MGM 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
Check below for free stories on MGM the last two weeks.
Macau estimates lowered at Morgan Stanle Morgan Stanley lowered Macau 2014 growth estimates to 6% from 12% and 2015 to 11% from 12.5% due to expectations for VIP trends to continue to deteriorate given the China macro impact and notes slowing mass growth rates.