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MGM China Holdings Ltd (2282.HK)

2282.HK on Hong Kong Stock

16.44HKD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Mgm Resorts International Prices $1.0 Billion In Senior Notes
Thursday, 28 Mar 2019 

MGM Resorts International ::MGM RESORTS INTERNATIONAL PRICES $1.0 BILLION IN SENIOR NOTES.MGM RESORTS INTERNATIONAL - OFFERING OF NOTES WAS UPSIZED FROM ORIGINALLY ANNOUNCED AGGREGATE PRINCIPAL AMOUNT OF $500.0 MILLION.MGM RESORTS INTERNATIONAL - PRICED AN UPSIZED PUBLIC OFFERING OF $1.0 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF 5.500% SENIOR NOTES DUE 2027 AT PAR.  Full Article

MGM Resorts International Announces Proposed Senior Notes Offering
Wednesday, 27 Mar 2019 

March 27 (Reuters) - MGM Resorts International ::MGM RESORTS INTERNATIONAL ANNOUNCES PROPOSED SENIOR NOTES OFFERING.MGM RESORTS INTERNATIONAL ANNOUNCES PROPOSED SENIOR NOTES OFFERING.MGM RESORTS INTERNATIONAL - PROPOSES TO OFFER $500 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2027.MGM RESORTS INTERNATIONAL - TO USE PROCEEDS, OTHER SOURCES, TO FUND PURCHASE OF UP TO $500 MILLION AGGREGATE OF OUTSTANDING 5.25% SENIOR NOTES DUE 2020.MGM RESORTS INTERNATIONAL - TO USE PROCEEDS, OTHER SOURCES, TO FUND PURCHASE OF UP TO $500 MILLION AGGREGATE OF OUTSTANDING 6.75% SENIOR NOTES DUE 2020.  Full Article

MGM Resorts International Says Corey Sanders Appointed Chief Financial Officer
Friday, 22 Feb 2019 

Feb 21 (Reuters) - MGM Resorts International ::MGM RESORTS INTERNATIONAL ANNOUNCES LEADERSHIP CHANGES.MGM RESORTS INTERNATIONAL - COREY SANDERS APPOINTED CHIEF FINANCIAL OFFICER.MGM RESORTS INTERNATIONAL - BILL HORNBUCKLE NAMED PRESIDENT.MGM RESORTS INTERNATIONAL - COMPANY REAFFIRMED ITS PREVIOUSLY ANNOUNCED 2020 FREE CASH FLOW TARGETS..  Full Article

Mgm Resorts Forms Ad-HOC Board Committee To Evaluate Real Estate Portfolio
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - MGM Resorts International ::MGM RESORTS INTERNATIONAL ANNOUNCES FORMATION OF AD-HOC BOARD COMMITTEE TO EVALUATE ITS REAL ESTATE PORTFOLIO.MGM RESORTS INTERNATIONAL - AD-HOC BOARD COMMITTEE WILL BE COMPOSED OF THREE INDEPENDENT DIRECTORS.MGM RESORTS INTERNATIONAL - COMMITTEE WILL MAKE RECOMMENDATIONS TO FULL BOARD REGARDING STRATEGY AND OPPORTUNITIES.MGM RESORTS INTERNATIONAL - COMMITTEE WILL BE COMPOSED OF JOHN B. KILROY JR., KEITH A. MEISTER AND PAUL SALEM.  Full Article

Mgm Resorts International Reports Q3 EPS $0.26
Wednesday, 31 Oct 2018 

Oct 30 (Reuters) - Mgm Resorts International ::REPORTS THIRD QUARTER FINANCIAL AND OPERATING RESULTS.QTRLY DILUTED EARNINGS PER SHARE OF $0.26.QTRLY REVPAR DECREASED 3.9% COMPARED TO PRIOR YEAR QUARTER AT COMPANY'S LAS VEGAS STRIP RESORTS.QTRLY NET REVENUES FOR MGM CHINA WAS $606 MILLION, UP 37%.DOMESTIC RESORTS' CASINO REVENUE FOR Q3 OF 2018 INCREASED 1% COMPARED TO PRIOR YEAR QUARTER.QTRLY REVENUE $3.03 BILLION VERSUS 2.83 BILLION.QTRLY DOMESTIC RESORTS ROOMS REVENUE AND SAME-STORE DOMESTIC RESORTS ROOMS REVENUE DECREASED 5% VERSUS PRIOR YEAR QUARTER.Q3 EARNINGS PER SHARE VIEW $0.19, REVENUE VIEW $2.95 BILLION -- THOMSON REUTERS I/B/E/S.REMAIN CONFIDENT THAT WILL DELIVER ON 2020 GOALS.EXPECT TO DELIVER POSITIVE RESULTS IN Q4 AT LAS VEGAS STRIP RESORTS WITH NET REVENUES UP SLIGHTLY.EXPECT LAS VEGAS STRIP REVPAR UP ONE TO TWO PERCENT IN Q4.  Full Article

