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MGM, I did not get those....to much stuff going on then.
I DID SEE $6 ?????
Yes, I was in MGM, before crash. I tripled down, basically. Brought my average down, to where I am green.
$MGM 5 yrs.
https://www.stockscores.com/chart.asp?TickerSymbol=MGM&TimeRange=1600&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&avgType1=&movAvg1=&avgType2=&movAvg2=&candles=redgreen
[-chart]www.stockscores.com/chart.asp?TickerSymbol=MGM&TimeRange=1600&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&avgType1=&movAvg1=&avgType2=&movAvg2=&candles=redgreen[/chart]
Yes, you are right. I am holding core, was hoping for bigger dip. Lol
yes, not many are back and filling from coronavirus
Mick, I must admit, guess all gaps don't fill. MGM, onward and upward.
No, just a few gap ups in MGM, recently .
The MGM chart above in I box shows a couple gap ups. I suppose they do not always fill, but could be a quick downward, then up.
you mean from coronavirus lows ?????
Mick, need to fill gaps in MGM chart.
MGM Resorts Internat (MGM)
17.18 ? -0.05 (-0.29%)
Volume: 24,253,273 @05/29/20 7:59:39 PM EDT
Bid Ask Day's Range
- - 16.73 - 17.52
MGM Detailed Quote
Exciting stuff.....
ELON MUSK STOCK GOING TO DA MOON PRE-MARKET MONDA 06-01-2020 , HOW MANY WON AH BET ON DAT STUFF ?????
We watched it, the launch was fantastic to see.
dragon 9 makes history for america & MUSK SPACEX 05-30-2020
We will see it climb.
$MGM CASH COW Cash/sh 12.13
$MGM SELLING 1 TIMES BOOK Book/sh 16.50
$MGM i added some charts for references
Oh absolutely Mick! Nice!
Dunno, on that, always hope so.
I DID, UP SMARTLY
REE;
MGM, mick look at AESE, World Poker Tour
THANK $MGM SEEMS TO BE BIGGER THAN $WYNN
MGM, mick look at AESE, World Poker Tour
You did the I box, good job mick.
ya sumptum to do !!!!!
ree
thank you for sharing
I play midwest, ERI or CZR, and/or PENN owned Casinos. Travel, get rooms Comp. Maybe, that means I lose a lot! Lol
My Wife, her Uncle, myself, the Trio, can not Wait to go to a Casino!!!! Way to long......
i did da ibox
I play midwest, ERI or CZR, and/or PENN owned Casinos. Travel, get rooms Comp. Maybe, that means I lose a lot! Lol
My Wife, her Uncle, myself, the Trio, can not Wait to go to a Casino!!!! Way to long......
MGM Resorts International and MGM Growth Properties LLC Announce Completion of $700 Million Operating Partnership Unit Redemp...
May 18 2020 - 04:15PM
PR Newswire (US) Print
http://ih.advfn.com/stock-market/NYSE/mgm-resorts-MGM/stock-news/82483714/mgm-resorts-international-and-mgm-growth-propertie
LAS VEGAS, May 18, 2020 /PRNewswire/
-- MGM Resorts International ("MGM Resorts") (NYSE: MGM) and
MGM Growth Properties LLC ("MGP") (NYSE: MGP) today announced
that MGP has redeemed 30.3 million of MGM Resorts'
operating partnership units (the "Units") for $700 million.
Following the redemption, MGM Resorts has $700 million remaining
under its agreement with MGP to purchase up to $1.4 billion of
MGM Resorts' Units for cash through February 2022.
LAS VEGAS, May 18, 2020 /PRNewswire/
-- MGM Resorts International ("MGM Resorts") (NYSE: MGM) and
MGM Growth Properties LLC ("MGP") (NYSE: MGP) today announced
that MGP has redeemed 30.3 million of MGM Resorts'
operating partnership units (the "Units") for $700 million.
Following the redemption, MGM Resorts has $700 million remaining under its agreement with MGP to purchase up to $1.4 billion of MGM Resorts' Units for cash through February 2022.
"Today's announcement is another example of our efforts to bolster our already strong liquidity position during the COVID-19 pandemic," said Bill Hornbuckle, Acting CEO and President of MGM Resorts.
"As we gear up to reopen and safely welcome our guests once again
at our properties across the U.S.,
maintaining a strong balance sheet and preserving our financial flexibility remain critical pillars of long-term success.
This transaction both strengthens MGM's balance sheet and delivers significant accretion to MGP.
We continue to see significant value in our MGP stake and are optimistic that future redemptions will occur at higher prices."
MGM Resorts intends to use the $700 million in proceeds to repay amounts drawn under its revolving credit facility.
As of March 31, 2020, excluding MGM China and MGP, and after giving effect to the redemption and MGM Resorts' recent bond offering,
MGM Resorts had liquidity(1) of approximately $5.3 billion.
