MGM Resorts International

Most Recent

  • uploads///las vegas strip _
    Consumer

    Buy MGM Stock before Casino Boom Returns

    Today at 7:47 AM ET, MGM Resorts International (NYSE:MGM) stock rose 5.7% to $21.43 in the pre-market session. The stock rose 11.3% on Wednesday.

    By Ambrish Shah
  • uploads///
    Company & Industry Overviews

    Why Disney Is Backing Anti-Casino Initiative in Florida

    Walt Disney (DIS) has spent about $20 million to support a Florida ballot initiative that seeks to restrict casino expansion in the state.

    By Ruchi Gupta
  • uploads///Macao Hotel Inventory
    Macroeconomic Analysis

    Macao Hotel Inventory to Double amid Falling Occupancy

    With over 9,000 hotel rooms, Sands China (LVS) has the largest share of the total hotel inventory in the Macao region, at 60%.

    By Ally Schmidt
  • uploads///ANR
    Consumer

    What Analysts Are Recommending for Major Casinos

    Analysts seem to be favoring MGM Resorts (MGM) stock over the other major casinos. Of the 17 analysts tracking the stock, 16 of them recommend a “buy.”

    By Ally Schmidt
  • uploads///China GDP
    Consumer

    China’s Economy: A Slowdown in Second Half of 2017?

    A weakness in the Chinese economy could adversely affect the spending capacity of the Chinese people, which could lead to fewer visitors at Macao.

    By Ally Schmidt
  • uploads///Hotel invesntory
    Consumer

    Macao Casinos Hope Hotel Supply Will Drive Demand

    Macao’s casinos are trying to change Macao from a gaming-only destination to more of a Las Vegas–like destination.

    By Ally Schmidt
  • uploads///inflation
    Consumer

    What Do Inflation Numbers in Macao Indicate?

    Macao’s annual inflation as measured by the composite consumer price index rose 1.03% YoY (year-over-year) in July 2017.

    By Ally Schmidt
  • uploads///unemployment
    Consumer

    What Unemployment Numbers Tell about Macao Casinos

    In 2000, the unemployment rate in Macao peaked at 7.0%. Since then, tremendous growth in the gaming industry has helped reduce unemployment.

    By Ally Schmidt
  • uploads///Visitor arrivals
    Consumer

    Macao Visitor Arrivals Improve in July 2017

    For July 2017, visitor arrivals increased 4.4% YoY to 2.9 million visitors. However, on a month-over-month basis, visitor arrivals increased 22.7%.

    By Ally Schmidt
  • uploads///new resorts
    Consumer

    Are the New Integrated Resorts Increasing Macao’s Market?

    Macao’s gross gaming revenue growth in the past four months has many analysts believing that the growth is driven by the shift to the mass market.

    By Ally Schmidt
  • uploads///Mass
    Consumer

    VIP Segment Driving Macao Casinos’ Short-Term Recovery

    For the first quarter of 2017, VIP gross gaming revenues rose 16.8% YoY (year-over-year) to MOP 35.6 billion.

    By Ally Schmidt
  • uploads///Revenue
    Consumer

    Macao July Revenues Saw Highest Growth in 2017, Beat Expectations

    According to the Gaming Inspection and Coordination Bureau, Macao’s gross gaming revenues have risen 29.2% YoY to MOP 23.0 billion ($2.9 billion).

    By Ally Schmidt
  • uploads///stock
    Consumer

    Casino Stocks Lose Recovering Streak in August

    Stocks of major Macao casinos have been on the rise since September 2016 when casino revenues started rebounding.

