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MGM Resorts International

  • If You Can't Beat 'Em, Join 'Em

    By John Timmes - May 20, 2013 | Tickers: DLPH, MGM, MYL

    While emulating the investment portfolio of a hedge fund titan is not realistic, examining their investments can lead to interesting conversations and potential investment ideas. In this article, I look at two stocks from the top holdings of Paulson & Company, the hedge fund group run by the legendary investor John Paulson.

    MGM Resorts International

    MGM (NYSE: MGM) owns and operates 15 casino resorts in the United States and the MGM more »

  • MGM Resorts Offers Most Upside Among Casino Stocks

    By Mark Yagalla - May 20, 2013 | Tickers: CZR, LVS, MGM

    Sterne Agee just upgraded MGM Resorts (NYSE: MGM) to "buy" from "neutral," citing the company's improving Las Vegas operations. What intrigued me the most is that the firm is valuing MGM's Macau operations at $14, so you're getting the Las Vegas operations for free.

    We value MGM China at ~$14 – leaving other EBITDA components (incl. a Strip recovery) nearly a free option at current prices. We believe more »

  • Bet On These Two Casino Companies

    By Madhu Dube - May 16, 2013 | Tickers: LVS, MGM, WYNN

    The worldwide gambling companies are betting big on the recently developed market in Macau, China. It is said by many analysts that Macau is going to beat Las Vegas for gambling supremacy, which has been the preferred destination for gamblers around the world. Macau is the only place in China where gambling is legal and it is expected to exceed revenue of $100 billion in 2020, according to CLSA estimates more »

  • Fifty Shades of Green

    By AnnaLisa Kraft - May 13, 2013 | Tickers: SAM, CHD, LVS, MGM

    Drinking, gambling, and sex are preoccupations that can make green (money) for your portfolio and can still satisfy investors who expect a sustainably green (pro-environment) performance.

    An "evergreen" business model

    Church & Dwight (NYSE: CHD), the maker of Arm & Hammer baking soda cleaning and personal care products, makes the naughty (in a nice way) list.

    There are few cleaner and greener companies in the cleaning space since baking soda is widely more »

  • Online Poker Now Legal: Who Wins?

    By Margie Nemcick-Cruz - May 9, 2013 | Tickers: BYD, FB, MGM

    The first legal online poker room has opened in the United States, and this is excellent news for casinos, but perhaps the biggest winner in all this will be Facebook (NASDAQ: FB).

    According to the above CNBC article, Station Casinos recently went live with UltimatePoker.com. “UlimatePoker.com will operate under a 30-day license, said A.G. Burnett, chairman of the Nevada Gaming Control Board, while the site works out more »

  • Investing in Las Vegas Sands Is No Gamble

    By Jayson Derrick - May 8, 2013 | Tickers: CZR, LVS, MGM, WYNN

    Las Vegas Sands (NYSE: LVS) is one of the world’s leading global developers of destination properties with a focus on gaming, entertainment, convention and exhibition facilities. With properties spread out across the United States and Asia, Las Vegas Sands holds significant advantages that their competitors only dream of.

     Macau is the world’s biggest gambling market, not Las Vegas

    In gambling lingo a ‘whale’ is an individual that will more »

  • Are These 3 Post-Earning Industry Performers a Buy?

    By Brian Nichols - May 6, 2013 | Tickers: BZH, GM, MGM

    On Thursday we saw several great post-earning moves in the market. While many of these stocks still present value after strong earnings there will be some to create a value trap. Therefore, I am looking at three of the more important moves in the market on Thursday, three companies that are strong industry performers, and determining if any are a “buy.”

    With Europe Improving….Buy This Stock!

    With each month more »

  • All Roads Lead to Macau

    By Robert Hanley - May 3, 2013 | Tickers: LVS, MGM, WYNN

    While the battle for supremacy in Las Vegas is basically over, with MGM Resorts International and Caesar’s Entertainment dominating the Strip, the fight to win market share in Macau is still too close to call.  In just 10 years the Chinese region has overtaken Las Vegas as the world’s busiest gambling mecca.  The American gambling empires and their Chinese partners are currently trying to one-up each other with more »

  • Forget Herbalife – Icahn Is up to Something Bigger in Casinos

    By Jordan Wathen - May 2, 2013 | Tickers: MGM

    Carl Icahn is back to his old ways. After returning the money of outside investors, Icahn has been on a tear, taking part in activism at Dell, launching a powerful short squeeze against Bill Ackman, and participating in more deals now than in any period in recent memory.

    Icahn isn't afraid of the limelight. He's been the loudest when it comes to Herbalife. But what he's doing more »

  • Why Placing Your Chips on Wynn Resorts Is Your Best Bet

    By Yaniv Hirsch - April 29, 2013 | Tickers: LVS, MGM, WYNN, ZNGA

    Wynn Resorts (NASDAQ: WYNN) owns and operates luxury hotels and destination casino resorts in Las Vegas and Macau, China. The resorts feature guest rooms and suites, restaurants, golf courses, and on-site luxury automotive dealerships. As gambling stocks started to come back this year, Wynn resorts might be your best bet--literally.

    The gaming industry has lost ground in recent years due to the global crisis. Lately, we have seen some gaming more »

  • Betting on These Casino Stocks Is Safe!

