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MGM - MGM Resorts International

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Apr 4, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau.

    [​IMG]
     
  2. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM Growth to start marketing year's biggest U.S. IPO next week -sources
    April 8 (Reuters) - Real estate investment trust MGM Growth Properties LLC will start marketing its U.S. initial public offering to investors on Monday, in a road show targeting as much as $1.2 billion in the largest IPO so far this year, sources said on Friday.

    More
    https://finance.yahoo.com/news/mgm-growth-start-marketing-years-184009974.html
     
    T0rm3nted likes this.
  3. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM to IPO MGM Growth Properties
    MGM Resorts International (NYSE:MGM; Market Capitalization: $13.0 billion) is on track to optimize its real estate portfolio through formation of a captive REIT, MGM Growth Properties LLC (MGP). We expect MGM to price MGP’s IPO on April 19, 2016.

    To read more you need to flip through the pages
    http://www.forbes.com/sites/joecorn...mpaign=yahootix&partner=yahootix#7adbd2392296
     
  4. Tiptopptrader

    Tiptopptrader Well-Known Member

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    UPDATE 1-MGM Growth raises $1.05 billion in IPO
    April 19 (Reuters) - Real estate investment trust MGM Growth Properties LLC said on Tuesday it had raised $1.05 billion in its U.S. initial public offering, in the latest sign that investors are becoming more receptive to new stock market flotations.

    More
    http://finance.yahoo.com/news/1-mgm-growth-raises-1-004218723.html
     
  5. Tiptopptrader

    Tiptopptrader Well-Known Member

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    I put a bid in near the LOD, I think MGM is a good candidate for a little pop after all the smoke clears from LVS. May adjust before the day ends.

    upload_2016-4-21_9-15-9.png
     
  6. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM Resorts International Announces First Quarter 2016 Earnings Release Date
    LAS VEGAS, April 22, 2016 /PRNewswire/ -- MGM Resorts International (MGM) will release the Company's financial results for the first quarter 2016 before the market opens on Thursday, May 5, 2016. The Company will host a conference call that day at 11:00 a.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session.

    The call will be accessible via the Internet through www.mgmresorts.com under the Investors section or by calling 1-888-317-6003 for domestic callers and 1-412-317-6061 for international callers. The conference call access code is 6743176.
    http://finance.yahoo.com/news/mgm-resorts-international-announces-first-123000856.html
     
  7. Tiptopptrader

    Tiptopptrader Well-Known Member

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  8. Tiptopptrader

    Tiptopptrader Well-Known Member

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  9. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (5/5/16)
    Earnings: EPS $0.16 Revenue $2.21B
    Estimates: EPS $0.13 Revenue $2.31B

    Down 0.05% in pre-market
     
  10. Tiptopptrader

    Tiptopptrader Well-Known Member

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  11. T0rm3nted

    T0rm3nted Moderator
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    MGM China May Delay Opening of Cotai Casino Beyond First Quarter
    MGM China Holdings Ltd. reported revenue fell 25 percent in the first quarter and said the planned opening of its new casino in Macau’s Cotai area may be delayed beyond the previous target for the end of the first quarter next year.

    Read full article here: http://bloom.bg/1WbxdHu
     
  12. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM figured away to up their rev's at the cost of the tourist's and locals as well. I am sure the other big gaming resorts will do the same.

    Paid parking on Vegas Strip starts in June with many rules
    Drivers should come prepared for a long list of rules attached to MGM Resorts International's game-changing move to charge for parking on the Las Vegas Strip starting in June

    LAS VEGAS (AP) -- Drivers were given a long list of rules Thursday involving MGM Resorts International's game-changing move to charge for parking on the Las Vegas Strip.

    Sin City's largest hotel-casino operator has said the changes will go into effect beginning on June 6 at some properties, with all of its facilities falling in line by June 13.

    The per-day fee for self-parking will be $8 and valet parking will be $13 a day at Monte Carlo, Luxor and Excalibur. Circus Circus valet will also charge $13 a day while self-parking will remain free.

