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4-Traders Homepage  >  Equities  >  Nyse  >  MGM Resorts International    MGM

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Nevada Gambling Revenue Slumps Almost 11% In March

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05/10/2012 | 06:32pm CEST

The Nevada Gaming Control Board said Thursday that gambling revenue in the state fell almost 11% in March, to $854.6 million.

The drop was led by the Las Vegas Strip, which accounts for more than half the total and experienced a 14.9% decline to $448.7 million for the month.

However, fiscal year-to-date revenue is still up 2.2% statewide and 3% on the Strip.

Shares of major Strip operators were mixed with MGM Resorts International (>> MGM Resorts International) and Las Vegas Sands Corp. (>> Las Vegas Sands Corp.) both up less than 1% while Wynn Resorts Ltd. (WYNN) was down 1%.

--William Spain, 415-439-6400; AskNewswires@dowjones.com

Stocks mentioned in the article : MGM Resorts International, Las Vegas Sands Corp.
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Financials ($)
Sales 2017 10 873 M
EBIT 2017 1 799 M
Net income 2017 680 M
Debt 2017 11 045 M
Yield 2017 1,37%
P/E ratio 2017 26,28
P/E ratio 2018 20,21
EV / Sales 2017 2,63x
EV / Sales 2018 2,09x
Capitalization 17 549 M
Chart MGM RESORTS INTERNATIONAL
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MGM Resorts International Technical Analysis Chart | MGM | US5529531015 | 4-Traders
Technical analysis trends MGM RESORTS INTERNATIONAL
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 37,5 $
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
James Joseph Murren Chairman & Chief Executive Officer
William Joseph Hornbuckle President
Corey I. Sanders Chief Operating Officer
Daniel J. D'Arrigo Chief Financial Officer & Executive Vice President
Roland A. Hernandez Lead Independent Director
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