New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 26, 2013
14:42 EDTMGAMMultimedia Games gets approval from Nevada Gaming Commission for MForce
Multimedia Games (MGAM) announced that its new gaming platform, MForce, has received final approval from the Nevada Gaming Commission, representing a key milestone in the company’s entry into Nevada. With the approval from the Nevada Gaming Commission, Multimedia Games can immediately begin performance field trials with any casino operators in Nevada that run either the IGT Advantage or Bally ACSC slot management systems. The company said it expects to record initial unit sales and recurring revenue placements in the second half of fiscal 2013 and plans to submit eight additional video titles in the next several weeks for approval, which the company expects to receive in its fiscal third quarter. Multimedia Games also said it plans to commence additional technical field trials of its MForce platform and game titles in the state in the coming weeks. These technical trials will be with casino operators that use the Bally SDS system and Aristocrat Oasis system.
News For MGAM From The Last 14 Days
Check below for free stories on MGAM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 11, 2014
13:31 EDTMGAMRumor: Multimedia Games strength attributed to takeover speculation
September 9, 2014
10:10 EDTMGAMOn the Fly: Analyst Downgrade Summary
Subscribe for More Information
08:53 EDTMGAMGlobal Cash shares undervalued, says Sterne Agee
Subscribe for More Information
08:02 EDTMGAMMultimedia Games downgraded to Neutral from Buy at Buckingham
Subscribe for More Information
07:06 EDTMGAMGlobal Cash Access upgraded at Stifel
As noted earlier, Stifel upgraded Global Cash Access (GCA) to Buy from Hold. The firm upgraded the stock based on the company's acquisition of Multimedia Games (MGAM), which the firm conservatively estimates will be 20%+ accretive. Stifel also cited valuation as a reason for the upgrade. Target $10.
September 8, 2014
16:18 EDTMGAMOn The Fly: Closing Wrap
Subscribe for More Information
15:02 EDTMGAMMultimedia Games downgraded to Neutral from Buy at Sidoti
Subscribe for More Information
12:18 EDTMGAMOn The Fly: Midday Wrap
Subscribe for More Information
09:12 EDTMGAMOn The Fly: Pre-market Movers
Subscribe for More Information
07:31 EDTMGAMMultimedia Games volatility expected to move on Global Cash Access purchase
Multimedia Games (MGAM) volatility is expected to move on Global Cash Access (GCA) purchasing for $36.50 per share, for an aggregate purchase price of approximately $1.2B in cash. Overall option implied volatility of 41 is near its 26-week average of 42 according to Track Data, suggesting non-directional price movement.
07:10 EDTMGAMGlobal Cash Access to acquire Multimedia Games for $36.50 per share
Subscribe for More Information
07:09 EDTMGAMGlobal Cash Access to acquire Multimedia Games for $36.50 per share
September 6, 2014
17:47 EDTMGAMMultimedia Games looks inexpensive, Barron's says
Multimedia Games trades at 5.9 times FY15 estimated EBITDA, has a 6% free cash flow yield, and looks inexpensive, Barron's contends in a feature article. Shares could be worth $40-$45 in a takeover, the paper adds, citing Chris Mittleman, Chief Investment Officer at Mittleman Brothers.Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use