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Stock Market & Financial Investment News

News Breaks
June 11, 2014
17:12 EDTMGMMGM Springfield to be awarded Massachusetts casino license, AP says
The Massachusetts Gaming Commission voted to award MGM Springfield the state’s first casino license pending acceptance by MGM of a number of proposed conditions, says AP. Reference Link
News For MGM From The Last 14 Days
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July 2, 2015
12:11 EDTMGMJPMorgan says Macau view largely unchanged after visa news, June numbers
JPMorgan views Macau's gaming revenue for June as modestly positive given that it was down less than the prior month and better than Street expectations. The firm also said the visa policy easing news was a surprising, but welcome, development, but that its view on the Macau names was largely unchanged following the news.
11:16 EDTMGMUBS 'constructive' on Macau names after restrictions eased
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08:29 EDTMGMUBS shifts from cautious stance on Macau gaming after policy change
UBS said it is taking a more constructive stance on of Macau gaming names sector as it believes the recent visa policy change lowers fears on further local tightening. The firm also cited the lowered risk of large scale downgrades in the sector and valuations that support the sector, though it noted that larger upside depends on an earnings upgrade cycle. UBS said it is unattractive to take a negative sector position given the backdrop. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
July 1, 2015
06:48 EDTMGMMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
15:17 EDTMGMMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTMGMMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTMGMMacau appears to re-lengthen visas to 7 days, says Brean Capital
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June 26, 2015
09:32 EDTMGMNevada reports May Statewide gaming win up 3.33% to $1.0B
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