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

Macau February Gambling Revenue Up 22% On Year At MOP24.29 Billion

HONG KONG -(Dow Jones)- Gambling revenue in Macau rose 22% in February from a year earlier, government statistics showed Thursday, as players from mainland China continued to fuel solid growth, though not at the blistering pace recorded last year. Gambling revenue in Macau, the only place in China where casino gambling is legal, rose to MOP24.29 billion (US$3.04 billion) last month, up from MOP19.86 billion a year earlier, according to data from Macau's Gaming Inspection and Coordination Bureau. The growth was strong considering the week-long Lunar New Year holidays fell in January this year versus February last year, said CLSA analyst Aaron Fischer. "This impressive growth highlights Macau's still-strong momentum on top of two exceptional years. We are not changing our 15% full-year forecast, but it seems pretty conservative if we consider that growth will step up when Sands China Ltd. (1928.HK) opens its new casino resort this year," he said. Macau's revenue growth has been explosive since the end of 2009 as players have continued to place bets regardless of China's tightening measures and local government policies aimed at slowing growth to a more measured pace. Analysts expect the pace of growth to slow in 2012, however, due to a high base of comparison last year and concerns about the sustainability of the fierce growth in VIP play. The most bearish gambling revenue growth estimates for the territory hover around 11% compared with last year's 42% rise. The Chinese territory remains the largest gambling center in the world many times over. Last year it raked in more than five times the gambling revenue of the Las Vegas Strip. -By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002; kathryn.okeeffe@dowjones.com

Stock News for M G M Mirage (MGM)
DateTimeHeadline
09/27/201610:00:00Legendary Singer-Songwriter Stevie Nicks Will Be First Artist...
09/27/201608:30:00MGM Resorts International To Present At The Deutsche Bank Leveraged...
09/23/201608:30:00MGM Resorts International To Present At The UBS & Deutsche Bank...
09/16/201608:30:00MGM Resorts International And MGM China Holdings Limited To Present...
09/09/201609:00:00The Theater at MGM National Harbor Partners Exclusively With...
09/07/201613:22:00Libertine Social Delivers Ultimate Social Dining Experience At...
09/07/201610:17:00Legendary Folk Artist Bob Dylan's First Permanent Public Work...
09/01/201618:13:36Statement of Changes in Beneficial Ownership (4)
09/01/201610:21:56Amended Statement of Beneficial Ownership (sc 13d/a)
09/01/201609:53:59Statement of Changes in Beneficial Ownership (4)
09/01/201609:32:41Prospectus Filed Pursuant to Rule 424(b)(7) (424b7)
09/01/201609:27:00MGM Resorts International Closes Acquisition Of Additional Stake...
08/19/201616:32:33Current Report Filing (8-k)
08/19/201609:06:00MGM Resorts International Completes $500,000,000 Senior Notes...
08/17/201616:39:39Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
08/17/201615:55:26Amended Statement of Beneficial Ownership (sc 13d/a)
08/16/201617:21:00MGM Resorts International Prices $500,000,000 In Senior Notes
08/16/201616:53:43Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
08/16/201616:22:32Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
08/16/201609:00:00MGM Resorts International Announces Proposed Senior Notes Offering

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad