MGM Resorts price target raised to $30 from $26 at Credit Suisse Credit Suisse raised MGM Resorts estimates following the strong Q4 report. The firm continues to view MGM as the most compelling investment for a Vegas recovery and Macau Growth. Shares are Outperform rated.
MGM Resorts and Infinity World announce approval of $400M special dividend MGM Resorts and Infinity World Development announced a special dividend and the adoption of an annual distribution policy by CityCenter Holdings. CityCenter approved a $400M special dividend, which will be paid on or about April 30, 2015. The owners will each receive $200M, representing their pro rata share. In addition, CityCenter has approved the adoption of a regular dividend policy pursuant to which it will make annual distributions of up to 35% of excess cash flow subject to approval by the CityCenter board.