports betting news.
MGM Resorts International's (NYSE:MGM) latest earnings announcement in December 2018 suggested that the business endured a major headwind with earnings deteriorating by -77%. Below, I've presented key growth figures onRead More...