29.44 +0.06 (0.20%)
After hours: 4:59PM EDT
|Bid||29.10 x 1000|
|Ask||29.38 x 4000|
|Day's Range||29.02 - 29.50|
|52 Week Range||21.62 - 31.66|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||62.51|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||0.52 (1.79%)|
|1y Target Est||33.09|
The MGM Springfield casino generated less than $20 million in gross gaming revenue during the month of June, reflecting its second worst month since it opened nearly a year ago.
In the first eight days that Encore Boston Harbor was open, gamblers wagered more than $93.5 million on the slot machines alone at the Everett casino and the Wynn Resorts operation counted $16.79 million in total revenue, or more than $2 million a day.
William Priest, a Barron’s panelist and CEO of Epoch Investment Partners, says the trade war between the U.S. and China is “a lose-lose proposition.”
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into the latest news from the world of legalized sports gambling and esports.
LAS VEGAS , July 8, 2019 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will release its financial results for the second quarter 2019 after the market closes on Thursday, July 25, 2019 . MGM Resorts ...
At its announced 5,000 jobs, Amazon would be more than twice the size of the largest private employers downtown today.
The gambling capital of the world, Macau, China, a region that brings in more than 5 times the gambling revenue of Las Vegas, has American casino investors at the edge of their seats.
Macau—the world’s largest gaming hub in Chinese territory—posted expectations-beating revenue for the past month. The region’s gaming industry reported total revenue rose 5.9% in June from a year earlier—nearly double the 1% to 3% increase analysts had expected.
Macau, China's lone gaming region and the largest gaming hub in the world, saw gaming revenue jump 5.9% in June from a year earlier to $2.95 billion and in turn was lifting shares of gaming companies with exposure to the region.
Gambling revenue in the Chinese territory of Macau rose 5.9% in June year on year, as sentiment to gamble saw an uptick in the world's largest gambling hub. June's figure was 23.8 billion patacas ($2.95 billion), according to Macau's Gaming Inspection and Coordination.
Health care companies featured prominently in the week's insider purchases. MGM Resorts International (NYSE: MGM) had a director continue to make indirect share purchases this past week. MGM stock rose about 2% in the past week, while the S&P 500 was essentially flat.
We take a numerical look through this week's Morningstar research. Plus, our most popular articles and videos for the week ended June 28.
LAS VEGAS, June 27, 2019 /PRNewswire/ -- MGM Resorts has been named an honoree of The Civic 50 by Points of Light, the world's largest organization dedicated to volunteer service. The award recognizes MGM Resorts as one of the 50 most community-minded companies in the United States, according to a national standard for superior corporate citizenship that showcases how companies can use their time, skills and resources for positive impact on their communities. The Civic 50 honorees were announced at the Points of Light Conference in St. Paul, Minnesota where corporate citizenship leaders from across the country gathered to discuss social innovation, civic engagement and cross-sector collaboration.
Although we think Eldorado Resorts' domestic casinos could enjoy a mid-single-digit revenue gain from being added to Caesars' 55 million-member loyalty program once the deal is completed in the first half of 2020, we see only a handful of Eldorado's 26 facilities overlapping with MGM Resorts' MGM Mississippi and Atlantic City properties. In total, we calculate that these three Eldorado facilities can produce around $200 million in revenue this year and see around a mid-single-digit percentage lift to sales with the integration of Caesars' loyalty program, based on past results from Caesars' integrations.
"As a combined company, Caesars and Eldorado will be America's preeminent gaming company," activist investor Carl Icahn said of the deal he helped reach fruition. "ERI has proven its ability to execute and VICI has positioned itself to continue growing, both of which are consistent with our theses," Jefferies analyst David Katz said.
While Las Vegas Sands (LVS) has an edge over MGM Resorts (MGM) in terms of projected EPS, the latter has a better debt-to-asset ratio.
The largest Insider Buys this week were for Lowe's Companies Inc., Energy Transfer LP, Occidental Petroleum Corp and MGM Resorts International
More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed to pay promised legal costs.
Marriott is under fire, facing a lawsuit from the Washington D.C. Attorney General over 'deceptive' resort fees. Yahoo Finance's Zack Guzman and Sibile Marcellus are joined by Michael Block of Third Seven Advisors to discuss.