    MGM's higher-end properties, including the Bellagio, Aria, MGM Grand, Mandalay Bay, Mirage and New York-New York, will charge $10 for self-parking and $18 for valet parking per day. The Vdara and Delano, which do not offer self-park, also will charge the higher rate for valet.

    The fees being implemented shake up a long-held entitlement on the Strip. MGM said it's using the money to make upgrades to its parking structures and build a 3,000-space parking garage that will open next year on the Excalibur property.


    "It's just going to become the new normal and there's still going to be a lot of people upset about this but these are changes that reflect the current reality here," MGM spokesman Gordon Absher said.

    The first hour of self-parking will be free to accommodate brief errands such as ticket purchases or pick-ups. Those parking for less than four hours will get a discounted rate.

    Drivers will have to stop at a pay kiosk with a long list of payment options.

    "If you look at the whole of it, it does seem confusing because there are a lot of options," Absher said. "But if you start to narrow it down...it's much more manageable."

    Hotel guests can use their room key, with the charges billed to their room.

    Nevadans will get a break through Dec. 29 with free-self parking for up to 24 hours. To get the benefit, drivers will have to scan their driver's license at the gate.

    Absher said the company only scans the driver's license barcode to ensure it's valid and does not access any personal information.

    Absher said the kiosk system has been tested with MGM's T-Mobile Arena event parking process since April.

    There will be a call center available for anyone who has issues with the system or their hotel key card, reward card, driver's license or parking ticket.
    http://finance.yahoo.com/news/paid-parking-vegas-strip-starts-224308330.html
     
  13. Tiptopptrader

    Tiptopptrader Well-Known Member

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    MGM Resorts Wins Big Payday With Las Vegas Properties
    May 17 -- Jim Murren, chairman and chief executive officer at MGM Resorts International, discusses business in Las Vegas and Macau, the upcoming resort in the Washington, DC area, and why consumers show no signs of a U.S. recession. He speaks on "Bloomberg ‹GO›
    https://finance.yahoo.com/video/mgm-resorts-wins-big-payday-123233667.html
     
  14. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Will MGM Resorts (MGM) Stock Be Helped as JPMorgan Sees 34% Upside?
    NEW YORK (TheStreet) -- Shares of MGM Resorts Int'l (MGM) closed lower by 0.88% to $21.51 Thursday even though JPMorgan sees about 34% upside from Macau and the company's U.S. real estate, Barron's reports.

    JPMorgan reaffirmed its "overweight" rating and $29 price target on the stock and said the sum of the company's diverse geographic holdings is not reflected in its stock price.
    https://www.thestreet.com/story/135...an-sees-34-upside.html?puc=yahoo&cm_ven=YAHOO
     
  15. Tiptopptrader

    Tiptopptrader Well-Known Member

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    upload_2016-5-24_8-31-17.png

    MGM National Harbor Unveils Sophisticated Suite Collection
    NATIONAL HARBOR, Md., May 24, 2016 /PRNewswire/ -- MGM National Harbor has revealed the designs for its premier suite offerings at the $1.3 billion resort, set to open in the fourth quarter of 2016. Complementing the modern elegance of the resort, the suite designs - developed by Studio GAIA - draw inspiration from the forest and water elements native to the Maryland area and feature stunning views of the surrounding landscape.
    http://finance.yahoo.com/news/mgm-national-harbor-unveils-sophisticated-141700988.html
     
  16. Tiptopptrader

    Tiptopptrader Well-Known Member

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  17. Gil Oren

    Gil Oren Brew Master
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    MGM still hungry for acquisitions I see.
     
  18. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Looks like the market liked the news on MGM yesterday about buying out BYD's part of Borgata but also some mixed projection on Macau

    upload_2016-6-2_7-11-6.png
     
  19. Tiptopptrader

    Tiptopptrader Well-Known Member

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  20. Tiptopptrader

    Tiptopptrader Well-Known Member

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