Gaming analyst boosts MGM Resorts prospects

8 December 2010

LAS VEGAS, Nevada -- Sterne Agee gaming analyst David Bain has given a boost to MGM Resorts International.

In research note to investors, Bain upped his prospects for the Strip casino giant ahead of Thursday's release of Nevada's October statewide casino revenues by the Gaming Control Board.

"Our checks with Nevada operators lead us to believe the report will show at least pockets of strength in terms of gaming volume, and not just win statistics," Bain told investors. He increased his price per share target for MGM Resorts from $9 to $12.50.

"Sentiment may turn slightly more bullish for MGM," he said.

Bain also believes MGM Resorts could complete a loan refinancing deal for the CityCenter development by the end of the month. The company and CityCenter joint venture partner Dubai World are seeking to renegotiate terms of about $1.8 billion in financing.

"We believe the finality of such a refinancing will be a near-term event," Bain said.

Related Links
MGM Resorts International Ownership Details
Nevada Gambling


Copyright GamingWire. All rights reserved.
Featured Vendors
Casino Essentials
Slot Machines Unlimited
Casino Essentials
The Ultimate Online Training Platform for the Casino Industry
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Casino Schedule Ease
Castle Merchandising Inc
Casino Schedule Ease
Get a 90-Day Free Trial of 100% contactless, customizable table game & full casino scheduling
Castle Merchandising Inc
Brand Name Products for your Player Rewards and Loyalty Programs
Casino City Press
Bar Maid Corporation
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Bar Maid Corporation
Clean and dry thousands of chips, dice and tiles per hour with the high-speed CHIP CHAMPION machine!
Betson Imperial Parts & Service
RSA Executive Search
Betson Imperial Parts & Service
You one stop shop for all your gaming and OEM needs!
RSA Executive Search
A Boutique Search firm specializing in the Recruitment of Hospitality and Gaming Entrepreneurs
Slot-Tickets Worldwide
Rymax Marketing Services, Inc.
Slot-Tickets Worldwide
Slot-Tickets® Worldwide, The Original and Still the Best.
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Broadband Hospitality
Sunkist Graphics, Inc.
Broadband Hospitality
Improve these critical guest-facing amenities: In-room TV, Wi-Fi, Mobile App. Priced right. All here
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Gaming Tickets, Inc.
TribalHub
Gaming Tickets, Inc.
35 years in the gaming industry - premium quality slot tickets, lottery tickets on time under budget
TribalHub
22nd Annual TribalNet Conference & Tradeshow Nov 8-11, 2021 Gaylord Texan Resort, Grapevine TX


Your Guide to 15,699 Gaming Industry Suppliers