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MGM Resorts International (MGM.N)

MGM.N on New York Stock Exchange

31.14USD
18 Jun 2018
Change (% chg)

$-0.09 (-0.29%)
Prev Close
$31.23
Open
$30.98
Day's High
$31.16
Day's Low
$30.84
Volume
190,044
Avg. Vol
2,115,150
52-wk High
$38.41
52-wk Low
$29.54

Latest Key Developments (Source: Significant Developments)

MGM Resorts International Prices $1 Bln In Senior Notes
Thursday, 14 Jun 2018 

June 14 (Reuters) - MGM Resorts International ::MGM RESORTS INTERNATIONAL PRICES $1,000,000,000 IN SENIOR NOTES.MGM RESORTS INTERNATIONAL - OFFERING OF NOTES WAS UPSIZED FROM ORIGINALLY ANNOUNCED AGGREGATE PRINCIPAL AMOUNT OF $500 MILLION.MGM RESORTS INTERNATIONAL - PRICED UPSIZED PUBLIC OFFERING OF $1 BILLION OF 5.750% SENIOR NOTES DUE 2025 AT PAR.  Full Article

CityCenter Says Will Seek To Raise $200 Million In New Incremental Term Loan
Monday, 30 Apr 2018 

April 30 (Reuters) - MGM Resorts International ::CITYCENTER ANNOUNCES LAUNCH OF INCREMENTAL TERM LOAN.CITYCENTER HOLDINGS SAYS WILL SEEK TO RAISE $200 MILLION IN AN INCREMENTAL TERM LOAN UNDER ITS EXISTING SENIOR SECURED CREDIT AGREEMENT.CITYCENTER HOLDINGS - TO USE PROCEEDS OF INCREMENTAL TERM LOAN, CASH ON HAND, TO PAY DIVIDEND OF $400 MILLION TO ITS SHAREHOLDERS.  Full Article

MGM Resorts International Reports Q1 Earnings Per Share $0.38
Thursday, 26 Apr 2018 

April 26 (Reuters) - MGM Resorts International ::REPORTS FIRST QUARTER FINANCIAL AND OPERATING RESULTS.Q1 EARNINGS PER SHARE $0.38.Q1 EARNINGS PER SHARE VIEW $0.29 -- THOMSON REUTERS I/B/E/S.QTRLY NET REVENUES DECREASED 1% OVER PRIOR YEAR QUARTER AT DOMESTIC RESORTS TO $2.1 BILLION.FOR REMAINDER OF YEAR, EXPECT CONTINUED DISRUPTION AT MONTE CARLO AND ADDITIONAL TIME TO RECOVER AT MANDALAY BAY.QTRLY NET REVENUES DECREASED 1% OVER PRIOR YEAR QUARTER AT COMPANY'S DOMESTIC RESORTS TO $2.1 BILLION.MGM RESORTS - ADDITIONALLY IN Q2, CANCELLATION OF A "MAJOR PRIZE FIGHT" IN MAY MODERATES EXPECTATIONS, PARTICULARLY AT LUXURY PROPERTIES.QTRLY REVPAR DECREASED 4.3% COMPARED TO PRIOR YEAR QUARTER AT COMPANY'S LAS VEGAS STRIP RESORTS.EXPECT Q2 LAS VEGAS STRIP NET REVENUE TO BE UP SLIGHTLY AND LAS VEGAS STRIP REVPAR TO INCREASE 1 TO 3 PERCENT.QTRLY REVENUE $2.82 BILLION VERSUS $2.71 BILLION REPORTED LAST YEAR.Q1 REVENUE VIEW $2.82 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY DOMESTIC RESORTS ROOMS REVENUE DECREASED 5% COMPARED TO PRIOR YEAR QUARTER.MGM RESORTS - EPS FOR Q1, INCLUDES A NON-CASH INCOME TAX BENEFIT OF $0.13 AND $0.04 DUE TO REVERSAL OF MACAU SHAREHOLDER DIVIDEND TAX ACCRUALS.MGM RESORTS - IN H2, CITYWIDE CONVENTION ATTENDANCE IS EXPECTED TO BE UP, WITH Q3 FACING A DIFFICULT COMPARISON YOY, OFFSET BY GROWTH IN Q4.  Full Article

