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 July Gambling Revenue Rises 1.5% on Year to MOP24.58 Billion

By Kate O'Keeffe HONG KONG--Macau gambling revenue last month eked out a 1.5% rise as the growth rate in the Chinese casino capital continued to moderate from the aggressive pace of previous years. Total revenue in July was 24.58 billion patacas ($3.08 billion), up from MOP24.21 billion in the same month last year, Macau's Gaming Inspection and Coordination Bureau said Wednesday. The growth rate--the slowest in recent years--was also impacted negatively by a fierce tropical storm in the region last month that dissuaded some gamblers from visiting Macau. Still, the performance managed to exceed some analysts' expectations for a fall in revenue, which would have been the first such decrease recorded since 2009. In the first seven months of the year, revenue rose 17% from the same period in 2011 to MOP173.3 billion. Gambling revenue growth has been strong since the end of 2009, but the pace has slowed considerably this year due to a high base of comparison last year and concern about the sustainability of strong growth in VIP play amid liquidity concerns in China. The most bearish 2012 gambling revenue growth estimates for the territory hover around 11%, compared with growth of 42% in 2011. Macau, the only place in China where casino gambling is legal, is the world's largest gambling center. Last year it earned more than five times the gambling revenue of the Las Vegas Strip. Write to Kate O'Keeffe at kate.o'keeffe@dowjones.com Order free Annual Report for MELCO INTERNATIONAL DEVELOPMENT Visit http://djnweurope.ar.wilink.com/?ticker=HK0200030994 or call +44 (0)208 391 6028 Order free Annual Report for Las Vegas Sands Corp. Visit http://djnweurope.ar.wilink.com/?ticker=US5178341070 or call +44 (0)208 391 6028 Order free Annual Report for MGM Resorts International Visit http://djnweurope.ar.wilink.com/?ticker=US5529531015 or call +44 (0)208 391 6028 Order free Annual Report for Wynn Resorts Ltd. Visit http://djnweurope.ar.wilink.com/?ticker=US9831341071 or call +44 (0)208 391 6028 Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for M G M Mirage (MGM)
DateTimeHeadline
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
08/16/201608:54:51Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
08/16/201607:35:00MGM Resorts International To Increase Its Stake In MGM China...
08/16/201607:32:04Current Report Filing (8-k)
08/16/201606:08:01Current Report Filing (8-k)
08/16/201606:07:19Current Report Filing (8-k)
08/16/201606:06:37Post-effective Amendment to an Automatic Shelf Registration of...
08/12/201616:36:21Statement of Changes in Beneficial Ownership (4)
08/12/201609:21:51Current Report Filing (8-k)
08/09/201616:16:14Current Report Filing (8-k)
08/09/201609:05:50Current Report Filing (8-k)
08/08/201606:08:21Quarterly Report (10-q)
08/04/201608:32:34Current Report Filing (8-k)

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