    By Madhu Dube - April 19, 2013 | Tickers: LVS, MGM, WYNN

    The restricted approval of licenses to establish casino-resorts, limits the expansion possibilities of the companies in the game. But if you do get an approval, new properties can act as a driving force for the future growth of such companies. Keeping this in mind, I thought of analyzing some casino resort stocks to see what future endeavors they are in.

    Wynn Resorts (NASDAQ: WYNN)

    In mid-2012, Chinese regulators approved Wynn more »

  • Betting on These Casino Stocks Is Safe!

    By Madhu Dube - April 6, 2013 | Tickers: LVS, MGM, WYNN

    The restricted approval of licenses to establish casino-resorts, limits the expansion possibilities of the companies in the game. But if you do get an approval, new properties can act as a driving force for the future growth of such companies. Keeping this in mind, I thought of analyzing some casino resort stocks to see what future endeavors they are in.

    Wynn Resorts (NASDAQ: WYNN)

    In mid-2012, Chinese regulators approved Wynn more »

  • Betting on These Casino Stocks Is Safe!

    By Madhu Dube - April 6, 2013 | Tickers: LVS, MGM, WYNN

    The restricted approval of licenses to establish casino-resorts, limits the expansion possibilities of the companies in the game. But if you do get an approval, new properties can act as a driving force for the future growth of such companies. Keeping this in mind, I thought of analyzing some casino resort stocks to see what future endeavors they are in.

    Wynn Resorts (NASDAQ: WYNN)

    In mid-2012, Chinese regulators approved Wynn more »

  • Betting on These Casino Stocks is Safe!!!

    By Madhu Dube - April 3, 2013 | Tickers: LVS, MGM, WYNN

    The restricted approval of licenses to establish casino-resorts, limits the expansion possibilities of the companies in the game. But if you do get an approval, new properties can act as a driving force for the future growth of such companies. Keeping this in mind, I thought of analyzing some casino-resort stocks to see what future endeavors they are in.

    Wynn Resorts Ltd. (NASDAQ: WYNN)

    In mid-2012, Chinese regulators approved Wynn more »

  • MGM Looks For A Better Future Despite Soft Results

    By Cagdas Ozcan - March 31, 2013 | Tickers: LVS, MGM

    MGM (NYSE: MGM) looks better after the not-so-well term of previous CEO Terry Lanni, who paid for acquisitions which are funded mostly by debt. However, new CEO Jim Murren has led perhaps the most remarkable turnaround in the history of the casino industry. Murren has focused on increasing returns on invested capital, or ROIC, at existing properties. Moreover, Murren focus on expansion in China, and utilizing free cash flow to more »

  • Don’t Buy Las Vegas Sands and its Peers Right Now

    By Meena Krishnamsetty - March 29, 2013 | Tickers: CZR, LVS, MPEL, MGM, WYNN

    Las Vegas Sands (NYSE: LVS) has risen 16% year to date, though the stock is down from its levels a year ago while the S&P 500 is up 11%. In 2012, the company’s net revenue (which subtract out promotional allowances) grew 18% compared to 2011. With costs rising in line with sales, earnings showed only modest changes even after adding back an impairment charge.

    Net income available to more »

  • The Best Casino Stock to Buy

    By Ted Cooper - March 26, 2013 | Tickers: LVS, MGM, WYNN

    Note: This article incorrectly presents MGM's trailing EV/EBITDA ratio in a table. The correct ratio is 12.54.

    After falling off a cliff during the recession, casinos have started to recover, but many markets are still soft. While most casino operators face an uncertain near-term future, one operator offers upside that is not currently priced into its share price.

    A recovering industry

    Although the casino industry is still more »

  • Zynga: Ready To Set Sail Or To Sink Ship?

    By David Schneider - March 19, 2013 | Tickers: FB, MGM, WYNN, ZNGA

    Gambling has always been seen as a sin in Western society. Slowly and surely, new casino projects are being approved throughout the United States. In the east coast of the United States in particular, there have been two new casinos opened in Maryland, four being constructed in Ohio, and recently in Pennsylvania (Sands Bethlehem) and New York City (Worlds Resort). The Revel in Atlantic City has also opened, competing against more »

  • Local Casinos Oppose Zynga's Plans for Online Gambling

    By Marcus Vilkas - March 11, 2013 | Tickers: BYD, CZR, MGM, ZNGA

    Zynga (NASDAQ:ZNGA), the world's leading social game service provider, has lately encountered difficulties in its attempts to make real-money gambling available online. Impediments were brought about by state legislation which legalizes internet betting to benefit local casino operators.

    Shares of Zynga have a market cap of around $2.46 billion, also have around $100 million in total debt and provides $1.28 billion in total cash. During the more »

  • Local Casinos Oppose Zynga's Plans for Online Gambling

    By Marcus Vilkas - March 11, 2013 | Tickers: BYD, CZR, MGM, ZNGA

    Zynga Inc. (NASDAQ:ZNGA), the world's leading social game service provider, has lately encountered difficulties in its attempts to make real-money gambling available online. Impediments were brought about by state legislation which legalizes internet betting to benefit local casino operators.

    Zynga's Investors are confident that the company will dominate the real-money online betting scene, considering its current success with the world's most widely-played free online poker game more »

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