Upon completion of the transaction, MGM Resorts will have approximately 172 million units, representing a 56.7% economic ownership in MGP.
In addition, MGM Resorts continues to hold significant real estate assets, including its ownership of MGM Springfield,
its 50% interest in CityCenter in Las Vegas and its 56% interest in MGM China.
"We are pleased with the benefits this transaction brings to MGP and
our shareholders," said James Stewart, CEO of MGM Growth Properties.
"The redemption is double digit accretive to our current run-rate AFFO per share while maintaining low financial leverage, and the remaining $700 million unit redemption agreement provides a clear path for future accretion.
This transaction also creates an even stronger liquidity position for our tenant, MGM Resorts, reinforcing our confidence in the stability of our revenue stream and the strength of our business model.
As a result, we believe this should allow us to increase our next quarterly dividend, which would be the eleventh time in four years."
MGP utilized cash on hand to fund the redemption.
As a result of the accretion realized by this transaction, MGP expects that its next quarterly dividend will be increased to $1.95 per share on an annualized basis, a $0.05 increase from its prior rate of $1.90 per share.
In addition, following the transaction, MGP will continue to have over $1 billion of liquidity between cash and cash equivalents and its revolving credit facility with adjusted annualized pro rata net leverage of 4.7x.
(1) Cash and equivalents as of March 31, 2020.
MGM Resorts (excluding MGM China and MGP) cash and equivalents of $3.9 billion as of March 31, 2020, adjusted for $742 million of net proceeds
from issuance of $750 million 6.750% senior notes due 2025 and adjusted for $700 million of proceeds from this redemption.
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations
featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences,
and an extensive array of restaurant, nightlife and retail offerings.
MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands.
The MGM Resorts portfolio encompasses 29 unique hotel and destination gaming offerings in the United States and Macau, including some of the most recognizable resort brands in the industry such as Bellagio, MGM Grand, ARIA and Park MGM.
The Company's 50/50 venture, ROAR Digital LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker.
The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan.
Through its "Focused on What Matters: Embracing Humanity and Protecting the Planet" initiative, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®.
For more information, please visit us at
http://www.mgmresorts.com. Please also connect with us @MGMResortsIntl on Twitter as well as Facebook and Instagram.
About MGM Growth Properties
MGM Growth Properties LLC (NYSE:MGP) is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment
and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings.
MGP, together with its joint venture, currently owns a portfolio of properties, consisting of
12 premier destination resorts in Las Vegas and elsewhere across the United States,
MGM Northfield Park in Northfield, OH,
Empire Resort Casino in Yonkers, NY,
as well as a retail and entertainment district,
The Park in Las Vegas.
As of December 31, 2019, our destination resorts,
the Park,
Empire Resort Casino, and
MGM Northfield Park
collectively comprised approximately 27,400 hotel rooms, 1.4 million casino square footage, and 2.7 million convention square footage.
As a growth-oriented public real estate entity, MGP expects its relationship with MGM Resorts and other entertainment providers to attractively position MGP for the acquisition of additional properties across the entertainment, hospitality and leisure industries.
For more information about MGP, visit the Company's website at http://www.mgmgrowthproperties.com.
Forward-Looking Statements
Statements in this release that are not historical facts are "forward-looking" statements and "safe harbor statements" that involve risks and/or uncertainties, including those described in MGM Resorts' and MGP's public filings with the SEC. MGM Resorts and MGP have based forward-looking statements on current expectations and assumptions and not on historical facts.
Examples of these statements include, but are not limited to, statements MGM Resorts makes regarding the impact of COVID-19 on its business, the expecting timing and price of any future redemptions and the strength of its liquidity position and statements MGP makes with regard to the expected accretion from the transaction, the amount of its dividend and the amounts MGM Resorts expects to receive from such dividends. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the continued impact of the COVID-19 pandemic on the businesses of MGM Resorts and MGP, the general economic conditions and market conditions in the markets in which the companies operate and competition with other destination travel locations throughout the United States and the world, the design,
timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in MGM Resorts' and MGP's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports).
In providing forward-looking statements, neither MGM Resorts nor MGP is undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law.
If MGM Resorts or MGP updates one or more forward-looking statements,
no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.
Non-GAAP Financial Measures
MGP's pro rata net leverage ratio presented in this release is calculated by dividing MGP's total net debt after giving effect to the
redemption, including its pro rata share of the debt at MGP's 50.1% owned joint venture entity, by MGP's annualized Adjusted EBITDA for the quarter ended March 31, 2020.
The following table sets for MGP's calculation of pro rata net leverage as of March 31, 2020.
Since non-GAAP financial measures are not calculated in accordance with GAAP, they should not be considered in isolation of, or as a substitute for, the most directly comparable GAAP financial measures as an indicator of operating performance.
