Macau casino stocks lose almost US$5 billion in sell-off as China's gambling crackdown snares junket boss [Yahoo! Finance News]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: Yahoo! Finance News
Macau casino stocks tumbled, erasing US$4.8 billion of market value in Hong Kong, as the arrest of the head of the biggest junket operator in the gambling hub revived concerns about Beijing's increased scrutiny of the industry.Sands China and Galaxy Entertainment, the two gaming stocks on the benchmark Hang Seng Index, dropped more than 5 per cent on Monday, extending a sell-off on Friday that was spurred by the emerge of the Omicron virus strain. MGM China sank 10 per cent. The losses were much wider than the index's 1 per cent decline.A gauge tracking six casino stocks plunged 7.6 per cent on Monday, the biggest slide since September 15 when the Macau government issued a draft on the overhaul of the gambling industry. Monday's losses amounted to almost one-third of the September rout in the casino concessionaires.Do you have questions about the biggest topics and trends from around the world? Get the answers withSCMP Knowledge"Macau's go-go years do seem over," said Steve Vickers, a
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MGM
News
- Andrew Cardno Leads a Seminar at IGA: Unraveling the Impact of Recent Cyber Attacks on Indian Gaming [Yahoo! Finance]Yahoo! Finance
- MGM Resorts rallies after Mizuho says shares are undervalued [Seeking Alpha]Seeking Alpha
- MGM Resorts International (NYSE: MGM) is now covered by analysts at Mizuho. They set a "buy" rating and a $61.00 price target on the stock.MarketBeat
- MGM Resorts prices $750M in senior notes [Seeking Alpha]Seeking Alpha
- MGM Resorts International Prices $750,000,000 in Senior NotesPR Newswire
MGM
Earnings
- 2/13/24 - Beat
MGM
Sec Filings
- 3/27/24 - Form 424B2
- 3/25/24 - Form FWP
- 3/25/24 - Form 424B5
- MGM's page on the SEC website