    By Ally Schmidt
  • uploads///Analyst ratings
    Miscellaneous

    What Analysts Recommend for Major Casino Stock

    Analyst recommendations Analysts favor MGM Resorts (MGM) stock over other major casinos’. All 20 analysts tracking the stock recommend “buy.” Seven (35%) of these analysts have “strong buy” recommendations, while the remaining 75% have “buy” recommendations. For Melco Resorts & Entertainment (MLCO), 15 (68.2%) of the 22 analysts tracking the stock recommend “buy,” and 31.8% […]

    By Ally Schmidt
  • uploads///Visitor
    Miscellaneous

    Macao’s Visitor Arrivals Improve in May 2017

    Visitor arrivals increase In May 2017, visitor arrivals rose 3.7% YoY (year-over-year) to 2.6 million visitors. However, month-over-month, visitor arrivals fell 6.3%. Visitor arrivals have been improving since September 2016, except in February 2017, when they fell 5.6% to 2.5 million visitors. In the first five months of the year, visitor arrivals in Macao rose 6.3% […]

    By Ally Schmidt
  • uploads///valuation
    Miscellaneous

    Analyzing Macao Casinos’ Valuation

    Current industry valuation As of June 23, 2017, the Macao casino industry’s valuation stands at 12.1x. However, the average valuation for 2017 is much lower, at 11.3x. However, this valuation is a definite improvement from the lows seen in 2015, when the industry valuation averaged at 9.6x. The industry saw its highest valuation of 16x […]

    By Ally Schmidt
  • uploads///ChinaGDP
    Miscellaneous

    China’s Economy May Spoil Macao’s Party

    China: The key market The Macao region relies heavily on the Chinese mainland, as it garners a huge majority (about 67%) of its visitors and VIP gamers, from China and its neighboring countries. The weakness in the Chinese economy will adversely affect the spending capacity of people in the country, which could lead to a […]

    By Ally Schmidt
  • Miscellaneous

    Macao to See High Growth In Hotel Room Supply

    New inventory The new integrated resorts opened last year by Melco Resorts & Entertainment (MLCO) and Wynn Resorts (WYNN), and those slated to open in the next two years, are set to increase Macao’s hotel inventory by more than a third. At the end of April, Macao had approximately 37,000 rooms. This figure is expected […]

    By Ally Schmidt
  • uploads///inflation
    Miscellaneous

    What Macao’s Inflation Rate Indicates

    Inflation rate Inflation is an overall rise in the price of goods and services in an economy, leading to the fall in purchasing power of money. Macao’s annual inflation, as measured by the composite consumer price index, rose 0.95% YoY (year-over-year) in May 2017, higher than the 0.8% increase seen in April. Macao’s inflation has […]

    By Ally Schmidt
  • uploads///unemployment
    Miscellaneous

    Why Investors Should Watch Macao’s Unemployment Rate

    Unemployment rate The unemployment rate indicates the percentage of the labor force that is currently unemployed but actively seeking employment. In 2000, the unemployment rate in Macao peaked at 7%. Since then, tremendous growth in the gaming industry has helped reduce employment in Macao. Unemployment averaged 3.8% between 1996 and May 2017. Between January and […]

    By Ally Schmidt
  • uploads///new resorts
    Miscellaneous

    Are New Integrated Resorts Expanding Macao’s Market?

    Increasing market In the past four months, Macao’s gross gaming revenue has grown. Many analysts believe that the growth is not coming from cannibalization of existing casinos, but growth in the overall market size due to a shift to the mass market. Macao’s revenue grew 18% YoY (year-over-year) in February and March, followed by a […]

    By Ally Schmidt
  • Miscellaneous

    Macao’s Mass Market Growth Story Remains Promising

    VIP revenue driving short-term growth The recent growth in Macao casino revenue has been driven by the VIP segment. In the first quarter of 2017, VIP gross gaming revenue grew 16.8% YoY (year-over-year) to 35.6 billion Macao patacas. The VIP segment is also showing good signs. The repayment cycle has been maintained at a healthy 20 […]

    By Ally Schmidt
  • uploads///Revenues
    Miscellaneous

    Macao Revenue Beats Expectations by a Wide Margin

    May revenue marks a high point According to the Gaming Inspection and Coordination Bureau, Macao’s gross gaming revenue has risen 23.7% YoY (year-over-year) to 22.7 billion Macao patacas, or $2.8 billion. The revenue growth beat analysts’ estimate by a wide margin. Analysts had forecast Macao’s May revenue to grow 16.5% YoY. May marks the tenth consecutive […]

    By Ally Schmidt
  • uploads///Macao unemployment
    Macroeconomic Analysis

    Why Should Investors Keep a Watch on Macao’s Unemployment Rate?

