MGM Resorts International

  • Why These Are Bubble Stocks

    By Ryan Peckyno - August 11, 2013 | Tickers: CMG, MGM, TSLA, Z

    In a market that has returned around 20% this year through July, it is very tempting to follow the herd and jump on the hot stocks -- those stocks that, on one hand, have characteristics of the rule breakers yet, on the other hand, seem eerily similar to many of the hundreds of companies that went bust after the dot-com boom.   

    Will these companies continue to defy logic and confound value more »

  • Casinos Face Yet Another Headwind

    By Gerelyn Terzo - August 6, 2013 | Tickers: BYD, CZR, MGM

    Shares of Caesars Entertainment (NASDAQ: CZR) have skyrocketed some 120% year-to-date, and online gambling, while taking shape piece by piece, hasn't even become a formalized market yet. While the wheels are in motion, and states like New Jersey and Nevada are taking the lead, the regulatory framework is still being developed, which means it's unclear which companies will take leading market-share positions. So, are investors rightly capitalizing on more »

  • These Companies Control 50% of the Casino Licenses in China

    By Phillip Woolgar - August 6, 2013 | Tickers: LVS, MPEL, MGM

    The Chinese casino market is currently valued at $38 billion. With many American firms controlling operations in China, they may have already hit the jackpot. In the next several years, a massive bridge and rail network to the Cotai Strip in Macau will bring in a higher volume of gamblers and will keep the cash flowing to these companies.

    MGM now has management that can cash in

    MGM Resorts International more »

  • Some Casino Stocks Are Worth the Gamble

    By Matthew Frankel - August 2, 2013 | Tickers: CZR, LVS, MGM, WYNN

    Casino stocks have been exciting to watch over the past few years, not only because of the evolution of the gaming environment in the United States, but because of the incredible boom in casino building overseas, particularly in Asia. However, the publicly-traded casino stocks are a very diverse bunch. I have written about the major casino players before, but after the recent gains in share price for some, and recent more »

  • A Turnaround in the Making at This Casino

    By Mark Yagalla - August 2, 2013 | Tickers: BYD, CZR, MGM

    Shares of Boyd Gaming (NYSE: BYD) have been under pressure since the financial crisis. Like many domestic casino players, Boyd took on too much debt as it embarked on an aggressive expansion. The result is a collection of 22 casinos and racetracks across eight states. Boyd's biggest footprint is in the prime Las Vegas market where its casinos cater to the local market and have built a loyal customer more »

  • Billionaire John Paulson’s Long-Term Stock Picks

    By Meena Krishnamsetty - August 2, 2013 | Tickers: BAC, MGM, MYL

    Insider Monkey tracks quarterly 13F filings from hundreds of hedge funds, including billionaire John Paulson’s Paulson & Co. We’ve found in our work researching investment strategies that the most popular small cap stocks among hedge funds earn an average excess return of 18 percentage points per year (learn more about our small cap strategy), and it can be useful to track hedge fund activity over time as well.

    For more »

  • Should You Play The Rush?

    By Dan Moskowitz - July 15, 2013 | Tickers: BYD, CZR, MGM

    Analysts despise Caesars (NASDAQ: CZR). At the same time, the stock has appreciated more than 100% year to date. Obviously, something doesn’t add up--either the analysts are wrong or the stock is ahead of itself. We’ll try to figure it out, but first let's take a look at the industry as a whole for some background. 

    Industry trends

    Casino operators rely heavily on industry trends. If you more »

  • Will the Chinese Economic Slowdown Spread to the Casinos of Macau?

    By Ryan Guenette - July 12, 2013 | Tickers: LVS, MPEL, MGM, WYNN

    Lying on the western side of the Pearl River Delta, bordering the Guangdong providence to the north, and facing the South China Sea to the east and south is the one of the two special administrative regions of the People’s Republic of China, Macau, also referred to as Macao.

    Formerly a Portuguese colony, Macau was governed by Portugal from the mid-16th century until 1999, when control of the more »

  • Hitting the Jackpot With Melco Crown Entertainment

    By Jeremy Worthington - July 12, 2013 | Tickers: LVS, MPEL, MGM

    With casinos, entertainment, hotels and properties in Macau and the Philippines, Melco Crown Entertainment (NASDAQ: MPEL) has a lot of interests in many different projects. 

    While the stock has already gone up considerably recently and the Chinese economy is cooling a bit, there are plenty of opportunities for profit. Melco Crown is a great opportunity to get exposure to not only the luxury market, but also interests in property and more »

  • Rolling the Dice with Casino Stocks

    By Daniel James - July 11, 2013 | Tickers: LVS, MGM, WYNN

    A famous guilty pleasure, gambling is not so terribly different from investing. While the financial crisis certainly affected the casino business, casino's are still raking in plenty of money, and should continue to do so as the economic recovery takes hold. Assuming that the industry’s prospects are good, which is not unreasonable, the question remains which casino operator would be the best bet. Let’s examine the three more »

  • Las Vegas Sands' Worldwide Domination

    By Shazir Mucklai - July 9, 2013 | Tickers: CZR, LVS, MGM

    Las Vegas Sands (NYSE: LVS) has been a high flying stock for the past couple of months. This could be because of the company's expansion, high volume, and phenomenal earnings. Las Vegas Sands recently reported its Q1 2013 earnings. The company attracted a horde of tourists and saw a 20% surge in revenue, led by accelerated growth in Macau. For these reasons, I believe that Las Vegas will see more »

  • Is This Casino Stock Worth the Gamble?

