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.
Macau reports January casino revenue down 21.4% to 18.67B patacas Macau's gaming bureau reported January casino revenue in the region fell 21.4% to 18.67B patacas. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN), and Melco Crown (MPEL).