    Macao’s unemployment rate was as high as 7% in 2000. Growth in the tourism and gaming industry helped to curb the high rate.

    By Ally Schmidt
  • uploads///Macao revenue
    Macroeconomic Analysis

    Macao’s Gaming Revenues Posted Double-Digit Growth in February

    Macao’s casinos reported their seventh consecutive month of revenue growth in February 2017. Casinos’ February revenues rose 18% year-over-year (or YoY) to ~$2.9 billion.

    By Ally Schmidt
  • uploads///Macao stock performance
    Macroeconomic Analysis

    Why Macao’s Casino Stocks Continued to Gain in March

    Macao casino stocks continued to gain value in March 2017. In the month, Wynn Resorts (WYNN) was the biggest gainer with a 19.9% rise.

    By Ally Schmidt
  • uploads///Valuation
    Macroeconomic Analysis

    What’s Priced into Macao Casino Valuations?

    As of January 3, 2016, the Macao casino industry valuation stands at 12.6x. This valuation is lower than the industry average valuation of 12.05x since February 2008.

    By Ally Schmidt
  • uploads///Hotel supply macao
    Macroeconomic Analysis

    Is Oversupply a Concern for Macao Casinos?

    Macao casinos’ $28 billion investment in integrated resorts is set to change the city’s gaming business.

    By Ally Schmidt
  • uploads///new resorts
    Macroeconomic Analysis

    Can New Resorts Lead the Way to Recovery for Macao Casinos?

    Sands Parisian opened its resort in September 2016 and has been leading the mass market recovery ever since.

    By Ally Schmidt
  • uploads///VIP vs Mass
    Macroeconomic Analysis

    Is the Mass Market Shift Working for Macao Casinos?

    As VIP business continues to remain sluggish, casinos are increasingly turning their attention towards the mass market.

    By Ally Schmidt
  • uploads///macao inflation
    Macroeconomic Analysis

    What Do Macao’s Inflation Figures Indicate?

    The annual inflation in Macao fell to 1.5% in November 2016.

    By Ally Schmidt
  • uploads///Macao unemployment
    Macroeconomic Analysis

    Why Should Investors Keep an Eye on Macao’s Unemployment Rate?

    For September 2016 through November 2016, the unemployment rate stood at 1.9%.

    By Ally Schmidt
  • uploads///macao Visitor
    Macroeconomic Analysis

    Is Macao’s Visitor Arrival Trend Improving?

    For November 2016, visitor arrivals remained unchanged as compared to November 2015 and fell 3.4% month-over-month to 2.6 million visitors.

    By Ally Schmidt
  • uploads///Stock
    Macroeconomic Analysis

    Why Were Macao Casino Stocks on a Losing Streak in December?

    After rising for four consecutive months from August to November, Macao casino stocks posted losses in December.

    By Ally Schmidt
  • uploads///Hotel invesntory
    Consumer

    Hotel Inventory Is Rising, but Is There Enough Demand?

    Macao casinos’ $28-billion investment in integrated resorts will change the city’s gaming. Capacity additions should increase the number of slot tables too.

    By Ally Schmidt
  • uploads///new resorts
    Consumer

    Can New Resorts Lead the Way in Macao Casinos’ Recovery?

    Wynn Resorts opened its $4.1 billion Wynn Palace on August 22, 2016, and this may have directly contributed to Macao’s casino industry recovery in August.

    By Ally Schmidt
  • uploads///VIP Vs Mass market
    Consumer

    How Macao’s Attempts to Woo Mass Market Consumers Are Going

    As VIP business remains sluggish, casinos are increasingly turning their attention to woo mass market.

    By Ally Schmidt
  • uploads///unemployment
    Consumer

    Why Macao’s Unemployment Rate Should Stay on Investors’ Radars

    Macao’s unemployment rate reached 7% in 2000. Growth in tourism and gaming helped curb high rates, bringing the average down to ~3.9% from 1996 to May 2016.

    By Ally Schmidt
  • uploads///Inflation
    Consumer

    What Do Macao’s Inflation Numbers Indicate?

