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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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April 14, 2015
14:05 EDTMGMNJ Gaming reports March total Win $203.9M vs. $199.3M a year ago
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April 9, 2015
08:31 EDTMGMMGM Resorts and Infinity World announce approval of $400M special dividend
MGM Resorts and Infinity World Development announced a special dividend and the adoption of an annual distribution policy by CityCenter Holdings. CityCenter approved a $400M special dividend, which will be paid on or about April 30, 2015. The owners will each receive $200M, representing their pro rata share. In addition, CityCenter has approved the adoption of a regular dividend policy pursuant to which it will make annual distributions of up to 35% of excess cash flow subject to approval by the CityCenter board.

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