Asia’s Casino Fortunes Falter As Macau Threatens Crackdown On Gaming [Forbes]
MGM Resorts International (MGM)
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Source: Forbes
Several of the region’s wealthiest casino moguls saw their fortunes tumble this week after officials in Macau launched a regulatory review that threatens to tighten the government’s grip on “Asia’s Las Vegas.”The Macau government said on Tuesday that it’s seeking to re-evaluate the laws that govern the world’s largest gambling hub. The 45-day public consultation covers issues including the number and the duration of licenses for casino operators, as well as the introduction of government representatives to supervise gaming operations.Hong Kong’sLui Che Woo and his familyReal-Time ListLui Che Woo, founder and chairman of Galaxy Entertainment Group.© 2015 Bloomberg Finance LPTwo other moguls in Hong Kong who saw their stocks tumble wereLawrence HoPansy HoPansy’s wealth dropped by $280 million after shares of MGM China Holdings plunged 28.3% in Hong Kong over the past three days. Her net worth now sits at $3.4 billion.Pansy Ho, co-chairperson and executive director of MGM China Holdings
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MGM
News
- MGM Resorts International (NYSE: MGM) had its price target raised by analysts at JMP Securities from $57.00 to $58.00. They now have a "market outperform" rating on the stock.MarketBeat
- Why MGM Resorts (MGM) is a Top Value Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Chinese Stocks, Yuan Primed for Gains on Return From Holidays [Yahoo! Finance Canada]Yahoo! Finance Canada
- Chinese Stocks, Yuan Primed for Gains on Return From Holidays [Yahoo! Finance]Yahoo! Finance
- Chinese Stocks, Yuan Primed for Gains on Return From Holidays [BNN Bloomberg (Canada)]BNN Bloomberg
MGM
Earnings
- 5/1/24 - Beat
MGM
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- MGM's page on the SEC website