Edition:
India

MGM Resorts International (MGM.N)

MGM.N on New York Stock Exchange

30.95USD
13 Jul 2018
Change (% chg)

$0.45 (+1.48%)
Prev Close
$30.50
Open
$30.59
Day's High
$31.00
Day's Low
$30.17
Volume
1,938,253
Avg. Vol
2,126,682
52-wk High
$38.41
52-wk Low
$27.88

Latest Key Developments (Source: Significant Developments)

MGM Resorts International Says Unit Entered Into A Fifth Supplemental Agreement
Tuesday, 19 Jun 2018 

June 18 (Reuters) - MGM Resorts International ::MGM RESORTS INTERNATIONAL SAYS UNIT ENTERED INTO A FIFTH SUPPLEMENTAL AGREEMENT - SEC FILING.MGM RESORTS INTERNATIONAL - AMENDMENT PROVIDED FOR A REDUCTION IN REVOLVING CREDIT COMMITMENTS FROM HK$11.31 BILLION TO HK$7.8 BILLION.MGM RESORTS INTERNATIONAL - AMENDMENT INCREASED TERM LOAN COMMITMENTS FROM HK$12.09 BILLION TO HK$15.6 BILLION.MGM RESORTS INTERNATIONAL - FINAL MATURITY DATE OF AMENDED AND RESTATED CREDIT AGREEMENT WILL BE EXTENDED FROM APRIL 29, 2019 TO JUNE 26, 2022.  Full Article

Mgm Resorts International Completes $1.0 Billion Senior Notes Offering
Monday, 18 Jun 2018 

MGM Resorts International ::MGM RESORTS INTERNATIONAL COMPLETES $1.0 BILLION SENIOR NOTES OFFERING.  Full Article

MGM Resorts International Prices $1 Bln In Senior Notes
Friday, 15 Jun 2018 

June 14 (Reuters) - MGM Resorts International ::MGM RESORTS INTERNATIONAL PRICES $1,000,000,000 IN SENIOR NOTES.MGM RESORTS INTERNATIONAL - OFFERING OF NOTES WAS UPSIZED FROM ORIGINALLY ANNOUNCED AGGREGATE PRINCIPAL AMOUNT OF $500 MILLION.MGM RESORTS INTERNATIONAL - PRICED UPSIZED PUBLIC OFFERING OF $1 BILLION OF 5.750% SENIOR NOTES DUE 2025 AT PAR.  Full Article

CityCenter Says Will Seek To Raise $200 Million In New Incremental Term Loan
Monday, 30 Apr 2018 

April 30 (Reuters) - MGM Resorts International ::CITYCENTER ANNOUNCES LAUNCH OF INCREMENTAL TERM LOAN.CITYCENTER HOLDINGS SAYS WILL SEEK TO RAISE $200 MILLION IN AN INCREMENTAL TERM LOAN UNDER ITS EXISTING SENIOR SECURED CREDIT AGREEMENT.CITYCENTER HOLDINGS - TO USE PROCEEDS OF INCREMENTAL TERM LOAN, CASH ON HAND, TO PAY DIVIDEND OF $400 MILLION TO ITS SHAREHOLDERS.  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

CityCenter Announces Entry Into Definitive Agreement To Sell The Mandarin Oriental Las Vegas
Thursday, 26 Apr 2018 

April 26 (Reuters) - MGM Resorts International ::CITYCENTER ANNOUNCES ENTRY INTO DEFINITIVE AGREEMENT TO SELL THE MANDARIN ORIENTAL LAS VEGAS.CITYCENTER HOLDINGS, LLC - DEAL FOR APPROXIMATELY $214 MILLION IN CASH.  Full Article

Wynn Resorts In Early Talks To Sell Boston-Area Casino Project To MGM- WSJ
Thursday, 12 Apr 2018 

April 12 (Reuters) - :WYNN RESORTS IN EARLY TALKS TO SELL BOSTON-AREA CASINO PROJECT TO MGM - WSJ, CITING SOURCES.  Full Article

Tracinda Places Order To Sell 10 Million Shares Of MGM Resorts International's Common Stock
Wednesday, 6 Dec 2017 

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 

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
Friday, 13 Oct 2017 

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