I added another small slice off the bottom to my position. As many stocks it is getting way undervalued..On my chrome book, no screen shot 21.84 -1.07 -4.67% 21.31 22.58
Regarding Pro Hockey to be played at the T-Mobile Arena, I left out that MGM Resorts is a joint owner of T-Mobile Arena. Now on to Pro Football. MGM up modestly in this rally this morning Panel studying stadium plan in Vegas gets new numbers A governor's panel studying a proposal for a 65,000-seat domed stadium to lure the NFL's Oakland Raiders to Las Vegas was greeted Thursday with changing figures and a pep talk on behalf of the casino mogul backing the plan LAS VEGAS (AP) -- A day after Las Vegas won a bid for an NHL expansion team, a governor's panel studying a proposed 65,000-seat domed stadium to lure a pro football franchise was greeted Thursday with a pep talk and changing financial figures. "We are going to find a way to make this work," declared Andy Abboud, a top executive at Las Vegas Sands, the casino company headed by billionaire Sheldon Adelson, who is pushing for the Oakland Raiders to move to the city. There was no talk at the Southern Nevada Tourism Infrastructure Committee work session about whether gambling on pro sports is a good idea. In fact, some casinos around town have already begun taking bets on how the as-yet unnamed hockey team will score its first goal in its first home game next year at the newly opened T-Mobile Arena, and how many total goals the team will score in its first season. With the football stadium now projected to cost at least $1.45 billion, committee members dug into projections about a rate of return for private investors including Adelson and the crucial question of where a stadium could be built. More: http://finance.yahoo.com/news/panel...gas-gets-changing-numbers-212344555--spt.html
This is a good move for Tesla, MGM and the State of Nevada Tesla Sells $20M In Tax Credits To MGM Grand http://www.valuewalk.com/2016/06/tesla-sells-20m-tax-credits-mgm-grand/
Yeah everything did during the 2 day fallout. I took advantage of adding to my position but my bigger funds are set if Brexit pops it's head up again. I expect the eps to return to last Thursday's close or so once this fallout is over.
MGM down on Macau news. Macau has is least exposure for MGM among the big casinos as their main exposure is in Vegas and across the US. If I hadn't already loaded up from the Brexit drop I would be looking to buy.
MGM down yesterday on Macau news and up today on Macau news. Those buys during the Brexit drop starting pay off now.
Berkshire Hathaway that now owns the Nevada power company is not to happy with the major casino's in progress of providing their own power. MGM Resorts International and NRG Energy Complete the Installation of Nation's Largest Rooftop Solar Array LAS VEGAS, July 6, 2016 /PRNewswire/ -- NRG Energy, Inc. (NRG) and MGM Resorts International (MGM) today announced the completed expansion of the nation's largest rooftop solar array. On the roof of the Mandalay Bay Convention Center, the expanded solar array has more than 26,000 photovoltaic panels and produces a combined 8.3 MW dc (6.5 MW ac) of electricity, a new national record for rooftop arrays. At full production, the system supplies 25% of the power demand of the entire Mandalay Bay Resort & Casino campus. http://finance.yahoo.com/news/mgm-resorts-international-nrg-energy-130000750.html
MGM just got a upgrade on CNBC with a price target of $32. I will provide the upgrade link when it becomes available
If you scroll down from this link to the video about 1:53 in, there is the upgrade from Union Gaming http://data.cnbc.com/quotes/mgm
MGM has been up modestly on the Macau July numbers as there exposure in least among the big casino's and their new casino is delayed until 2017. The market has not caught on yet that their growth has big potential in the states. I increased my position substantially during the Brexit fall out. MGM Resorts (MGM) Stock Higher on Macau July Trends NEW YORK (TheStreet) -- Shares of MGM Resorts (MGM) are up 0.54% to $23.08 late Monday afternoon alongside other casino stocks as July trends at China's Macau gambling hub are generally upbeat. Several research firms highlighted strong Macau gaming revenue in the first 10 days of July and said results were tracking much higher than previous trends, CNBC.com reports. "According to our industry sources, based on gaming play for the first 10 days of July, gross gaming revenues in Macau for the month is estimated to be tracking up approximately 8.2% year-over-year," David Katz, an analyst at Telsey Advisory, in a research note cited by CNBC.com. https://www.thestreet.com/story/136...macau-july-trends.html?puc=yahoo&cm_ven=YAHOO
Patience is required until the market catches on but as a trader you need to do what is best for yourself. For me I am long but I will take profits accordingly Things are popping in Vegas, and MGM is going to be right in the heart of the Pro Hockey and proposed Pro football moving forward and buying out BYD on Borgata will bring in extra revs. My Brexit fallout buys put has me at a higher profit level than before Brexit but I know everyone did not want to take that risk.
Call buyers place bets on MGM Resorts Traders are playing for gains MGM Resorts by the end of this month. optionMONSTER's market scanner shows that more than 3,200 Weekly 23.50 calls expiring on July 29 were purchased for $0.55 to $0.58 yesterday. These represent new positions, as open interest in the strike was just 51 contracts before the trades appeared. http://finance.yahoo.com/news/call-buyers-place-bets-mgm-131626229.html
TTT don't hate me, but I bought some puts on 7/8: MGM AUG 19 2016 23.00 P BOUGHT TO OPEN 3 CONTRACTS OF OPTION MGM AUG 19 2016 23.00 P AT $1.06 Playing a short term downtrend.
