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Stock Market & Financial Investment News

News Breaks
June 10, 2014
08:16 EDTMGMMGM Resorts likely to get Springfield icense this week, says FBR Capital
FBR Capital notes the Massachusetts Gaming Commission is meeting this week to issue the sole Western Massachusetts license, with MGM Resorts being the only bidder. FBR believes MGM is likely to get the license, and it estimates an annual EBITDA contribution of $125M for the project. The firm has an Outperform rating on the stock with a $35 price target.
News For MGM From The Last 14 Days
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March 3, 2015
06:44 EDTMGMMacau gambling revenue fell 49% in February, NY Times reports
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06:43 EDTMGMMacau reports February casino revenue down 48.6% to 19.54B patacas
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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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