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MGM Resorts International latest news:
Hundreds Of Victims Of Las Vegas Shooting File Lawsuits
Defendants in the suits include MGM Resorts International, which owns the Mandalay Bay, and Live Nation, the organizer of the country music festival at which 58 people were killed last month.
MGM Resorts reports third-quarter net income of nearly $150M
In its first financial report since the deadliest mass shooting in modern U.S. history was carried out from one of its properties, MGM Resorts International on reported third-quarter net income of $149.1 million
MGM Resorts beats on sales, earnings, but points to fall in China revenue
MGM Resorts International shares fell 0.2% late Wednesday after the company reported third-quarter results above forecasts and a rise in U.S. casino sales but a decline in revenue in China. MGM said it earned $149 million, or 26 cents a share, in the quarter, compared with $536 million, or 93 cents a share, in the prior-year quarter. Revenue rose to $2.83 billion, compared with $2.52 billion a year ago. Analysts polled by FactSet had expected earnings of 7 cents a share on sales of $2.58 billion. U.S. resorts revenue rose 18% quarter-on-quarter; net revenue of MGM China fell 6%, MGM said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MGM Resorts meets 3Q profit forecasts
MGM Resorts matches 3Q profit expectations, tops revenue forecasts
MGM Resorts meets 3Q profit forecasts
MGM is reporting third-quarter net income of $149.1 million, its first quarterly financial report since a deadly mass shooting at its Mandalay Bay property in early October.
MGM Resorts 'working with law enforcement' after Vegas shooting
MGM Resorts International CEO Jim Murren said the entertainment company is collaborating with local authorities on Monday after a gunman killed at least 58 people in a mass shooting near MGM-owned Mandalay Bay Resort and Casino in Las Vegas.
MGM Resorts to buy back 10 million shares at a 1% discount from largest shareholder
MGM Resorts International said Tuesday it will buy back 10 million of its shares from Tracinda Corp., the hotel and casino operator's largest shareholder, at price of $32.75 a share. That price represents a 1.0% discount to Monday's closing price of $33.08. The total amount spent is $327.5 million. After the buyback, Tracinda will own 47.1 million shares, or 8.3% of the shares outstanding, which would keep the investment company as MGM's largest shareholder, according to FactSet data. "We believe today's announcement represents a prudent and efficient way of buying back a considerable amount of our stock at an attractive price," said MGM Resorts Chief Executive Jim Murren. The stock, which tacked on 0.4% in premarket trade, has climbed 4.7% over the past three months through Monday, while the S&P 500 has gained 2.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-MGM Resorts and MGM Growth Properties announce transaction on MGM National Harbor casino resort
MGM Growth Properties LLC(MGP). * MGM Resorts International(MGM) and MGM Growth Properties LLC (MGP) announce transaction on MGM National Harbor casino resort.
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