MGM China Holdings Says MGM China Qtrly Operating Income $55 Mln
Thursday, 26 Apr 2018 

April 26 (Reuters) - MGM China Holdings Ltd <2282.HK>::MGM CHINA QTRLY NET REVENUES $596 MILLION, UP 25 PERCENT; QTRLY OPERATING INCOME $55 MILLION VERSUS $75 MILLION IN PRIOR YEAR QUARTER.  Full Article

MGM Resorts International Reports Q1 Earnings Per Share $0.38
Thursday, 26 Apr 2018 

April 26 (Reuters) - MGM Resorts International ::REPORTS FIRST QUARTER FINANCIAL AND OPERATING RESULTS.Q1 EARNINGS PER SHARE $0.38.Q1 EARNINGS PER SHARE VIEW $0.29 -- THOMSON REUTERS I/B/E/S.QTRLY NET REVENUES DECREASED 1% OVER PRIOR YEAR QUARTER AT DOMESTIC RESORTS TO $2.1 BILLION.FOR REMAINDER OF YEAR, EXPECT CONTINUED DISRUPTION AT MONTE CARLO AND ADDITIONAL TIME TO RECOVER AT MANDALAY BAY.QTRLY NET REVENUES DECREASED 1% OVER PRIOR YEAR QUARTER AT COMPANY'S DOMESTIC RESORTS TO $2.1 BILLION.MGM RESORTS - ADDITIONALLY IN Q2, CANCELLATION OF A "MAJOR PRIZE FIGHT" IN MAY MODERATES EXPECTATIONS, PARTICULARLY AT LUXURY PROPERTIES.QTRLY REVPAR DECREASED 4.3% COMPARED TO PRIOR YEAR QUARTER AT COMPANY'S LAS VEGAS STRIP RESORTS.EXPECT Q2 LAS VEGAS STRIP NET REVENUE TO BE UP SLIGHTLY AND LAS VEGAS STRIP REVPAR TO INCREASE 1 TO 3 PERCENT.QTRLY REVENUE $2.82 BILLION VERSUS $2.71 BILLION REPORTED LAST YEAR.Q1 REVENUE VIEW $2.82 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY DOMESTIC RESORTS ROOMS REVENUE DECREASED 5% COMPARED TO PRIOR YEAR QUARTER.MGM RESORTS - EPS FOR Q1, INCLUDES A NON-CASH INCOME TAX BENEFIT OF $0.13 AND $0.04 DUE TO REVERSAL OF MACAU SHAREHOLDER DIVIDEND TAX ACCRUALS.MGM RESORTS - IN H2, CITYWIDE CONVENTION ATTENDANCE IS EXPECTED TO BE UP, WITH Q3 FACING A DIFFICULT COMPARISON YOY, OFFSET BY GROWTH IN Q4.  Full Article

Mgm China Holdings Now Expects Public Opening Date Of Mgm Cotai Within Month Of Feb 2018
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Mgm China Holdings Ltd <2282.HK>::NOW EXPECTED PUBLIC OPENING DATE OF MGM COTAI WILL BE WITHIN MONTH OF FEBRUARY 2018.‍OVERALL BUDGET OF MGM COTAI EXPECTED TO REMAIN UNCHANGED AT APPROXIMATELY HK$27 BILLION​.  Full Article

MGM Resorts International Q3 earnings per share $0.26
Wednesday, 8 Nov 2017 

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 China Holdings updates on opening of MGM Cotai ​
Friday, 29 Sep 2017 

Sept 29 (Reuters) - MGM China Holdings Ltd <2282.HK>::‍On august 23, 2017, typhoon Hato struck South China and severely battered Macau​.Currently anticipates that any damage caused by typhoon Hato will be substantially covered by its insurance.Overall budget of project is expected to increase from about HK$26 billion to approximately HK$27 billion.MGM Cotai will be slightly delayed from previous expected opening in Q4 of 2017, and is now expected to open on January 29, 2018.  Full Article