MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau.
MGM Growth to start marketing year's biggest U.S. IPO next week -sources April 8 (Reuters) - Real estate investment trust MGM Growth Properties LLC will start marketing its U.S. initial public offering to investors on Monday, in a road show targeting as much as $1.2 billion in the largest IPO so far this year, sources said on Friday. More https://finance.yahoo.com/news/mgm-growth-start-marketing-years-184009974.html
MGM to IPO MGM Growth Properties MGM Resorts International (NYSE:MGM; Market Capitalization: $13.0 billion) is on track to optimize its real estate portfolio through formation of a captive REIT, MGM Growth Properties LLC (MGP). We expect MGM to price MGP’s IPO on April 19, 2016. To read more you need to flip through the pages http://www.forbes.com/sites/joecorn...mpaign=yahootix&partner=yahootix#7adbd2392296
UPDATE 1-MGM Growth raises $1.05 billion in IPO April 19 (Reuters) - Real estate investment trust MGM Growth Properties LLC said on Tuesday it had raised $1.05 billion in its U.S. initial public offering, in the latest sign that investors are becoming more receptive to new stock market flotations. More http://finance.yahoo.com/news/1-mgm-growth-raises-1-004218723.html
I put a bid in near the LOD, I think MGM is a good candidate for a little pop after all the smoke clears from LVS. May adjust before the day ends.
MGM Resorts International Announces First Quarter 2016 Earnings Release Date LAS VEGAS, April 22, 2016 /PRNewswire/ -- MGM Resorts International (MGM) will release the Company's financial results for the first quarter 2016 before the market opens on Thursday, May 5, 2016. The Company will host a conference call that day at 11:00 a.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. The call will be accessible via the Internet through www.mgmresorts.com under the Investors section or by calling 1-888-317-6003 for domestic callers and 1-412-317-6061 for international callers. The conference call access code is 6743176. http://finance.yahoo.com/news/mgm-resorts-international-announces-first-123000856.html
I am not saying MGM is going to beat tomorrow but the Analysts are wrong on there reasoning. DOW down 110 points (MGM) Stock Lower as Analysts Expect Q1 Decline http://www.thestreet.com/story/1355...m-stock-lower-as-analysts-expect-q1-drop.html
MGM beats 1Q profit forecasts http://finance.yahoo.com/news/mgm-beats-1q-profit-forecasts-124831420.html
Reported before open today (5/5/16) Earnings: EPS $0.16 Revenue $2.21B Estimates: EPS $0.13 Revenue $2.31B Down 0.05% in pre-market
MGM China May Delay Opening of Cotai Casino Beyond First Quarter MGM China Holdings Ltd. reported revenue fell 25 percent in the first quarter and said the planned opening of its new casino in Macau’s Cotai area may be delayed beyond the previous target for the end of the first quarter next year. Read full article here: http://bloom.bg/1WbxdHu
MGM figured away to up their rev's at the cost of the tourist's and locals as well. I am sure the other big gaming resorts will do the same. Paid parking on Vegas Strip starts in June with many rules Drivers should come prepared for a long list of rules attached to MGM Resorts International's game-changing move to charge for parking on the Las Vegas Strip starting in June LAS VEGAS (AP) -- Drivers were given a long list of rules Thursday involving MGM Resorts International's game-changing move to charge for parking on the Las Vegas Strip. Sin City's largest hotel-casino operator has said the changes will go into effect beginning on June 6 at some properties, with all of its facilities falling in line by June 13. The per-day fee for self-parking will be $8 and valet parking will be $13 a day at Monte Carlo, Luxor and Excalibur. Circus Circus valet will also charge $13 a day while self-parking will remain free. MGM's higher-end properties, including the Bellagio, Aria, MGM Grand, Mandalay Bay, Mirage and New York-New York, will charge $10 for self-parking and $18 for valet parking per day. The Vdara and Delano, which do not offer self-park, also will charge the higher rate for valet. The fees being implemented shake up a long-held entitlement on the Strip. MGM said it's using the money to make upgrades to its parking structures and build a 3,000-space parking garage that will open next year on the Excalibur property. "It's just going to become the new normal and there's still going to be a lot of people upset about this but these are changes that reflect the current reality here," MGM spokesman Gordon Absher said. The first hour of self-parking will be free to accommodate brief errands such as ticket purchases or pick-ups. Those parking for less than four hours will get a discounted rate. Drivers will have to stop at a pay kiosk with a long list of payment options. "If you look at the whole of it, it does seem confusing because there are a lot of options," Absher said. "But if you start to narrow it down...it's much more manageable." Hotel guests can use their room key, with the charges billed to their room. Nevadans will get a break through Dec. 29 with free-self parking for up to 24 hours. To get the benefit, drivers will have to scan their driver's license at the gate. Absher said the company only scans the driver's license barcode to ensure it's valid and does not access any personal information. Absher said the kiosk system has been tested with MGM's T-Mobile Arena event parking process since April. There will be a call center available for anyone who has issues with the system or their hotel key card, reward card, driver's license or parking ticket. http://finance.yahoo.com/news/paid-parking-vegas-strip-starts-224308330.html
MGM Resorts Wins Big Payday With Las Vegas Properties May 17 -- Jim Murren, chairman and chief executive officer at MGM Resorts International, discusses business in Las Vegas and Macau, the upcoming resort in the Washington, DC area, and why consumers show no signs of a U.S. recession. He speaks on "Bloomberg ‹GO› https://finance.yahoo.com/video/mgm-resorts-wins-big-payday-123233667.html
Will MGM Resorts (MGM) Stock Be Helped as JPMorgan Sees 34% Upside? NEW YORK (TheStreet) -- Shares of MGM Resorts Int'l (MGM) closed lower by 0.88% to $21.51 Thursday even though JPMorgan sees about 34% upside from Macau and the company's U.S. real estate, Barron's reports. JPMorgan reaffirmed its "overweight" rating and $29 price target on the stock and said the sum of the company's diverse geographic holdings is not reflected in its stock price. https://www.thestreet.com/story/135...an-sees-34-upside.html?puc=yahoo&cm_ven=YAHOO
MGM National Harbor Unveils Sophisticated Suite Collection NATIONAL HARBOR, Md., May 24, 2016 /PRNewswire/ -- MGM National Harbor has revealed the designs for its premier suite offerings at the $1.3 billion resort, set to open in the fourth quarter of 2016. Complementing the modern elegance of the resort, the suite designs - developed by Studio GAIA - draw inspiration from the forest and water elements native to the Maryland area and feature stunning views of the surrounding landscape. http://finance.yahoo.com/news/mgm-national-harbor-unveils-sophisticated-141700988.html
Good move for MGM MGM Buys Boyd Gaming's Share Of Borgata For $900 Million http://www.forbes.com/sites/darrenh...mpaign=yahootix&partner=yahootix#7615abf8519d
Looks like the market liked the news on MGM yesterday about buying out BYD's part of Borgata but also some mixed projection on Macau
Looks like we have a little of a breakout here, running in a down market for a few days. MGM Resorts (MGM) Stock Closes Up, Analysts View Borgata Acquisition Postively https://www.thestreet.com/story/135...isition-postively.html?puc=yahoo&cm_ven=YAHOO
MGM took a big hit earlier in the day but rebounded to only lose 4 cents. I looked to add to my position but missed by a few cents. CNBC analysts on gaming with MGM and WYNN the pick of the better plays http://finance.yahoo.com/video/bet-casino-stocks-174900246.html
