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MGM Resorts International (MGM)

MGM on New York Consolidated

33.15USD
21 Sep 2017
Change (% chg)

$0.06 (+0.20%)
Prev Close
$33.08
Open
$33.09
Day's High
$33.44
Day's Low
$33.07
Volume
1,489,537
Avg. Vol
8,875,777
52-wk High
$34.65
52-wk Low
$24.78

Latest Key Developments (Source: Significant Developments)

‍Senator Investment reports 5.57 percent passive stake in MGM Resorts International
Monday, 18 Sep 2017 05:07pm EDT 

Sept 18 (Reuters) - MGM Resorts International :‍Senator Investment Group reports 5.57 percent passive stake in MGM Resorts International as of September 12 - SEC filing​.  Full Article

MGM Resorts International announces adoption of $1.0 billion share repurchase program
Tuesday, 5 Sep 2017 04:11pm EDT 

Sept 6 (Reuters) - MGM Resorts International :MGM Resorts International announces adoption of $1.0 billion share repurchase program.MGM Resorts International - ‍under stock repurchase program co may repurchase shares from time to time in open market/ in privately negotiated agreements.​.  Full Article

MGM Resorts and MGM Growth Properties announce transaction on MGM National Harbor casino resort
Tuesday, 5 Sep 2017 04:06pm EDT 

Sept 6 (Reuters) - MGM Growth Properties LLC :MGM Resorts International and MGM Growth Properties LLC announce transaction on MGM National Harbor casino resort.MGM Growth Properties - ‍subsidiary of MGP will purchase long-term leasehold interest, real property improvements associated with MGM National Harbor casino resort​.MGM Growth Properties LLC - ‍MGM Resorts will lease property from MGP and continue to operate property following consummation of transaction​.MGM Growth Properties LLC - ‍MGP will pay total consideration of approximately $1.1875 billion​.MGM Growth Properties LLC - ‍as a result of transaction, expect to achieve mid-single digit percentage accretion to affo per share​.MGM Growth Properties LLC - ‍consistent with master lease terms, 90 percent of rent will be fixed and contractually grow at 2 percent per year until 2022​.MGM Growth Properties - ‍MGM National Harbor will be added to existing master lease between MGM Resorts and MGP, rent payment to MGP to increase by $95 million.​.  Full Article

S&P Dow Jones indices says will make changes to the S&P 500 and S&P Midcap 400 indices effective prior to the open of trading on July 26
Wednesday, 19 Jul 2017 05:42pm EDT 

July 19 (Reuters) - MGM Resorts International :S&P Dow Jones indices says will make changes to the S&P 500 and S&P Midcap 400 indices effective prior to the open of trading on July 26.S&P Dow Jones Indices - MGM Resorts, Resmed, Packaging Corp of America, A.O. Smith and duke realty set to join S&P 500.  Full Article

MGM Resorts International announces redemption of 11.375 pct senior notes
Friday, 23 Jun 2017 08:45am EDT 

June 23 (Reuters) - MGM Resorts International :MGM Resorts International announces redemption of 11.375% senior notes.MGM Resorts International - Will redeem for cash all of its outstanding $475 million of 11.375% senior notes due 2018.MGM Resorts International - To redeem senior notes due 2018 at redemption price equal to 100.00% of principal amount thereof plus a make-whole premium.  Full Article

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

BRIEF-‍Senator Investment reports 5.57 percent passive stake in MGM Resorts International

* ‍Senator Investment Group reports 5.57 percent passive stake in MGM Resorts International as of September 12 - SEC filing​ Source text: [http://bit.ly/2jFAzqq] Further company coverage: