The rate increased to MOP 1.15 billion, or approximately $144 million, for the week ended April 21. This marked a 15% increase from the prior week.
MGM rose 4.52% to $24.96 at 12:49 p.m. Other Macau stocks also rose on Tuesday, as Las Vegas Sands (LVS) and Wynn Resorts (WYNN) each rose more than 5%, while Melco Crown Entertainment (MPEL) rose more than 4%.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
TheStreet Ratings team rates MGM RESORTS INTERNATIONAL as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate MGM RESORTS INTERNATIONAL (MGM) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."
Highlights from the analysis by TheStreet Ratings Team goes as follows: