MGM Resorts (MGM) Tops Q3 EPS by 8c, Submits S-11 for REIT
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MGM Resorts International Announces Confidential Submission of Draft Registration Statement by MGM Growth Properties LLC
October 29, 2015 7:01 AM EDTLAS VEGAS, Oct. 29, 2015 /PRNewswire/ --Â MGM Resorts International (NYSE: MGM) today announced that it confidentially submitted a draft registration statement on Form S-11 to the United States Securities and Exchange Commission ("SEC") relating to the proposed initial public offering of Class A common shares ("Class A Shares") of a newly formed limited liability company, MGM Growth Properties LLC ("MGP"), that intends to elect and qualify to be taxed as a real estate investment trust.
The offering will allow MGP to focus on its unique growth strategies, including owning, acquiring and... More
MGM Resorts International Reports Third Quarter Financial Results
October 29, 2015 7:00 AM EDTLAS VEGAS, Oct. 29, 2015 /PRNewswire/ --MGM Resorts International (NYSE: MGM) today reported financial results for the quarter ended September 30, 2015.
"Our strong third quarter results exemplify the power of our portfolio of assets and brands as we continue to drive growth in our Las Vegas and regional resorts. Our Profit Growth Plan is beginning to see initial success with the initiatives launched to date, and we expect these efforts to further enhance our already improving profits and margins, as we roll out many more opportunities in the coming months," said Jim... More
