|Day Low/High||55.69 / 56.42|
|52 Wk Low/High||34.88 / 63.38|
MGM Resorts acquired an office on Capitol Hill that will be led by the former chief counsel to retired Sen. Harry Reid (D-NV).
The Obama administration has one interpretation of 1961 Wire Act, but Attorney General nominee Jeff Sessions may have a different reading of the law.
Survey says: Maybe business is getting better.
There's an improved gaming environment in Macau but you'd never know it from the gaming stocks, Cramer says.
Nomura expects Macau gross gaming revenue to rise 9% in January, ahead of its original 6% estimates.
MGM is currently trading at less than 10 times future earnings while competitors are trading at an average of 13.5 times.
Why study charts? Because charts are like the footprints at the scene of the crime, clues to what the big money managers are likely thinking, Cramer says.
If you like gambling stocks, there's an appealing option with no Macau exposure.
Here are Thursday's top research calls, including downgrades for Greif and Red Hat, and new coverage of Las Vegas Sands.
Goldman Sachs identified Las Vegas Sands and MGM Resorts as its top two picks in the gaming sector.
'Integrated resorts' are now legal in Japan following a final parliamentary vote as gaming companies prepare bids to build resorts.
The legalized gambling bill passed today despite opposition, and now it goes back to the lower house for final approval.
Wall Street scores another trifecta of record closes as a rally in the energy and tech sectors drive gains across benchmark indexes.
Bernstein set an 'outperform' rating and $21.50 price target on Melco Crown (MPEL), representing a potential upside of 28% over the stock's previous close.
These names show technical characteristics of bullish or bearish reversal patterns.
The Dow Jones Industrial Average roared to new records on Friday and ended with weekly gains for the fifth time in a row.
Stocks are on track to close at fresh records on Friday as the health care sector makes a comeback after a bruising week.
MGM CEO Jim Murren discussed the National Harbor opening, Atlantic City, Macau and Japan in an exclusive interview with TheStreet.
Stocks move higher on Friday, trading at records, as the health care sector makes a comeback after a bruising week.
U.S. stocks gained steam as the Dow Jones Industrial Average inches closer to 20,000.
A South China Morning Post article had reported that China would halve the amount of withdrawals from ATMs in Macau, causing a run on gaming stocks.
Stock futures move slightly higher on Friday, setting Wall Street to open at record highs after Thursday's session continued the markets' winning streak.
China is halving the amount of money people in Macau withdraw from ATMs as it looks to crack down on money being illegally taken out of the country.
The country is finally on course to approve gaming resorts this year, which is boosting casino stocks in the United States, Macau and Malaysia.
It can take many months or quarters before the market recognizes the value of a downtrodden name.
Japan appears to be close to legalizing gambling following a positive legislative committee vote on Friday.
U.S.-based casino operators MGM Resorts (MGM) and Las Vegas Sands (LVS) have each pledged to invest billions in Japan if gambling legislation is passed.