MGM - MGM Resorts International
| Previous Close | 26.53 |
| Open | 26.15 |
| Bid | 25.60 x 1100 |
| Ask | 25.91 x 3200 |
| Day's Range | 25.81 - 26.46 |
| 52 Week Range | 21.62 - 32.88 |
| Volume | 7,548,947 |
| Avg. Volume | 6,751,455 |
| Market Cap | 13.908B |
| Beta (3Y Monthly) | 1.08 |
| PE Ratio (TTM) | 55.09 |
| EPS (TTM) | 0.47 |
| Earnings Date | Jul 31, 2019 - Aug 5, 2019 |
| Forward Dividend & Yield | 0.52 (1.95%) |
| Ex-Dividend Date | 2019-06-07 |
| 1y Target Est | 33.44 |
- Reuters•2 days ago
Wynn Resorts in talks to sell $2.6 billion Massachusetts casino to MGM
Las Vegas-based Wynn received its Massachusetts license in 2013, allowing it to go ahead with building the 671-room Encore Boston Harbor in Everett, Massachusetts. A deal would be complicated for MGM, which has a casino in Springfield, as according to the state's gaming commission Massachusetts forbids companies from holding more than one casino license in the state. The Massachusetts Gaming Commission had in April fined Wynn Resorts $35 million for not disclosing sexual misconduct allegations against founder and former chief executive officer Steve Wynn, but allowed the casino operator to keep its license.
- Reuters•2 days ago
Wynn Resorts in talks to sell $2.6-billion Massachusetts casino to MGM
Las Vegas-based Wynn received its Massachusetts license in 2013, allowing it to go ahead with building the 671-room Encore Boston Harbor in Everett, Massachusetts. A deal would be complicated for MGM, which has a casino in Springfield, as according to the state's gaming commission Massachusetts forbids companies from holding more than one casino license in the state. The Massachusetts Gaming Commission had in April fined Wynn Resorts $35 million for not disclosing sexual misconduct allegations against founder and former chief executive officer Steve Wynn, but allowed the casino operator to keep its license.
Associated Press•2 days agoWynn and MGM in talks about sale of Encore Boston casino
Wynn Resorts and MGM Resorts International said in a joint statement they've engaged in conversations about the potential sale of Encore Boston Harbor. This comes as Wynn is about to open the $2.6 billion Everett, Massachusetts, casino. The companies say the talks won't delay the Everett opening scheduled for next month.
- Associated Press•2 days ago
Business Highlights
A rare mix of geopolitical tensions in the Middle East and China is tugging oil prices in opposite directions and creating uncertainty over where they might land. Deteriorating trade talks between the United States and China have threatened to drive down the cost of oil and gasoline. WASHINGTON (AP) -- Caught in a sprawling trade dispute with U.S. rival China, President Donald Trump has decided against declaring commercial war on America's friends.
- American City Business Journals•2 days ago
Wynn Resorts in talks to sell Encore Boston Harbor to MGM
With just 37 days to go before a scheduled opening, Wynn Resorts Ltd. (Nasdaq: WYNN) is considering selling its $2.6 billion Encore Boston Harbor resort in Everett to fellow Las Vegas-based gambling empire MGM Resorts International (NYSE: MGM). “Over the past several weeks, we have engaged in conversations around the potential sale of Encore Boston Harbor,” the companies said in a joint statement. As of the close of markets Friday, shares of Wynn fell 4.6 percent, while MGM stock was down 2.4 percent.
- Yahoo Finance•2 days ago
Sony launches buyback plan, Baidu reports loss, MGM Resorts may pay big
Sony, Baidu, MGM Resorts and Nissan are the companies to watch.
- Investopedia•2 days ago
Rolling the Dice on Casino Stocks Amid Trade War
Casino stocks have come under pressure as trade war tension threaten Macau revenue. Charts suggest it may be time to make a play.
Associated Press•3 days agoMGM might pay $800 million in Las Vegas shooting settlement
LAS VEGAS (AP) — Casino giant MGM Resorts told federal regulators Thursday it might pay up to $800 million to settle liability lawsuits stemming from the 2017 mass shooting in Las Vegas — the deadliest in modern U.S. history.
- MarketWatch•3 days ago
MGM Resorts estimates it may pay up to $800 million in settlement over Las Vegas mass shooting
Casino giant MGM Resorts has told federal regulators it thinks it might pay up to $800 million to settle liability lawsuits stemming from the October 2017 mass shooting that became the deadliest in modern U.S. history.
