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)
04/18/201510:05:02Billionaires in Bitter Fight Over the Heart of Las Vegas
04/18/201508:00:03The Smart Way to Get Rich Off Las Vegas Casinos
04/16/201516:57:33Proxy Statment - Contested Solicitations (definitive) (defc14a)
04/16/201512:00:00Now Open: Bellagio Debuts LAGO By Julian Serrano Front-And-Center...
04/16/201508:30:00MGM Resorts International Announces Conversion Of 4.25% Convertible...
04/15/201518:58:01MGM Resorts International Stock Rating Reaffirmed by Credit Suisse...
04/15/201518:20:03Macau's Casinos May Take Another Hit From China
04/13/201512:22:00Additional Proxy Soliciting Materials - Non-management (definitive...
04/13/201508:59:55MGM Resorts digs in with board vote coming up
04/13/201508:32:26Additional Proxy Soliciting Materials (definitive) (defa14a)
04/13/201508:31:50Proxy Statment - Contested Solicitations (definitive) (defc14a)
04/13/201508:30:00MGM Resorts International Files Definitive Proxy Materials And...
04/11/201511:00:033 Things Las Vegas and MGM Resorts International Investors Should...
04/09/201511:29:28Big move in Macau stocks as operators eye new markets
04/09/201510:44:43Proxy Soliciting Materials (revised) (prrn14a)
04/09/201510:20:09MGM Resorts Unveils Special Dividend
04/09/201508:30:00MGM Resorts International and Infinity World Announce the Approval...
04/08/201522:57:43Pacquiao-Mayweather payday looms for MGM Resorts
04/08/201519:04:02Buy MGM Resorts International? 5 Reasons Yes; 1 Big Reason No
04/08/201516:20:02The One Casino Company to Buy Today

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