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Stock Market & Financial Investment News

News Breaks
December 4, 2012
18:21 EDTMGMMGM Resorts promotes Bill Hornbuckle to Chief Marketing Officer
MGM Resorts International has announced the promotion of Bill Hornbuckle to President & Chief Marketing Officer. In the newly-created position that will report to Jim Murren, Chairman & CEO of MGM Resorts International, Hornbuckle will assume expanded responsibility to include Gaming Development. "Bill Hornbuckle is widely regarded as one of the most strategic and effective leaders in the hospitality and entertainment industry," Murren said. "Since assuming the newly-created role of CMO for the company in 2010, he has been focused on growing the company's relationships with our customers and guests. He has achieved this with significant success, for example, in the creation and growth of our M life customer loyalty program," Murren added.
News For MGM From The Last 14 Days
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July 2, 2015
08:29 EDTMGMUBS shifts from cautious stance on Macau gaming after policy change
UBS said it is taking a more constructive stance on of Macau gaming names sector as it believes the recent visa policy change lowers fears on further local tightening. The firm also cited the lowered risk of large scale downgrades in the sector and valuations that support the sector, though it noted that larger upside depends on an earnings upgrade cycle. UBS said it is unattractive to take a negative sector position given the backdrop. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
July 1, 2015
06:48 EDTMGMMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
15:17 EDTMGMMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTMGMMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTMGMMacau appears to re-lengthen visas to 7 days, says Brean Capital
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June 26, 2015
09:32 EDTMGMNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 19, 2015
07:38 EDTMGMMacau official says monthly revenue could hit four year low, says Wells Fargo
Wells Fargo reports that a Macau official said that the region's gaming revenue may hit the lowest level in over four years this month. The official said that the region's June gambling revenue could be more than 20% below the average for the first five months of this year, the firm added. Wells says that Macau's gaming industry remains challenged, and it remains neutral on the sector. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN), and Melco Crown (MPEL).

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