    By Leo Sun - June 26, 2013 | Tickers: LVS, MGM, WYNN | Editor's Choice

    It’s been a turbulent two weeks for investors. First, Uncle Ben’s hint at the end of QE3 in 2014 sent the markets into a tailspin. Bond yields spiked to 2-year highs, stocks fell, and market volatility returned with a vengeance. This week, reports that China’s financial system might be facing a liquidity crisis caused all China-related stocks to collapse as well.

    This double pressure from the U more »

  • Should You Wager on this Casino Resort Company?

    By Dan Moskowitz - June 19, 2013 | Tickers: H, LVS, MGM, WYNN

    MGM Resorts International (NYSE: MGM) has cut costs, improved efficiency, and consistently improved revenues over the past three years. MGM reported a loss in 2012, but it managed to turn a small profit last quarter. Though revenue has been impressive, investing in a company that is unable to consistently deliver profitable quarters is risky.

    Will CEO Jim Murren continue to lead MGM in the right direction so profits become commonplace more »

  • The House Always Wins: Can Casino Stocks Follow Suit?

    By Bill Edson - June 18, 2013 | Tickers: LVS, MGM, WYNN

    It is often said that when it comes to gambling, 'the house always wins.' However, it can be true that buying casino stocks in a down market can yield solid long-term profits. The key, as with all investments, is to do one's research and choose wisely.

    Not just in Vegas anymore

    Regional gaming has been increasing in recent years, driven by states and other governing bodies that view the more »

  • Will Zynga's Latest Plan Make or Break the Company?

    By John Casteele - June 14, 2013 | Tickers: EA, MGM, ZNGA

    Once upon a time, it seemed like Zynga (NASDAQ: ZNGA) was all but printing money. Stumbling on to a successful formula for social gaming success, the company seemed ready to take on the world with what was expected to be a wildly successful IPO. Things don't always work out as planned, however. It now seems like every bit of news about the company has at least some people wondering more »

  • Are Casino Stocks Becoming Less of a Gamble?

    By Matthew Frankel - June 11, 2013 | Tickers: LVS, MGM, WYNN

    Casino stocks have always been a favorite of mine (to watch, not necessarily to buy). Having grown up near Atlantic City, I grew up in the gambling culture, and was fascinated both by the atmosphere created by casinos and the business itself. For some reason, a business where people come in and voluntarily give you their money seemed appealing! 

    The stocks of casino companies have been somewhat of a gamble more »

  • 3 Large Casinos to Watch in 2013

    By Bill Edson - June 7, 2013 | Tickers: LVS, MPEL, MGM

    If there's a single trend over the past ten years in the casino business, it has been internationalization. Las Vegas, it would seem, is no longer the gambling capital of the world, it has been overtaken by Macau, China. The domestic economy is still important to most large casino operators, but economic conditions in China are even more important. Let's take a look at a few of the more »

  • Melco Crown Is Not Just A Play On Macau

    By Mark Yagalla - June 5, 2013 | Tickers: LVS, MPEL, MGM, WYNN

    The Philippines is looking to be the next hot spot for gamblers. Melco Crown (NASDAQ: MPEL) is one of only four gaming companies with a license to operate in the Philippines. The company has a joint venture to develop a 967-room, 242-table gaming resort that will be completed in 2014 called the Belle Grande Manila Bay. The best part about this venture is that a $337 million stock sale will more »

  • Don't Expect This Company to Slow Down

    By Nick Chiu - June 3, 2013 | Tickers: MPEL, MGM, WYNN

    Macau, known as “Las Vegas of the East,” has a gaming history stretching back more than three centuries. As the gaming liberalization continues, the Macau government will follow the policy of “moderate supervision, monitoring and control and healthy growth.” For investors interested in a pure Macau gaming play, Melco Crown Entertainment (NASDAQ: MPEL) is a clear choice. Being one of the only few casino operators allowed in Macau and with more »

  • 1 Multi-Billion Dollar Hedge Fund to Watch

    By Meena Krishnamsetty - May 30, 2013 | Tickers: DYN, MGM, STSA

    King Street Capital is one of the largest of the distressed-debt hedge funds we track at Insider Monkey. It primarily invests in equity, bonds, foreign exchange, warrants, and options. The fund was co-founded by Brian Higgins with O. Francis Biondi in 1995, and manages six accounts with a total estimated $19.6 billion in assets under management.

    The fund recently filed its 13F with the SEC, describing some of its more »

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