UPDATE 2-GVC sees lower earnings hit from betting price cap [Reuters]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: Reuters
UPDATE 2-GVC sees lower earnings hit from betting price cap - Reuters 3 Min Read * Price cap impact on 2020 core earnings 130 mln stg * Britain implemented new price cap in April * Reports strong start to the year (Adds analyst comment, shares, more details) By Sangameswaran S May 16 (Reuters) - Ladbrokes owner GVC on Thursday pointed to a lower than expected impact of a new betting price cap on some of its business in Britain, boosting the company’s shares. Britain’s largest high street bookmaker said the impact of the new regulations on core earnings would be 130 million pounds ($166.9 million) in 2020, lower than its earlier estimate of 145 million pounds. Britain implemented the new price cap on Fixed Odd Betting Terminals (FOBTs) in April, bringing down the maximum betting amount to 2 pounds from an earlier 100 pound ($128.3) limit. The decision dealt a big blow to bookmakers, who have argued that the terminals are a major source of income for their retail outlets which are strug
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MGM
News
- FBI working towards nabbing Scattered Spider hackers, official says [Reuters]Reuters
- MGM Resorts International (NYSE: MGM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Ex-MGM Grand president faces sentencing for not reporting multimillion-dollar wagers by fraudulent bookie [Yahoo! Finance]Yahoo! Finance
- Martin Lawrence Hits the Road This Summer With "Y'all Know What It Is!" Comedy Tour [Yahoo! Finance]Yahoo! Finance
- 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
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