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UPDATE 1-Macau casino revenue rises 23 pct on year in November

2017-12-01 reuters
Dec 1 - Casinos in the world’s biggest gambling hub of Macau posted a 22.6 percent revenue jump in November from a year earlier, marking the sixteenth consecutive month of growth, government data showed on Friday.

While Macau loses its lustre, a Cambodian casino bets on Chinese tourists to hit jackpot

2017-11-18 scmp
Hong Kong-listed NagaCorp is counting on Chinese tourists to boost gaming revenue at its Cambodian casino, as the country targets 2 million Chinese visitors by 2020 (1-0)

Time to Bet on the Casino ETF?

2017-11-02 zacks
Things are looking up for Casino stocks and ETFs. A Nomura report indicated "a noticeable pickup in demand" in Macau's VIP and mass-market gaming revenues in the last 10 days of October, as quoted on CNBC.com. Notably, Macau registered 16.1% year-over-year growth in casino gross gaming revenues in September. (10-0)

Time to Best on the Casino ETF?

2017-11-01 zacks
Things are looking up for Casino stocks and ETFs. A Nomura report indicated "a noticeable pickup in demand" in Macau's VIP and mass-market gaming revenues in the last 10 days of October, as quoted on CNBC.com. Notably, Macau registered 16.1% year-over-year growth in casino gross gaming revenues in September. (10-0)

Sands to invest US$1.1b in London-themed Macau remodel

2017-10-26 themalaymailonline
Las Vegas Sands Corp chairman and chief executive officer Sheldon Adelson at a news conference in Tokyo, February 24, 2014, in Japan casino race ReutersMACAU, Oct 26 — Las Vegas Sands Corp, capitalising on the rebound in Macau gambling, will spend US$1.1 billion (RM4.66 billion) renovating its properties there, including turning the Sands Cotai Central into a London-themed resort. (4-0)

Global Moats Make Comeback In September

2017-10-19 seekingalpha
Global moat stocks underperformed their respective broad markets in September. International moats, as represented by the Morningstar® Global ex-US Moat Focus IndexSM ( MGEUMFUN, or "International Moat Index"), posted a 1.46% return compared to 1.86% for the MSCI All Country World Index ex-USA (MSCI ACWI ex-USA). September joined April as the only months the International Moat Index underperformed the broad market in 2017. (100-0)

MGM's Sinking Feeling - Bloomberg Gadfly

2017-10-02 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

MGM Resorts bets on wealthier masses to catch up in Macau

2017-08-14 themalaymailonline
Casinos are seen in a general view of Macau October 8, 2015. — Reuters picHONG KONG, Aug 14 — MGM Resorts International is counting on a growing number of affluent Chinese customers to drive revenue at its new Macau property, as it strives to catch up with an industry rebound in the enclave.

MGM Resorts International (MGM) Q2 2017 Results - Earnings Call Transcript

2017-07-27 seekingalpha
Good morning, and welcome to the MGM Resorts International Second Quarter 2017 Earnings Conference Call. Joining the call from the company today are Jim Murren, Chairman and Chief Executive Officer; Dan D'Arrigo, Executive Vice President and Chief Financial Officer; Bill Hornbuckle, President; Corey Sanders, Chief Operating Officer; and Grant Bowie, CEO and Executive Director of MGM China Holdings Limited.

MGM Resorts' (MGM) Q2 Earnings Beat on Higher Revenues

2017-07-27 zacks
MGM Resorts International (MGM - Free Report) posted mixed results for the second quarter of 2017, wherein though earnings surpassed the Zacks Consensus Estimate, revenues lagged the same. Earnings and Revenue Discussion MGM Resorts reported adjusted earnings of 31 cents per share, which came above the Zacks Consensus Estimate of 28 cents by 10.7%. Also, earnings came above the year-ago quarter figure of 26 cents by 19.

MGM Resorts International Named to The Civic 50 List as One of the Most Community-Minded Companies in the Country by Points of Light

2017-06-21 prnewswire
LAS VEGAS, June 21, 2017 /PRNewswire/ -- MGM Resorts International was named to The Civic 50 list of America's most community-minded companies by Points of Light, the largest organization in the world dedicated to volunteer service.

Entertainment CEO Says Travel Key to Curbing Trade Deficit; Calls on U.S. Policymakers to Remain Committed to Brand USA

2017-06-06 prnewswire
NEW YORK, June 6, 2017 /PRNewswire/ -- Jim Murren, chief executive officer of MGM Resorts International (NYSE: MGM), speaking at today's NYU Hospitality Conference, and in an opinion piece on CNN.com, called on U.S. policymakers to remain committed to Brand USA, the first and only organization specifically dedicated to promoting the U.S. as a travel destination to prospective international visitors.

MGM Resorts (MGM) Up 2.6% Since Earnings Report: Can It Continue?

2017-05-31 zacks
It has been about a month since the last earnings report for MGM Resorts International (MGM - Free Report) . Shares have added about 2.6% in that time frame, outperforming the market.

International Moat Index: France Impacted Its Performance

2017-05-31 marketrealist
French aerospace firm Safran SA (SAF FP, +10.52%) edged out London Stock Exchange Group Plc (LSE LN, +10.38%) as the top International Moat Index performer in April. SAF FP also saw its fair value estimate increased by Morningstar analysts at the end of the month. The top sector performers for the month came from real estate and industrials firms. Several Hong Kong property firms helped boost the real estate sector including Swire Properties Ltd.

Leaders of Government, Industry and Diplomatic Community Kickoff G2E Asia 2017

2017-05-16 marketwired
MACAU, CHINA--(Marketwired - May 16, 2017) - Global Gaming Expo Asia (G2E Asia), the marketplace for the Asian gaming industry, organized by American Gaming Association and Reed Exhibitions, kicked off its 11th year today with a strong showing of top-level representatives from business, government and the diplomatic corporations.