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Stock Market & Financial Investment News

News For MGM From The Last 14 Days
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August 4, 2015
08:07 EDTMGMMGM Resorts reports Q2 MGM China net revenue $557M
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08:06 EDTMGMMGM Resorts announces profit growth plan
The Profit Growth Plan includes a significant number of opportunities to enhance our business operations. The plan is expected to result in $300M of annualized Adjusted EBITDA benefit. The Profit Growth Plan commenced in July 2015 and it is expected to begin to show results as early as the second half of 2015 and be fully realized by the end of 2017.
08:05 EDTMGMMGM Resorts reports Q2 rooms revenue at domestic resorts up 6%
Rooms revenue at wholly owned domestic resorts increased 6% with a 6% increase in REVPAR at the company's Las Vegas Strip resorts compared to the prior year quarter; MGM China's net revenue was $557 million and Adjusted EBITDA was $132 million, decreases of 33% and 37%, respectively, compared to the prior year quarter; and CityCenter's Adjusted EBITDA related to resort operations was $84 million, a 4% increase compared to the prior year quarter.
08:05 EDTMGMMGM Resorts reports Q2 EPS 17c, consensus 11c
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August 3, 2015
14:59 EDTMGMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include CVS Health (CVS), consensus $1.20... Regeneron (REGN), consensus $2.77... Aetna (AET), consensus $1.82... Emerson Electric (EMR), consensus 83c... Kellogg (K), consensus 92c... Charter (CHTR), consensus 36c... MGM Resorts (MGM), consensus 11c... Coach (COH), consensus 30c... Hyatt Hotels (H), consensus 46c... Scripps Networks (SNI), consensus $1.26... Office Depot (ODP), consensus 6c.
06:50 EDTMGMMacau reports July casino revenue down 34.5% to 18.62B patacas
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July 30, 2015
11:26 EDTMGMMGM Resorts August weekly volatility elevated into Q2 and outlook
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July 28, 2015
10:00 EDTMGMNevada reports June statewide gaming win down 8.4% to $830.94M
Reports June Las Vegas Strip gaming win down 16.3% to $445.51M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
July 23, 2015
07:32 EDTMGMLas Vegas Sands results encouraging, says Stifel
After Las Vegas Sands (LVS) reported higher than expected Macau property-level EBITDA, Stifel says that the beat should cause analysts to raise their estimates for the company. The firm adds that the results are encouraging for all "Macau-centric operators." It raised its price target on Las Vegas Sands to $65 from $60 and keeps a Buy rating on the shares. Other companies with a major presence in Macau include Melco Crown (MPEL), Wynn Resorts (WYNN), and MGM (MGM).
July 22, 2015
19:02 EDTMGMOn The Fly: After Hours Movers
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