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MGM Resorts International (MGM.N)

MGM.N on New York Stock Exchange

35.44USD
20 Apr 2018
Change (% chg)

$-0.12 (-0.34%)
Prev Close
$35.56
Open
$35.58
Day's High
$35.66
Day's Low
$35.27
Volume
1,163,391
Avg. Vol
1,780,256
52-wk High
$38.41
52-wk Low
$28.10

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 06:20am EST 

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 07:45am EST 

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 04:35pm EDT 

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 China files announcement with the HKSE disclosing updated expectations regarding opening date of MGM Cotai‍​
Friday, 29 Sep 2017 06:39am EDT 

Sept 29 (Reuters) - Mgm Resorts International :MGM Resorts - on Sept 29, MGM China, unit of co, filed announcement with the HKSE disclosing updated expectations regarding opening date of MGM Cotai‍​.MGM Resorts International - currently expects project to open on Jan 29, 2018 and total estimated project budget to be $3.4 billion.MGM Resorts says MGM China currently anticipates any damage caused by Typhoon Hato will be substantially covered by insurance - SEC filing​.  Full Article

‍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

DIARY-U.S. earnings week ahead

April 20 Diary of U.S. (.SPX) corporate earnings for the week ahead. ** Please Note - All times given are in U.S. EST unless otherwise stated ** U.S. EARNINGS Start Date Start RIC Company Event Name Time 23-Apr-2018 BMO FE.N FirstEnergy Corp Q1 2018 FirstEnergy Corp Earnings Release 23-Apr-2018 BMO ALK.N Alaska Air Group Inc Q1 2018 Alas