    The annual inflation in Macao fell to ~2.1% in July 2016. Inflation has, in fact, been on a declining trend in the region since February 2016.

    By Ally Schmidt
  • uploads///Revenue
    Consumer

    Revival or Luck: Analysts’ Takes on Macao’s Revenue Rise

    After 26 consecutive months of declining revenues, Macao gaming revenues have finally shown a small spurt of growth.

    By Ally Schmidt
  • uploads///Stock
    Consumer

    Macao Casino’s Stock Rises on Revenue Growth

    Macao, the largest gaming hub in the world, has seen big growth in the past decade but has also seen declines since China imposed restrictions in 2014.

    By Ally Schmidt
  • uploads///ican gaming holding
    Company & Industry Overviews

    Icahn’s Tropicana Entertainment: The Gaming Company

    Icahn Enterprises (IEP) owns 68% of the outstanding stock of Tropicana Entertainment through Icahn Enterprises Holding LP (IEH).

    By Jessica Stephans
  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Leveraged Loan Funds Witnessed a Small Outflow Last Week

    According to data from Lipper, leveraged loan funds saw outflows for the third consecutive week. The quantum of outflows came in at $73 million last week.

    By Lynn Noah
  • uploads///US Leveraged Loans Flows
    Company & Industry Overviews

    Leveraged Loan Funds Witness Back-to-Back Outflows

    According to data from Lipper, leveraged loan funds saw their second consecutive outflow last week.

    By Lynn Noah
  • uploads///US Leveraged Loan Market Volumes
    Company & Industry Overviews

    Leveraged Loans Issuance Hit Year-to-Date Record Last Week

    The US leveraged loans market saw an allocation of $9.0 billion worth of dollar-denominated senior loans in the week to April 8.

    By Lynn Noah
  • uploads///US High Yield Bond Fund Flows
    Company & Industry Overviews

    High Yield Bond Funds Saw Inflows while Yields Continued to Fall

    According to Lipper, net inflows from high yield bond funds totaled $1.2 billion in the week ended April 6.

    By Lynn Noah
  • uploads///Junk Bond Yields in  and
    Company & Industry Overviews

    Numericable Issued the Most Junk Bonds in the Week to April 8

    Numericable SFR is a French cable and telecommunications company. It issued dollar-denominated junk bonds worth $5.2 billion on April 6.

    By Lynn Noah
  • uploads///US High Yield Bond Market Issuance
    Company & Industry Overviews

    High Yield Bond Issuance Hit 2016 Record Last Week

    High yield bond issuance surged last week and hit its highest level in 2016 yet due to continued growth in volume.

    By Lynn Noah
  • uploads///Valuation
    Macroeconomic Analysis

    Macao Casino Industry Valuation: What’s Priced In?

    As of December 10, 2015, the Macao casino industry’s valuation stands at 12.9x. This is close to the industry average valuation of 12.5x in April 2008.

    By Ally Schmidt
  • uploads///new resorts
    Macroeconomic Analysis

    Why the Cotai Strip Is Important for Macao Casinos’ Recovery

    Casino operators that have opened resorts on the Cotai Strip are gaining market share at the expense of those who haven’t.

    By Ally Schmidt
  • uploads///gross gaming revenue
    Macroeconomic Analysis

    Have the Tables Turned on Macao Gaming Revenues in 2016?

    Macao casinos’ gaming revenues remained flat at -0.1% in February 2016. February marked the 21st consecutive month of falling revenues.

    By Ally Schmidt
  • uploads///Valuation
    Macroeconomic Analysis

    Why the Macao Casino Industry’s Valuation May Remain Low

    As of December 10, 2015, the Macao casino industry’s valuation stands at 11.10x.

    By Ally Schmidt
  • uploads///Hotel Inventory
    Macroeconomic Analysis

    Macao’s Hotel Inventory to Double amid Falling Occupancy

    With over 9,000 hotel rooms, Sands China (LVS) has the largest share at 60% of Macao’s total hotel inventory.

    By Ally Schmidt
  • uploads///Stock
    Macroeconomic Analysis

    Gaming Stocks Tumble after Mild Recovery in October

    Macao has seen extraordinary growth in the past decade and a half. It has also seen a similar fall ever since the Chinese government imposed anti-corruption restrictions in 2014.

