Macau Project Will Add $665M in Equity to MGM Resorts (MGM)

Go back to Macau Project Will Add $665M in Equity to MGM Resorts (MGM)

MGM Resorts (MGM) CEO Murren Sees Macau Revs Double w/ New Cotai Site

January 9, 2013 5:27 PM EST

MGM Resorts International (NYSE: MGM) CEO James Murren spoke in a conference call today.

In part, Murren said revs in Macau will double when the new Cotai project opens. He sees growth in the mid-to-high double digits.
... More

Macau Grants Cotai Land Concession to MGM Resorts (MGM)

January 9, 2013 7:02 AM EST

MGM Resorts International (NYSE: MGM) announced that the land concession accepted by MGM Grand Paradise, S.A. on October 18, 2012 has been officially gazetted by the Macau government. The land concession is on the terms previously announced and is for a 17.8 acre site in the Cotai area of Macau. The... More

Credit Suisse Upgrades MGM Resorts (MGM) to Outperform

January 8, 2013 7:46 AM EST

Credit Suisse upgraded MGM Resorts (NYSE: MGM) from Neutral to Outperform.

For an analyst ratings summary and ratings history on MGM Resorts click here. For more ratings news on MGM Resorts click here.

Shares of MGM Resorts closed at $12.68 yesterday, with a 52 week range of $8.83-$14.94.... More