New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 14, 2014
06:01 EDTMGMMGM's Mandalay Bay Resort to pay $500K fine in drug sting, AP reports
MGM's (MGM) Mandalay Bay Resort in Las Vegas will pay a fine of $500,000 following a drug sting, the Associated Press reports. The proposed settlement by the Nevada Gaming Control Board is awaiting approval by the Nevada Gaming Commission. Reference Link
News For MGM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 2, 2015
12:11 EDTMGMJPMorgan says Macau view largely unchanged after visa news, June numbers
JPMorgan views Macau's gaming revenue for June as modestly positive given that it was down less than the prior month and better than Street expectations. The firm also said the visa policy easing news was a surprising, but welcome, development, but that its view on the Macau names was largely unchanged following the news.
11:16 EDTMGMUBS 'constructive' on Macau names after restrictions eased
Subscribe for More Information
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
Subscribe for More Information
June 30, 2015
15:17 EDTMGMMacau visa change does not signal a change in policy, says Wells Fargo
Subscribe for More Information
12:50 EDTMGMMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
Subscribe for More Information
12:44 EDTMGMMacau appears to re-lengthen visas to 7 days, says Brean Capital
Subscribe for More Information
June 26, 2015
09:32 EDTMGMNevada reports May Statewide gaming win up 3.33% to $1.0B
Subscribe for More Information
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).

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