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NEWS & PR
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PR Newswire (Mon, 4:05PM)
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PR Newswire (Mon, 10:23AM)
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PR Newswire (May 16, 2013)
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MGM Is Best Bet On Las Vegas Strip RecoveryMark Thomas • Wed, May 15
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PR Newswire (May 14, 2013)
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PR Newswire (May 13, 2013)
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PR Newswire (May 13, 2013)
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PR Newswire (May 9, 2013)
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MGM Is Best Bet On Las Vegas Strip RecoveryMark Thomas • Wed, May 15
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Buying MGM After The Earnings MissAaron Murdock • Mon, Nov 5, 2012
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4 Reasons MGM Shares Should Be Bought On This DipTrade In Mexico • Thu, May 10, 2012
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MGM Resorts: A Very High Debt Load Raises Risk Profile Of StockAlex Shadunsky • Fri, Mar 30, 2012
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MGM MIRAGE Q4 2008 Earnings Call TranscriptSat, Mar 21, 2009 • 1 Comment
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MGM MIRAGE Q2 2008 Earnings Call TranscriptTue, Aug 5, 2008
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MGM Mirage Q1 2008 Earnings Call TranscriptTue, May 6, 2008
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MGM MIRAGE Q4 2007 Earnings Call TranscriptThu, Feb 21, 2008
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MGM Mirage Q3 2007 Earnings Call TranscriptionTue, Oct 30, 2007
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MGM Mirage Q2 2007 Earnings Call TranscriptThu, Aug 2, 2007
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PR Newswire (Mon, 4:05PM)
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PR Newswire (Mon, 10:23AM)
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PR Newswire (May 16, 2013)
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PR Newswire (May 14, 2013)
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PR Newswire (May 13, 2013)
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PR Newswire (May 13, 2013)
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PR Newswire (May 9, 2013)
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at MarketWatch.com (May 2, 2013)
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PR Newswire (May 2, 2013)
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at CNBC.com (May 1, 2013)
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PR Newswire (May 1, 2013)
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PR Newswire (Apr 25, 2013)
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PR Newswire (Apr 22, 2013)
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at CNBC.com (Apr 18, 2013)
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PR Newswire (Apr 17, 2013)
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PR Newswire (Apr 10, 2013)
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at CNBC.com (Apr 3, 2013)
MGM vs. ETF Alternatives
Company Description
MGM MIRAGE is one of the world’s leading and most respected companies with significant holdings in gaming, hospitality and entertainment. We believe the resorts we own, manage, and invest in are among the world’s finest casino resorts. MGM MIRAGE is a Delaware corporation that acts largely as a... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, May 23, 8:06 AM Macau-sensitive stocks could swing lower as a subpar reading on China PMI casts doubts on the strength of the economy in the nation. Any type of sustained slowdown in China would rattle the sector with double-digit gaming revenue from Macau baked into valuations. On watch: MGM, MPEL, WYNN, LVS. Comment! [Consumer]
- Wednesday, May 22, 3:10 PM Growth in Macau isn't showing any signs of slowing down after shooting to $38B last year (6X more than Las Vegas) as a double-digit growth pace has become the norm in 2013. After a lot of consternation over a drop in VIP revenue, casinos in the region have proven adept at diversifying their customer base. New transportation infrastructure and the growing number of Macau hotel rooms are two more revenue drivers for gaming firms Melco Crown (MPEL -0.9%), Las Vegas Sands (LVS -1.2%), Wynn Resorts (WYNN -0.2%), Galaxy Entertainment (GXYEF.PK), and MGM Resorts (MGM -2.6%). Comment! [Consumer]
