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MGM Resorts International (MGM.N)

MGM.N on New York Stock Exchange

30.71USD
28 Apr 2017
Change (% chg)

$-0.30 (-0.97%)
Prev Close
$31.01
Open
$31.26
Day's High
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$30.70
Volume
2,089,504
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$31.26
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Latest Key Developments (Source: Significant Developments)

CityCenter Holdings announces launch of $1,725 mln refinancing of senior credit facilities
Monday, 3 Apr 2017 09:04am EDT 

Mgm Resorts International : Citycenter holdings, llc announces launch of $1,725 million refinancing of senior credit facilities . Citycenter holdings - has launched a syndication of a new $1.6 billion term loan and upsized $125 million revolving credit facility .Citycenter holdings - to use net proceeds from term loan to refinance outstanding amount under existing term loan & pay a $350 million dividend to members.  Full Article

MGM Resorts says inks meetings deal with Microsoft
Thursday, 16 Feb 2017 08:00am EST 

MGM Resorts International :MGM Resorts says inks meetings deal with Microsoft.  Full Article

MGM Resorts International posts Q4 earnings $0.04/shr
Thursday, 16 Feb 2017 07:40am EST 

MGM Resorts International : MGM Resorts International reports fourth quarter and full year financial and operating results; announces quarterly dividend . Q4 earnings per share $0.04 . Q4 same store sales rose 4 percent . Q4 earnings per share view $0.21 -- Thomson Reuters I/B/E/S . MGM Resorts International says initiated a quarterly dividend program . MGM Resorts International - domestic resorts casino revenue for Q4 of 2016 increased 33 pct compared to prior year quarter . MGM Resorts International - dividend of $0.11 per share will be payable on March 15, 2017 . Qtrly domestic resorts rooms revenue increased 10 pct compared to prior year quarter . Qtrly REVPAR growth of 3 pct over prior year quarter . Qtrly revenues $2.46 billion versus $2.19 billion . Q4 revenue view $2.46 billion -- Thomson Reuters I/B/E/S . MGM Resorts International- board of directors approved a quarterly dividend of $0.11 per share .MGM Resorts International- MGM China net revenues of $500 million, a $1 million increase compared to prior year quarter.  Full Article

MGM Resorts says through GPM's unit, Pansy Ho acquired 4 mln shares of co's Tracinda Corp
Thursday, 1 Sep 2016 09:27am EDT 

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 05:21pm EDT 

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 09:00am EDT 

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 07:35am EDT 

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 08:15am EDT 

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

Boyd Gaming to sell its 50% interest in Borgata
Tuesday, 31 May 2016 04:13pm EDT 

Boyd Gaming Corp - : Boyd Gaming Corp says Borgata estimates that it is entitled to property tax refunds totaling $180 and estimates for open tax appeals .Boyd gaming to sell its 50% interest in Borgata.  Full Article

MGM Resorts, MGM Growth Properties to buy Borgata Hotel Casino & Spa
Tuesday, 31 May 2016 04:10pm EDT 

MGM Resorts International : MGM Resorts International and MGM Growth Properties LLC announce transactions to acquire Borgata Hotel Casino & Spa . MGM Resorts will pay approximately $600 million for Boyd Gaming's 50 percent interest . Borgata to be added to existing master lease between MGM Resorts and MGP, initial rent payment to MGP to increase by $100 million . Following completion of acquisition of Boyd Gaming's interest, MGP will acquire Borgata's real property from MGM Resorts . Says expect transaction to result in high single digit percentage accretion to AFFO per share . Deal for $900 million . Expects to fund acquisition of Borgata Real and assumption of related debt with a combination of existing cash on hand . MGM Resorts international says to acquire Boyd Gaming Corporation's 50 percent interest in Borgata Hotel Casino & Spa .MGP to lease back real property to a unit of Mgm Resorts, after which a subsidiary of MGM Resorts will operate Borgata.  Full Article

More From Around the Web

BRIEF-MGM Resorts International CEO's 2016 compensation was $16.6 mln

* CEO James Murren's 2016 total compensation was $16.6 million versus $13.3 million in 2015 - sec filing Source text for Eikon: Further company coverage: