ADVFN - Advanced Financial Network.
HOME» NYSE » M » MGM Stock Price » MGM Stock News

M G M Mirage Share News

 Mgm Mirage Stock Price
MGM Stock Price
 Mgm Mirage Stock Chart
MGM Stock Chart
 Mgm Mirage Stock News
MGM Stock News
 Mgm Mirage Company Information
MGM Company Information
 Mgm Mirage Stock Trades
MGM Stock Trades

MGM China First-Half Net Profit Nearly Quintuples To HK$1.91 Billion

HONG KONG -(Dow Jones)- MGM China Holdings Ltd. (2282.HK), which is 51% owned by MGM Resorts International (MGM), on Friday said its net profit in the first half of the year nearly quintupled amid soaring gambling revenue growth in Macau. The casino operator's net profit totaled HK$1.91 billion ($245 million) for the six months ended June 30, leaping from HK$397.3 million a year earlier, the company said in a statement. Operating revenue for the period rose 95% to HK$9.86 billion from HK$5.06 billion a year earlier, MGM China added. The company didn't recommend a dividend. MGM China, a casino joint venture between MGM Resorts and tycoon Stanley Ho's daughter Pansy Ho, started trading in Hong Kong in June following an initial public offering that raised $1.6 billion and priced at the top of its indicative range, reflecting investor optimism about the booming gambling industry in Macau, the only place in China where casino gambling is legal. Gambling revenue in the territory rose 45% year-over-year in the first half of 2011. MGM Resorts last week reported second-quarter earnings which included financial information on MGM China. -By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002;

Stock News for M G M Mirage (MGM)
11/25/201514:40:02The Best Stock in Gaming Today
11/25/201510:00:00MGM Resorts Employees Raise Food for Three Square Food Bank
11/21/201510:09:02Macau Government Gives Grim Outlook for Gaming
11/19/201517:46:00MGM Resorts Named One of the "Best Places to Work for LGBT Equality";...
11/19/201516:55:35Statement of Changes in Beneficial Ownership (4)
11/17/201507:00:00Beau Rivage Resort & Casino Announces Holiday Events And Entertainment
11/16/201518:15:03Las Vegas' New Mega-Resort Is a Big Risk For The Strip
11/12/201518:40:10Statement of Changes in Beneficial Ownership (4)
11/12/201517:00:03Is Now the Right Time to Buy Las Vegas Sands?
11/11/201507:00:00MGM Resorts International to Host More Than 70 Wounded Warriors...
11/10/201510:00:17Gaming Stocks Are on a Tear -- Here's Why
11/09/201517:38:40Statement of Changes in Beneficial Ownership (4)
11/09/201517:28:48Statement of Changes in Beneficial Ownership (4)
11/09/201517:27:02Statement of Changes in Beneficial Ownership (4)
11/09/201517:22:44Statement of Changes in Beneficial Ownership (4)
11/09/201517:20:05Statement of Changes in Beneficial Ownership (4)
11/09/201517:18:25Statement of Changes in Beneficial Ownership (4)
11/09/201517:17:32Statement of Changes in Beneficial Ownership (4)
11/09/201517:15:48Statement of Changes in Beneficial Ownership (4)
11/09/201508:00:03MGM REIT: Right Move or Smoke and Mirrors?

M G M Mirage and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations