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MGM Resorts International (MGM.N)

MGM.N on New York Stock Exchange

36.07USD
18 Jan 2018
Change (% chg)

$-0.47 (-1.29%)
Prev Close
$36.54
Open
$36.40
Day's High
$36.45
Day's Low
$35.83
Volume
2,132,748
Avg. Vol
1,663,738
52-wk High
$36.65
52-wk Low
$25.15

Latest Key Developments (Source: Significant Developments)

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

MGM Resorts says through GPM's unit, Pansy Ho acquired 4 mln shares of co's Tracinda Corp
Thursday, 1 Sep 2016 

MGM Resorts International : Company has been informed that through GPM's unit, Pansy Ho acquired 4 million shares of co's stock from Tracinda Corp .Pansy Ho owns approximately 4.8 pct of outstanding common stock of company.  Full Article

MGM Resorts prices $500,000,000 in senior notes
Tuesday, 16 Aug 2016 

MGM Resorts International : MGM Resorts International prices $500,000,000 in senior notes .Priced a public offering of $500 million in aggregate principal amount of 4.625% senior notes due 2026 at par.  Full Article

MGM Resorts International announces proposed senior notes offering
Tuesday, 16 Aug 2016 

MGM Resorts International : MGM Resorts International announces proposed senior notes offering . Proposes to offer $500 million in aggregate principal amount of senior notes due 2026. .Intends to use net proceeds from offering of notes, together with cash on hand, to redeem its 7.625% senior notes due 2017.  Full Article

MGM Resorts International to up stake in MGM China Holdings
Tuesday, 16 Aug 2016 

MGM Resorts International: MGM Resorts International to increase its stake in MGM China Holdings Limited . To acquire additional 4.95% of outstanding ordinary shares of MGM China, will own about 56% of MGM China's outstanding common shares . Will issue to grand paradise Macau 7,060,492 shares of its common stock and pay cash consideration of $100 million . Upon completion of transactions, ho would own approximately 4.8% of outstanding common stock of MGM resorts . MGM resorts international says to acquire 188.1 million ordinary shares of its subsidiary MGM China Holdings Limited from grand paradise Macau . Will acquire an additional 4.95% of outstanding common shares of MGM China and will own about 56% of MGM China's outstanding common shares . Pansy ho has entered into agreement to acquire 4 million shares of MGM Resorts stock at $25/share from Tracinda Corporation .In addition, company has agreed to pay GPM (or its nominee) a deferred cash payment of $50 million.  Full Article

MGM Resorts reports Q2 earnings per share $0.83 including items
Thursday, 4 Aug 2016 

MGM Resorts International : MGM Resorts International reports strong second quarter financial and operating results . Q2 earnings per share view $0.23 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.83 including items . Casino revenue for three months ended June 30, 2016 increased less than 1% compared to same period in prior year . Qtrly revenue $2.27 billion versus $2.39 billion . Increased profit growth plan target by 33% to $400 million . MGM Resorts International qtrly rooms revenue at company's domestic resorts increased 2% . Qtrly MGM China net revenues of $452 million, a 19% decrease compared to prior year quarter .Q2 earnings per share view $0.23, revenue view $2.33 billion -- Thomson Reuters I/B/E/S.  Full Article

Macau police hunt VIP dealer after $6 mln theft from Wynn

HONG KONG, Jan 18 Police in the world's largest gambling hub of Macau are hunting for a dealer suspected of stealing HK$48 million ($6 million) worth of casino chips from Wynn Macau, authorities in the Chinese-controlled territory said on Thursday.