- PR Newswire•3 days ago
MGM Resorts International Ranked on Military Times' Best for Vets: Employers 2019 List
LAS VEGAS, May 16, 2019 /PRNewswire/ -- MGM Resorts International has been recognized as a leading employer for culture, recruitment and policies for veterans, service members and military families by Military Times. MGM Resorts is the only hospitality company based in Nevada to be included on the list.
- Simply Wall St.•3 days ago
What Is MGM Resorts International's (NYSE:MGM) Share Price Doing?
Today we're going to take a look at the well-established MGM Resorts International (NYSE:MGM). The company's stock...
- American City Business Journals•4 days ago
MGM Springfield's April gambling revenue dips 15 percent
MGM Springfield reported $21.8 million in gross gambling revenue in April, the $1 billion casino’s ninth month of operation.
- PR Newswire•5 days ago
Michelle Poler, Founder Of Hello Fears Social Movement Empowering Millions To Tap Into Their Full Potential, Will Speak At Las Vegas Women's Leadership Conference
The conference will be held Aug. 5-6 at MGM Grand Hotel & Casino in Las Vegas, NV. "We are excited to have Michelle share her motivational insights with our attendees," said Phyllis A. James, the company's Executive Vice President and Chief Corporate Responsibility Officer.
- Zacks•5 days ago
What's Next for DIS Stock Amid Disney, ESPN & Hulu Streaming TV Push?
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into Disney's (DIS) future as the company embarks on its streaming TV journey to challenge Netflix (NFLX) and Amazon Prime (AMZN).
- Markit•5 days ago
See what the IHS Markit Score report has to say about MGM Resorts International.
MGM Resorts International NYSE:MGMView full report here! Summary * Perception of the company's creditworthiness is neutral but weakening * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is expanding 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 | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding MGM totaled $8.59 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a weakening bias over the past 1-month. Although MGM credit default swap spreads are rising, indicating the market's more negative perception of the company's credit worthiness, they are still comfortably within the range of the last three years.Please send all inquiries related to the report to score@ihsmarkit.com.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.
- PR Newswire•5 days ago
Borgata Hotel Casino & Spa Launches Sports Wagering Platform BorgataSports.com
Bet on sports anywhere in New Jersey with new website and mobile app ATLANTIC CITY, N.J. , May 14, 2019 /PRNewswire/ -- Borgata Hotel Casino & Spa announced today the introduction of its new digital ...
- Zacks•5 days ago
Boyd Gaming's YTD Shares Surge 36.5%: More Room for Growth?
Boyd Gaming (BYD) relies on expansion and acquisition to drive top-line growth while high debt level is a pressing concern.
- Barrons.com•5 days ago
MGM Stock Has Stalled, but Director Paul Salem Bets Millions It Will Come Back
Paul Salem, senior managing director emeritus of private equity firm Providence Equity Partners, bought $20.3 million of the casino giant’s stock last week.
- Investopedia•6 days ago
10 Blue Chip Stocks With Biggest Exposure To China Tariffs
A large number of large American corporations have based their revenue growth strategies on expanding dramatically in China, a market of seemingly limitless growth and a population of 1.4 billion - more than four times bigger than the U.
- Benzinga•7 days ago
Notable Insider Buys This Past Week: Annaly Capital, MGM and More
Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. MGM Resorts International (NYSE: MGM) saw a director last week acquire 80,000 shares of this Las Vegas-based hospitality and entertainment company. At share prices ranging from $25.07 to $25.69, the transaction totaled more than $20.32 million.
- PR Newswire•10 days ago
MGM Resorts International Announces Founding Sponsorship Of Nonprofit Foundation To Advance Gender Equality
LAS VEGAS, May 9, 2019 /PRNewswire/ -- Today MGM Resorts International announced that it will serve as founding sponsor of a newly formed nonprofit Foundation for Women's Leadership & Empowerment, dedicated to women's leadership education and empowerment. The new foundation is expected to expand the footprint of the successful Annual Women's Leadership Conference, historically presented by The MGM Resorts Foundation in Las Vegas to other cities around the country.
- CNBC Videos•2 days ago
Wynn exploring sale of Encore Boston Harbor to MGM
CNBC's Contessa Brewer reports on news that Wynn is looking to selling Encore Boston Harbor. The company recently faced a $35 million fine from the Boston gaming commission after allegations that the company ignored numerous reports of sexual misconduct by former CEO Steve Wynn.
- Yahoo Finance Video•2 days ago
News on the Move: MGM Will Pay Up, Same-Sex Marriage Legalized in Taiwan, Grumpy Cat Passes Away
Yahoo Finance's Adam Shapiro runs through today's top headlines.