    By Ally Schmidt
  • uploads///Dividend yield
    Earnings Report

    How is the Las Vegas Sands Using Its Cash Flows?

    The Las Vegas Sands is focusing on controlling costs in the already weak Macao region. It generated better cash flows as it focused on the higher margin mass and non-gaming segments.

    By Ally Schmidt
  • uploads///LVS Macao operations
    Earnings Report

    What Can We Expect From Las Vegas Sands in the Macao Market?

    The weakness in the Macao market continues as the region sees gaming revenues decline for the 16th consecutive month as of September 2015.

    By Ally Schmidt
  • uploads///Monthly Net New Cash Flow
    Macroeconomic Analysis

    What Bond Mutual Fund Investors Can Do in a Liquidity Squeeze

    Things look fine for now Previously in this series, we discussed how mutual funds have a notably larger holding of corporate bonds at present than they had before the financial crisis of 2008. We’ve also talked about how regulatory changes could impact the role of banks as market makers. At the same time, the role […]

    By David Ashworth
  • uploads///Wynn actual vs estimates
    Earnings Report

    Wynn Resorts Beats on Earnings in 3Q15: Can it Continue?

    Wynn Resorts’ (WYNN) third quarter numbers missed most Wall Street analysts’ estimates. The company’s revenues for the third quarter fell to $996.3 million.

    By Ally Schmidt
  • uploads///WYNN Q Performance
    Earnings Report

    Overview of Wynn Resorts’ 3Q15 Earnings

    Wynn Resorts’ VIP segment’s turnover fell by a 51% to $12.2 billion, from $25 billion in 3Q15. Mass market revenues fell by 13.7% to $1,197 million.

    By Ally Schmidt
  • uploads///Wynn stock
    Earnings Report

    Overview of Wynn Resorts in September and October

    The third quarter earnings call from Wynn Resorts disappointed investors. The company’s already weak stock fell by more than 7% in after-hours trading.

    By Ally Schmidt
  • uploads///wynn ps
    Earnings Report

    How Does Wynn Resorts Compare to Its Peers?

    The peers are way ahead of Wynn Resorts based on the price-to-sales ratio. The ETFs outperformed Wynn Resorts based on the price movement and PE ratio.

    By Gabriel Kane
  • uploads///Macau casino valuation
    Earnings Report

    Las Vegas Sands’ Valuation Multiple Could Change after Earnings

    As of October 12, 2015, Las Vegas Sands’ (LVS) valuation multiple stands at 11.7x. This is lower than its average forward EV-to-EBITDA multiple of 16.14x.

    By Ally Schmidt
  • uploads///LVS Q estimates
    Earnings Report

    Will Las Vegas Sands Surprise Again in 3Q15?

    Las Vegas Sands is expected to continue reporting grim earnings in 3Q15.
    Analysts expect LVS to post a year-over-year decline in earnings per share and revenue, driven by weakness in business.

    By Ally Schmidt
  • uploads///gross gaming revenue
    Earnings Report

    Are Troubles Over for the Gaming Industry?

    The gaming industry has been heavily dependent on Macao, and the Chinese economy’s troubles don’t seem to be going away soon. Companies are finding new destinations in Japan and Korea to develop the next Macao.

    By Ally Schmidt
  • uploads///Macao stock performance
    Earnings Report

    Why Did Las Vegas Sands Stock Fall Rapidly in September?

    Las Vegas Sands (LVS) stock remained relatively flat or slightly lower in July and August. But the steepest fall came in September, dragging the stock down about 18% in a short time span.

    By Ally Schmidt
  • uploads///Macao stock performance
    Earnings Report

    Las Vegas Sands Missed Top and Bottom Line Estimates for 2Q15

    Las Vegas Sands (LVS) had a difficult second quarter, missing both top line and bottom line estimates. The top line fell 19.4%, while operating income fell 28.3%.

    By Ally Schmidt
  • uploads///Macao valaution
    Macroeconomic Analysis

    The Valuation of Macao Casino Stocks

    Macao’s shift from VIP gaming to the mass gaming market and non-gaming revenue is expected to benefit Macao in the long run.

