|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||35.27 - 35.66|
|52 Week Range||28.57 - 38.41|
|PE Ratio (TTM)||10.56|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||0.48 (1.40%)|
|1y Target Est||40.35|
MGM Resorts International MGM has partnered with Chicago-based Invenergy to develop a 100 megawatt (MW) solar array 25 miles north of Las Vegas. The facility, dubbed the MGM-Invenergy Solar Project, will be operational by the end of 2020, Invenergy said in a statement Thursday. MGM Resorts will buy all the energy produced by the facility to help power its 13 properties on the Las Vegas Strip.
Along a three-kilometre (2-mile) stretch of coastline in central Vietnam, construction cranes are digging up mounds of sand and rubble where the country's biggest casino is set to open next year. Driving the project is Suncity Group Holdings Ltd, which has made billions luring high-rollers – mainly from China - to the baccarat tables in the Chinese territory of Macau. Vietnam is betting big on developing a gambling industry, targeting the Chinese tourists who have been flocking to the country in recent years.
LAS VEGAS, April 19, 2018 /PRNewswire/ -- MGM Resorts International (MGM) and Chicago-based Invenergy, North America's largest independent renewable energy company, have partnered on a new solar photovoltaic array, which will generate 100 megawatts of clean, renewable energy. The MGM-Invenergy Solar Project will be located 25 miles north of Las Vegas and MGM Resorts will purchase all the energy generated by the project to help power its 13 properties on the Las Vegas Strip.
Wynn Resorts moved into buy range while Las Vegas Sands stock jumped Wednesday. Morgan Stanley made bullish comments on both Macau-heavy casino stocks.
MGM Resorts International (NYSE:MGM) saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $38.03 and falling to the lows ofRead More...
MGM Resorts might buy Wynn Resorts, Limited's Boston Harbor resort. Meanwhile, Penn National was given a green signal by The Illinois Gaming Board for the pending buyout of Pinnacle Entertainment.
LAS VEGAS, April 16, 2018 /PRNewswire/ -- MGM Resorts International (the "Company" or "MGM Resorts") (MGM), along with its venture partner, today announced the execution of a definitive agreement to sell the Grand Victoria Casino in Elgin, Illinois, of which a subsidiary of the Company owns a 50% interest, to Eldorado Resorts, Inc. (ERI) for $327.5 million in cash, subject to a working capital adjustment. MGM Resorts will receive its 50 percent share of the net proceeds after certain transaction costs, or approximately $162 million. The Company acquired its 50 percent interest in Grand Victoria Casino in connection with its acquisition of Mandalay Resort Group in 2005.
Wynn Resorts Ltd. Chief Executive Officer Matt Maddox said he remains committed to finishing the $2.5 billion casino the company is building in the Boston area but also wants to “maximize the value of ...
The city of Las Vegas hosts more than 21,000 conferences a year, gatherings that collectively draw 6.3 million delegates from around the world to gamble, drink, and frolic between program sessions. Hosting a convention in Las Vegas is a win-win for organizers and city officials alike. The organization gets to dangle the venial delights of…
Wynn Resorts has been in talks to sell its partially built Boston-area casino project to rival MGM Resorts International, as Massachusetts regulators continue their investigation into the company’s handling ...
Wynn Resorts Ltd., reeling from allegations of sexual misconduct by its founder, discussed a possible sale of its $2.5 billion casino under construction in the Boston area with MGM Resorts International, ...
Casino operator Wynn Resorts Ltd is in talks to sell its partially built Boston Harbor resort to rival MGM Resorts International, the Wall Street Journal reported https://www.wsj.com/articles/wynn-resorts-in-early-talks-to-sell-boston-area-casino-project-to-mgm-1523556165?mod=searchresults&page=1&pos=1, citing people familiar with the matter. The Boston Harbor resort is scheduled to open next year and would cost about $2.5 billion to build. A spokesman for MGM said while the company was committed to the "opening and success of MGM Springfield", it does not comment on rumor or speculation.
The Wall Street Journal report said the talks concern solely the Wynn Boston Harbor property in Everett “and no other parts of the company’s gambling empire.”
April 12 (Reuters) - * WYNN RESORTS IN EARLY TALKS TO SELL BOSTON-AREA CASINO PROJECT TO MGM - WSJ, CITING SOURCES Source text: https://on.wsj.com/2GSw5be Further company coverage:
Macau gaming tax revenue was up nearly 25% in the first two months of the year, and Jefferies’ David Katz writes that his research shows that April gross gaming revenue (GGR) trends are off to a solid start—not that the market will be paying much attention. For his part, Instient’s Harry Curtis is also upbeat about Macau’s recent performance. Curtis is still modeling for 18% GGR growth for April as a whole, some 150 basis points above the Street average, and calls Wynn, MGM, and Melco Resorts (MLCO) more attractive than Las Vegas Sands on an average 2019 earnings before interest, taxes, depreciation and amortization basis.
In China’s southernmost province of Hainan, inside a glittering skyscraper shaped like a sail, Zeng Xianyun has been waiting for Xi Jinping, in more ways than one.