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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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August 28, 2015
09:34 EDTMGMNevada reports July statewide gaming win down 0.96% to $922.89M
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August 21, 2015
07:17 EDTMGMMacau developments negative, says Wells Fargo
Wells Fargo says that its checks on Macau for August indicate that the region's revenues are trending flat to down this month. According to Wells, in August the region's revenues are historically up 4% versus July. The firm adds that comments by Macau casino owner Galaxy suggest that the market has not yet bottomed. Wells believes that the market has not yet stabilized and remains neutral on Macau stocks, although it remains upbeat on their long-term outlook. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
August 18, 2015
07:13 EDTMGMMacau GGR poised to sink 37% in August, says Bernstein
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