CityCenter Announces Entry Into Definitive Agreement To Sell The Mandarin Oriental Las Vegas
Thursday, 26 Apr 2018 

April 26 (Reuters) - MGM Resorts International ::CITYCENTER ANNOUNCES ENTRY INTO DEFINITIVE AGREEMENT TO SELL THE MANDARIN ORIENTAL LAS VEGAS.CITYCENTER HOLDINGS, LLC - DEAL FOR APPROXIMATELY $214 MILLION IN CASH.  Full Article

Wynn Resorts In Early Talks To Sell Boston-Area Casino Project To MGM- WSJ
Thursday, 12 Apr 2018 

April 12 (Reuters) - :WYNN RESORTS IN EARLY TALKS TO SELL BOSTON-AREA CASINO PROJECT TO MGM - WSJ, CITING SOURCES.  Full Article

Tracinda Places Order To Sell 10 Million Shares Of MGM Resorts International's Common Stock
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Mgm Resorts International ::TRACINDA CORP - ON DEC 4, TRACINDA PLACED AN ORDER TO SELL 10 MILLION SHARES OF MGM RESORTS INTERNATIONAL'S COMMON STOCK AT $33.89 PER SHARE - SEC FILING.TRACINDA CORP - TRANSACTION IN MGM RESORTS INTERNATIONAL'S SHARES IS EXPECTED TO BE SETTLED ON DEC 7, 2017.TRACINDA CORP - IN CONNECTION WITH THE SALE, TRACINDA HAS AGREED TO A 45-DAY LOCK-UP PERIOD WITH RESPECT TO MGM RESORTS INTERNATIONAL'S COMMON STOCK.TRACINDA CORP SAYS IT CONTINUES TO BELIEVE THERE IS SUBSTANTIAL VALUE IN ASSETS OF MGM RESORTS AND COMPANY IS A GOOD LONG TERM INVESTMENT.  Full Article

MGM Resorts International Q3 earnings per share $0.26
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - MGM Resorts International :MGM Resorts International reports third quarter financial and operating results.Q3 earnings per share $0.26.Q3 same store sales rose 2 percent.Q3 earnings per share view $0.34 -- Thomson Reuters I/B/E/S.Casino revenue for Q3 of 2017 increased 32% compared to prior year quarter​.Qtrly ‍REVPAR growth of 4.2% over prior year quarter at company's Las Vegas Strip resorts​.Qtrly MGM China​ ‍net revenues of $471 million, a 6% decrease.Qtrly ‍domestic resorts rooms revenue increased 7% compared to prior year quarter​.Qtrly revenue $2.83 billion versus $2.52 bln‍​ (excluding promotional allowances).Q3 revenue view $2.77 billion -- Thomson Reuters I/B/E/S.  Full Article

MGM Resorts says recommends rejection of mini-tender offer by TRC Capital
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - MGM Resorts International :MGM Resorts International recommends rejection of mini-tender offer by TRC Capital Corporation‍​.MGM Resorts-got notice of unsolicited “mini-tender” offer by TRC Capital Corporation to purchase up to 3 million shares of co at $29.50/share in cash‍​.MGM Resorts - TRC capital offer is for approximately 0.52 percent of co's outstanding common stock.  Full Article

MGM Resorts ‍announces appointment of Jason P. Hyland as President of MGM Resorts Japan​
Tuesday, 8 Aug 2017 

Aug 8 (Reuters) - Mgm Resorts International ::Says ‍announced appointment of Jason P. Hyland as representative officer and president of MGM Resorts Japan​.Says ‍MGM Resorts Japan to relocate office from Akasaka to Otemachi, Tokyo; to open new office in Central Business District on Sept 1, 2017​.  Full Article

MGM Resorts International - playmgm.com platform now offers real-money online gaming in New Jersey
Thursday, 3 Aug 2017 

Aug 3 (Reuters) - Mgm Resorts International :Its playmgm.com platform now offers real-money online gaming in New Jersey.  Full Article

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Authorities across Asia battle illegal gambling surge ahead of World Cup

HONG KONG Law enforcement and regulatory forces in Asia say they are gearing up to fight illegal gambling operators who have ramped up activities in the region ahead of the World Cup, making use of savvy technology and cryptocurrencies to evade prosecution. | Video