- Monday, May 20, 1:54 PM The latest batch of data on gambling revenue from Macau looks promising with the average daily rate over a 7-day tracking period ending yesterday coming in ahead of expectations. If the MTD trend holds, May could be Macau's second best month and help boost the bottom lines for Melco Crown (MPEL +2.4%), Wynn Resorts (WYNN +1.4%), MGM Resorts (MGM +1.5%), and Las Vegas Sands (LVS +0.3%) during the quarter. Comment! [Consumer]
- Thursday, May 16, 6:41 AM MGM Resorts (MGM) says it expects MGM China to see a pickup in VIP gaming business and that double-digit growth in the sector is sustainable. The company's top man in Macau says the recent leadership change in China hasn't created a negative impact on business. Comment! [Consumer]
- Wednesday, May 15, 7:42 AM Nomura increases its estimate for 2013 Macau gaming revenue to 15% growth from a previous forecast calling for a 13% gain. Estimates for the calendar year from investment firms carry a little more weight now with the revenue haul from Golden Week and the Chinese New Year factored in more accurately. The revised forecast is positive for Macau-sensitive stocks such as Melco Crown (MPEL), Las Vegas Sands (LVS), MGM Resorts (MGM), and Wynn Resorts (WYNN). 2 Comments [Consumer]
- Tuesday, May 14, 11:11 AM MGM Resorts (MGM +1.3%) enters into a strategic agreement with China State Construction Engineering to help build its Cotai project through subsidiaries. The casino complex is scheduled to be finished in the first half of 2016. Comment! [Consumer]
- Monday, May 13, 8:32 AM Nomura is out with a series of price target hikes for gaming stocks on the back of a new report on Macau which "compares the supply demand outlook today … with that of Las Vegas in 1990-2005." Price target rundown: Wynn Resorts (WYNN) to $155 from $147, Penn National (PENN) to $66 from $60, MGM to $16 from $13.50, Boyd (BYD) to $9 from $7, and Las Vegas Sands (LVS) to $67 from $62. 3 Comments
- Thursday, May 9, 2:38 PM More on Sterne Agee's call on MGM Resorts (MGM +3.7%) (previous): Analyst David Bain thinks the Las Vegas side of the company's is nearly completely ignored as Macau hogs center stage. After crunching the numbers, Bain values MGM China at $14, essentially leaving the U.S. business trading for scraps. 2 Comments [Consumer]
- Thursday, May 9, 8:03 AM Sterne Agree upgrades MGM Resorts (MGM) to a Buy rating and sets a $19 price target on shares. Comment! [Consumer]
- Tuesday, May 7, 1:20 PM Analysts are already out with early estimates for gaming revenue in Macau for May. Wells Fargo sees a 13% to 17% increase to potentially pass the $3.75B mark - to easily beat the sub-$1B Vegas casinos will bring in. Naturally, the news is of interest to Melco Crown (MPEL -1.4%), MGM Resorts (MGM -0.5%), Las Vegas Sands (LVS +0.3%), Wynn Resorts (WYNN +0.5%) with every passing month seeing a higher percentage of the group's total revenue Macau-based. 3 Comments [Consumer, Global & FX]
- Thursday, May 2, 9:27 AM More on MGM Resorts' (MGM) Q1: Revenue for casinos in the U.S. improved 3% while MGM China was up 6% Y/Y. Just seeing a profit on the bottom line is enough to lift the spirit of investors, MGM +5.1% premarket. (PR) Comment! [Consumer, Earnings]
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Thursday, May 2, 9:10 AM
Premarket gainers: REGI +23%. CAAS +18%. YELP +12%. MWW +10%. GNRC +9%. NIHD +7%. BZH +7%. GILD +6%. MGM +5%.
Losers: CIG -13%. VLO -7%. TS -6%. 2 Comments [On the Move] - Thursday, May 2, 8:34 AM MGM Resorts (MGM): Q1 EPS of $0.01. Revenue of $2.4B (+3% Y/Y) beats by $0.06B. (PR) Comment! [Earnings, Breaking News]
- Thursday, May 2, 12:05 AM Notable earnings before Thursday’s open: ABMD, ACOR, ACT, AEE, ANR, ANSS, ARG, ARQL, ATK, AYR, BDBD, BDX, BEAM, BGCP, BZH, CAH, CEVA, CHD, CI, CME, CNP, CPN, CTRX, DIN, DNR, EL, ELNK, FIG, FLY, FNP, FWLT, GEL, GG, GIL, GM, GNRC, GOLD, HAR, HK, HSH, INCY, INGR, IP, IRDM, IT, ITT, K, LF, LQDT, LXP, MDC, MFC, MGI, MGM, MMC, MMP, MWW, NIHD, NNN, NUS, OCN, OGE, OXF, OZM, PCG, PPL, PWR, PXP, RGLD, RNO, SBH, SFY, SHPG, SNI, SPR, SRE, STRA, TEVA, VMC, VRX, WNR, WPX, WWE, XEL Comment! [Earnings]
- Wednesday, May 1, 5:30 PM Notable earnings before Thursday’s open: ABMD, ACOR, ACT, AEE, ANR, ANSS, ARG, ARQL, ATK, AYR, BDBD, BDX, BEAM, BGCP, BZH, CAH, CEVA, CHD, CI, CME, CNP, CPN, CTRX, DIN, DNR, EL, ELNK, FIG, FLY, FNP, FWLT, GEL, GG, GIL, GM, GNRC, GOLD, HAR, HK, HSH, INCY, INGR, IP, IRDM, IT, ITT, K, LF, LQDT, LXP, MDC, MFC, MGI, MGM, MMC, MMP, MWW, NIHD, NNN, NUS, OCN, OGE, OXF, OZM, PCG, PPL, PWR, PXP, RGLD, RNO, SBH, SFY, SHPG, SNI, SPR, SRE, STRA, TEVA, VMC, VRX, WNR, WPX, WWE, XEL Comment! [Earnings]
- Wednesday, May 1, 10:48 AM Springfield, Massachusetts Mayor Domenic Sarno says the city picked MGM Resorts (MGM -3.5%) over Penn National Gaming (PENN -0.4%) as its candidate to land the sole casino license in the western part of the state. The next step will be approval by voters in a referendum. Comment! [Consumer]