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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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May 20, 2015
08:37 EDTMGMMorgan Stanley to hold a conference
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May 19, 2015
16:39 EDTMGMLand and Buildings will not nominate slate at MGM 2015 annual meeting
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06:02 EDTMGMMGM Resorts signs agreement with Revionics
Revionics announced that MGM Resorts International has signed a multi-year agreement for Revionics Price Optimization to enhance retail pricing strategies throughout its U.S. properties, including Bellagio, MGM Grand, Mandalay Bay, The Mirage and other properties.
May 15, 2015
07:43 EDTMGMGlass Lewis recommends MGM investors endorse Land & Buildings nominee
Land and Buildings Investment Management announced that Glass, Lewis & Co., an independent proxy voting advisory firm, has recommended that shareholders of MGM Resorts International vote on the GOLD proxy card to elect nominee Matthew Hart, saying: “In light of the company's prevalent shareholder return underperformance and undervaluation relative to peers, as well as lingering concerns with respect to capital allocation, financial discipline, accountability and overall boardroom culture, we believe the Dissident has established a case for change at the board level... In our view, L&B has presented a compelling opportunity for MGM to unlock substantial value through a potential REIT conversion and additional measures which would further de-lever the balance sheet." Jonathan Litt, Founder and CIO of Land and Buildings, said, “The fact that Glass Lewis is endorsing one of our nominees sends a clear message that change is needed in the MGM boardroom in order to deliver value for all shareholders. We are extremely gratified that Glass Lewis has agreed with so many of the points we have brought to light throughout this campaign, and encourage shareholders to follow the Glass Lewis recommendation and vote on the Gold proxy card.”
05:43 EDTMGMWynn Resorts downgraded to Equal Weight from Overweight at Barclays
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May 13, 2015
10:40 EDTMGMMGM Resorts says ISS recommends shareholders vote for all company nominees
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10:26 EDTMGMISS endorses all of MGM nominees in proxy fight, CNBC's Faber reports
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May 12, 2015
07:50 EDTMGMWells Fargo to hold a conference
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