($ in thousands)
Three Months Ended
March 31, 2020
Net income (loss)
($125,322)
Depreciation
62,047
Share of depreciation of unconsolidated affiliate
5,319
Property transactions, net
195,056
Non-cash compensation expense
754
Straight-line rental revenues, excluding lease incentive asset
10,781
Share of straight-line rental revenues of unconsolidated affiliate
(6,352)
Amortization of lease incentive asset and deferred revenue on non-normal tenant improvements
4,627
Acquisition-related expenses
622
Non-cash ground lease rent, net
260
Other expenses
18,368
Loss on unhedged interest rate swaps, net
12,120
Provision for income taxes
1,133
Share of provision for income taxes of unconsolidated affiliate
47
Interest income
(1,091)
Interest expense
49,198
Share of interest expense of unconsolidated affiliate
6,524
Adjusted EBITDA
$234,091
x 4
Annualized Adjusted EBITDA
$936,364
Total principal amount of debt
$4,000,000
Less: Cash and cash equivalents
(1,762,616)
Plus: OP Unit redemption
700,000
Adjusted Net Debt
$2,937,384
Plus: 50.1% of Joint Venture Debt
1,503,000
Pro Rata Net Debt
$4,440,384
Pro Rata Net Leverage
4.7x
Cision View original content:http://www.prnewswire.com/news-releases/mgm-resorts-international-and-mgm-growth-properties-llc-announce-completion-of-700-million-operating-partnership-unit-redemption-301061077.html
SOURCE MGM Resorts International; MGM Growth Properties LLC
Copyright 2020 PR Newswire
/u]
$MGM I HAVE FIVE STATES ALSO !!!!!
WHERE DO YOU WANT TO PLAY?
COLORADO
INDIANA
NEVADA
NEW JERSEY
WEST VIRGINIA
$MGM, READING , THANK YOU.
REE
CNBC says Ceasers and MGM are both opening another casino because of high demand
https://www.cnbc.com/video/2020/05/29/caesars-to-reopen-additional-las-vegas-casino-due-to-high-demand.html
$MGM, READING , THANK YOU.
REE
CNBC says Ceasers and MGM are both opening another casino because of high demand
https://www.cnbc.com/video/2020/05/29/caesars-to-reopen-additional-las-vegas-casino-due-to-high-demand.html
Vegas,vegas!
CNBC says Ceasers and MGM are both opening another casino because of high demand
https://www.cnbc.com/video/2020/05/29/caesars-to-reopen-additional-las-vegas-casino-due-to-high-demand.html
$MGM I KNOW OF ONE !!!!!
Not all....MGM.
$MGM, do ya know all mgm casinos ?????
$MGM been having some good plays my friend !!!!!
Hi Mick! Yes was a nice afternoon, have a great weekend.
MGM RESORTS INTERNATIONAL
3600 Las Vegas Boulevard South
Las Vegas, NV 89109
http://www.mgmgrand.com
(702) 693-7120
MGM Resorts Announces Opening Dates For First Las Vegas Properties PR Newswire (US) - 5/27/2020 2:30:00 PM
Las Vegas Gaming Industry to Offer Testing for Employees Prior to Return to Work PR Newswire (US) - 5/19/2020 4:46:00 PM
GM Resorts Announces Opening Dates For Mississippi Properties PR Newswire (US) - 5/19/2020 9:00:00 AM
MGM Resorts International and MGM Growth Properties LLC Announce Completion of $700 Million Operating Partnership Unit Redemp... PR Newswire (US) - 5/18/2020 4:15:00 PM
MGM Resorts Internat (MGM)
17.18 ? -0.05 (-0.29%)
Volume: 23,528,274 @05/29/20 4:16:37 PM EDT
Bid Ask Day's Range
- - 16.73 - 17.52
MGM Detailed Quote
HI DARE, GOOD AFTERNOON
MGM, "Do you Believe!" Yes, I did. Got to admit, I had a large $sum in this stock. While watching, handfuls of other stocks climb. Yes, it was worth the wait! :)
20 handles in clear view mgm,
lets see how we rise
Get on board asap or get left behind. DKNG, PENN, now mgm turn with no looking back anytime soon.
$42 Q4 2020
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3600 Las Vegas Boulevard South
Las Vegas, NV 89109
As a joint venture between Diaoyutai State Guesthouse of China and MGM Resorts International,
Diaoyutai MGM Hospitality is a platform that operates best-in-class non-casino hotels, residences, retail facilities and entertainment destinations.
In belief of “Combine to Innovate”, it brings the shared hospitality ethos by taking advantages of the combined strength of the parent companies brands.
You no longer need to visit a sportsbook to place a bet! Now available in Nevada, New Jersey, West Virginia, and Indiana.
https://promo.nj.betmgm.com/en/promo/geolocator?orh=www.betmgm.comWHERE DO YOU WANT TO PLAY?
https://sports.co.betmgm.com/en/sports?wm=&btag=&tdpeh=&pid=
https://sports.co.betmgm.com/en/sports?wm=&btag=&tdpeh=&pid=
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