    By Ally Schmidt
  • uploads///Macao gaming tables growth
    Macroeconomic Analysis

    Will New Capacity Additions Drive Future Growth for Macao Casinos?

    In May 2015, Galaxy Entertainment doubled its capacity with its two new projects: Galaxy Phase 2 and Studio City.

    By Ally Schmidt
  • uploads///Visitor arrivals
    Macroeconomic Analysis

    Macao Visitor Arrivals Also Decline

    The Macao strip has seen a slump in the number of visitor arrivals since the Chinese government’s strict crackdown on corruption.

    By Ally Schmidt
  • uploads///gross gaming revenue
    Macroeconomic Analysis

    Gross Gaming Revenue and Revenue per Visitor Continue to Decline

    After witnessing a decade of exceptional growth in revenues, the Macao casino industry is going through its worst fall with July marking 14 straight months of declining gaming revenues.

    By Ally Schmidt
  • uploads///Macao stock performance
    Macroeconomic Analysis

    Macao Casino Stocks Continue to Tumble

    Macao casino revenues have been falling ever since the Chinese government imposed stricter regulations in June 2014.

    By Ally Schmidt
  • uploads///disposable income
    Macroeconomic Analysis

    Why Should Investors Watch China’s Disposable Income?

    A major percentage of visitors at the Macao casinos are from China. In May 2015, the visitors from China contributed to about 66% of the total arrivals.

    By Ally Schmidt
  • uploads///Macau casino Visitors
    Macroeconomic Analysis

    Despite a Slowing Gaming Market, Visitor Arrivals Rise in Macao

    The gaming market in Macao has seen a steep fall in the past year due to a fall in the number of VIP or high-net value visitors in the city.

    By Ally Schmidt
  • uploads///revenue per visitor
    Macroeconomic Analysis

    Macao’s Revenue per Visitor Continues to Fall

    Macao’s gaming revenue per visitor was at 999.6 Macanese pataca in May 2015—a rise of 6% from 942.4 in April 2015. This came after a huge fall in April 2015.

    By Ally Schmidt
  • uploads///Monthly Revenue
    Macroeconomic Analysis

    Macao’s Gambling Revenue Continued to Fall in June 2015

    The casino industry in Macao witnessed its 13th straight month of falling revenue in June 2015. For June, the revenue fell by about 36% YoY to $2.17 billion.

    By Ally Schmidt
  • uploads///Wynn Investor Presentation EBITDA
    Fund Managers

    Wynn Resorts Is a New Addition to Bridgewater’s 4Q14 Portfolio

    Bridgewater Associates started a position in Wynn Resorts (WYNN) during the fourth quarter of 2014.

    By Samantha Nielson
  • uploads///Part
    Macroeconomic Analysis

    Macau’s inflation rate falls again

    When inflation decreases, consumers have greater purchasing power and a higher spending capacity. This is a positive sign for casino resort companies.

    By Shawn Bolton
  • uploads///Part
    Macroeconomic Analysis

    Why Macau’s gambling revenue per visitor increased

    Macau’s average gaming revenue per visitor is ~$1,200–$1800, roughly 8–10 times higher than the Las Vegas Strip’s average gaming revenue per visitor.

    By Shawn Bolton
  • uploads///Part
    Macroeconomic Analysis

    Why Macau’s gambling revenue halved in February 2015

    Macau’s restriction on using China UnionPay debit cards at casinos to curb illegal money flow could be a factor in February’s drop in gambling revenues.

    By Shawn Bolton
  • uploads///Part
    Macroeconomic Analysis

    US unemployment rate hits six-year low, another plus for leisure

    The US unemployment rate increased slightly in January to 5.7% compared to 5.6% in December. The number of new jobs in January was expected to be 234,000.

    By Shawn Bolton
  • uploads///Part
    Macroeconomic Analysis

    US consumer sentiment hits 11-year high, good for casinos

    The US consumer sentiment index was 98.1 in January, up from 93.6 in December. This is an 11-year high, the highest on a final basis since January 2004.

