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News Breaks
April 15, 2014
08:01 EDTMGMMGM Resorts and Hakkasan Group form joint venture hotel management company
MGM Resorts International and Hakkasan Group announced the formation of a joint venture hotel management company, to be named MGM Hakkasan Hospitality. The strategic alliance will focus on the design, development and management of luxury non-gaming hotels, resorts and residential offerings under the Bellagio, Hakkasan, MGM Grand and SKYLOFTS brands in key international gateway cities and prime resort destinations across the globe. All of the hotel and resort projects currently under development by each group will be contributed to the joint venture, including MGM projects in the Americas, the Middle East, and Asia; and Hakkasan projects in Abu Dhabi and Dubai.
News For MGM From The Last 14 Days
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February 27, 2015
09:35 EDTMGMNevada reports January statewide gaming win up 7.75% to $952.7M
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February 26, 2015
08:29 EDTMGMDeutsche cuts 2015 Macau growth forecast to down 21.4%
Deutsche Bank lowered its 2015 Macau gross gaming revenue forecast to down 21.4% from down 8.4% saying the demand issues will not be solved by expanding capacity. The firm's confidence in a Macau turnaround remains "muted," but it continues to view shares of MGM Resorts (MGM) as "meaningfully undervalued." It views Buy-rated Wynn Resorts (WYNN) as better suited for longer term investors at this stage, and lowered its price target for the stock to $170 from $176. Deutsche also cut its price target for Hold-rated Las Vegas Sands (LVS) to $49 from $53.
February 25, 2015
09:36 EDTMGMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL HPQ PBR FSLR MRVL TSLA LVS ABX TWTR MGM
February 24, 2015
09:52 EDTMGMMacau to review mainland’s individual visit scheme, Macau Business Daily says
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February 18, 2015
09:55 EDTMGMMGM Resorts likelihood of REIT restructuring low, says Sterne Agee
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February 17, 2015
18:06 EDTMGMPaulson & Co gives quarterly update on stakes
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17:50 EDTMGMMGM Resorts CEO says unclear about Macau in short term
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17:47 EDTMGMMGM Resorts CEO says owns more Las Vegas real estate 'than anybody'
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16:00 EDTMGMOptions Update; February 17, 2015
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12:15 EDTMGMMGM Resorts rises as REIT discussed on earnings call
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11:54 EDTMGMMGM Resorts says exploring REIT structure
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08:07 EDTMGMMGM China board to recommend final 2014 dividend of $120M
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08:06 EDTMGMMGM Resorts reports Q4 casino revenue related to domestic resorts up 5%
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08:06 EDTMGMMGM Resorts reports Q4 EPS (70c), may not be comparable to consensus 6c
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07:17 EDTMGMMGM Resorts volatility elevated into Q4 and outlook
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