Pandemic-hit Macau casinos look to play long game with cash pile [Reuters]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.mgmresorts.com
Company Research
Source: Reuters
Pandemic-hit Macau casinos look to play the long game with cash pile HONG KONG (Reuters) - Light on debt and cash rich, Macau’s Galaxy Entertainment ( 0027.HK ) is bleeding $3 million daily in operating cost as the coronavirus crisis upends its casino business. Such a jolt could sink most companies - a risk not taken lightly by global policymakers who have delivered various measures over the past two months to help cushion corporate losses. Yet Galaxy and many of its counterparts in the world’s biggest gambling hub have enough cash on hand to ride out the storm and, surprisingly, even survive on zero revenue for several months to a few years. Having enjoyed robust earnings growth in recent years, thanks to insatiable gaming demand from mainland Chinese, the balance sheets of Macau’s casino operators stand tall over those in Las Vegas, which are saddled with much higher debt. A Reuters calculation shows the Macau casino operators came into 2020 with a cumulative cash position of just
Show less
Read more
Impact Snapshot
Event Time:
MGM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MGM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MGM alerts
High impacting MGM Resorts International news events
Weekly update
A roundup of the hottest topics
MGM
News
- New Survey Data Reveals Consumer Concerns and Opportunities Surrounding Community Pools within MunicipalitiesPR Web
- Can Keyword Trends Help Predict Stock Movement? [Forbes]Forbes
- MGM casino exec flags major headwinds hurting its pockets in 2025 [Yahoo! Finance]Yahoo! Finance
- MGM Resorts International (MGM) Yet Again Delivers Record Revenue in Q3 [Yahoo! Finance]Yahoo! Finance
- The Rose Gaming Resort brings jobs, revenue, and slots to Virginia [Yahoo! Finance]Yahoo! Finance
MGM
Earnings
- 10/30/24 - Miss
MGM
Sec Filings
- 11/12/24 - Form SC
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- MGM's page on the SEC website