    By Shawn Bolton
  • uploads///Part
    Macroeconomic Analysis

    Disposable income increases, drives demand for leisure

    Real disposable income increased 3.7% year-over-year. This boosts consumer buying power and means consumer spending in leisure activities may increase.

    By Shawn Bolton
  • uploads///Part
    Macroeconomic Analysis

    Las Vegas sees pricing improvements, visitor arrivals remain flat

    Revenue per available room (or RevPar) was $122.03 in January 2015, up 10.2% year-on-year. RevPAR increased on account of pricing improvements at the Strip.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    MGM’s share price has huge upside potential

    MGM’s share price hasn’t been impacted much by the anti-corruption campaign in China. The campaign took a toll in 3Q14. Its business has ~33% exposure in Macau.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    MGM’s earnings plunged, but domestic operations set a record

    MGM derives one-third of its revenue from China. It witnessed a significant decline in revenue and earnings due to a lack of VIP participation.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    MGM’s hotel revenue was driven by higher convention mix

    Hotel revenue at MGM’s wholly owned domestic resorts for the three months ending December 31, 2014, increased 6% YoY.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    Why did MGM Resorts’ revenue fall in 4Q14?

    For 4Q14, the net revenue was $2,386 million—down by 5.1% on a year-over-year, or YoY, basis. On a quarter-over-quarter basis, net revenue fell 4%.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    MGM Resorts – a global leader in hospitality and entertainment

    MGM Resorts (MGM) was founded in 1986. It’s based in Nevada. It’s one of the leading global hospitality and entertainment companies.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Wynn’s share price drops immediately post 4Q14 results

    Wynn Resorts’ (WYNN) share price plummeted 6.1% immediately after its 4Q14 results. However, the share price should gain momentum once new resorts are open.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown is positioned to exploit mass market growth in Macau

    Melco Crown Entertainment’s mass market table games segment is still the major driver in Macau. In 2014, Macau’s visitation increased by 7.5% YoY.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why Melco Crown’s rolling chip volume decreased in 4Q14

    Rolling chip volume refers to the amount of non-negotiable chips wagered and lost by the rolling chip market segment. It’s largely represented by VIP players.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown Entertainment’s 4Q14 revenue decreased

    For the full year ending December 31, 2014, Melco Crown Entertainment reported net revenue of $4.8 billion—down 5.9% YoY.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown Entertainment’s operations are focused on Asia

    Established in 2004, Melco Crown Entertainment (MPEL) owns, develops, and operates casino gaming and entertainment resort facilities. It’s focused on Asia.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Baccarat gambling declined heavily on the Las Vegas Strip

    On the Las Vegas Strip, the total casino revenue fell 16.4% to $555 million in December 2014. Baccarat gambling accounted for the largest share of the decline.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Las Vegas experienced record annual visitors in full-year 2014

    Las Vegas’ lodging market occupancy level remained well above the US historical norm. The average occupancy at the Las Vegas Strip was ~78.4% in December 2014.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why the US casino market performed well

    Today, a number of US-based casino companies have operations in foreign markets—like Macau. Also, they’re developing new properties in Macau.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Hotel occupancy is way up at Wynn Macau and Wynn Las Vegas

    WYNN’s hotel occupancy increased at Macau and Las Vegas in 4Q14. Macau had 98.6% and Las Vegas had 82.1% compared to 96.7% and 80.8%, respectively, in 4Q13.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Wynn Resorts’ EBITDA takes its biggest nosedive since 2009

    WYNN’s adjusted property EBITDA fell a whopping 29.3% year-over-year to $352 million, the biggest year-over-year fall since the second quarter of 2009.

    By Shawn Bolton
  • uploads///Part
    Consumer

    VIPs are cautious as Wynn Resorts’ table games win suffers

    WYNN’s VIP table games drop in 4Q14 was $20.7 billion, 39.9% lower than 4Q13. Drop is cash and net markers issued and deposited in a gaming table drop box.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Wynn Resorts: A leading operator of destination casino resorts

    Wynn Resorts (WYNN) operates Wynn Macau and Wynn Las Vegas, with casino hotel resorts in Macau, China, and Las Vegas, Nevada.

    By Shawn Bolton
    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.