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News Breaks
November 5, 2009
11:18 EDTMGM
theflyonthewall.com: MGM Mirage sees signs of improvement in the Las Vegas
MGM is encouraged with what it saw in Q3 but it is are not out of the woods yet. A recovery in convention and business travel is key to increasing rates. And based on early bookings it looks to MGM like that is achievable in the 2H10 and throughout 2011. Lead volume was up dramatically in Q3, up 9% versus last quarter which signals corporations are starting to move out of their retrenchment mode and getting back out in front of their customers. Conversion rates are rising and cancellations rates are decreasing. MGM is also working hard to reverse damage as a result of the rhetoric out of Washington. The company has more books, more leads than almost ever before in the pipeline for 2010 and beyond and is tarting to see a lot of last minute searches for 2010. These comments were made from the Q3 earnings conference call. :theflyonthewall.com



News For MGM From The Last 14 Days
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February 13, 2012
08:24 EDTMGM
theflyonthewall.com: MGM Resorts Int'l announces proposed private offering by CityCenter Holdings

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February 9, 2012
09:34 EDTMGM
theflyonthewall.com: Nevada reports December Las Vegas Strip gaming win up 3.61% to $518.44M
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09:32 EDTMGM
theflyonthewall.com: Nevada reports December gaming win up 2.05% to $855.66M

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February 6, 2012
10:44 EDTMGM
theflyonthewall.com: On The Fly: Analyst Downgrade Summary

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06:03 EDTMGM
theflyonthewall.com: MGM Resorts downgraded to Neutral from Buy at Goldman
Goldman downgraded MGM Resorts based on valuation. Price target remains $14.50. :theflyonthewall.com

February 3, 2012
11:45 EDTMGM
theflyonthewall.com: Florida destination gambling bill heard by subcommittee today, Sun Sentinel says

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January 31, 2012
08:02 EDTMGM
theflyonthewall.com: BofA/Merrill's gaming analyst holds an analyst/industry conference call

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