NEW YORK, May 4, 2018 /PRNewswire/ -- If you want a free Stock Review on MLCO, MGM, NCLH, and PENN sign up now at www.wallstequities.com/registration. WallStEquities.com draws investors' attention to the Resorts and Casinos industry, which comprises companies that operate standalone resorts, casinos, or a combination of both. In this morning's lineup are the following equities: Melco Resorts & Entertainment Ltd (NASDAQ: MLCO), MGM Resorts International (NYSE: MGM), Norwegian Cruise Line Holdings Ltd (NYSE: NCLH), and Penn National Gaming Inc. (NASDAQ: PENN). All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration
Melco Resorts & Entertainment
Hong Kong-based Melco Resorts & Entertainment Ltd's shares saw a slight decline of 0.19%, finishing Thursday's trading session at $31.90. A total volume of 3.08 million shares was traded, which was higher than their three months average volume of 2.37 million shares. In the last month and the previous three months, the stock has advanced 13.24% and 6.12%, respectively. Additionally, the Company's shares have gained 41.90% over the past year. The stock is trading above its 50-day and 200-day moving averages by 10.03% and 23.44%, respectively. Moreover, shares of the Company, which through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia, have a Relative Strength Index (RSI) of 62.49.
On April 23rd, 2018, Melco Resorts & Entertainment has partnered with digital entertainment platform Garena to host the 2018 League of Legends Master Series (LMS) Spring Final at Studio City Macau. The LMS tournament was held on April 22nd, 2018, in Macau for the first time as one of the enclave's largest eSports events before an audience of 2,000. Get the full research report on MLCO for free by clicking below at: www.wallstequities.com/registration/?symbol=MLCO
MGM Resorts International
On Thursday, shares in Nevada-based MGM Resorts International recorded a trading volume of 8.08 million shares. The stock ended the session 0.19% higher at $31.28. The Company's shares have gained 0.55% over the past year. The stock is trading 6.27% below its 200-day moving average. Furthermore, shares of MGM Resorts, which through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the US and China, have an RSI of 34.92.
On April 16th, 2018, MGM Resorts (MGM), along with its venture partner, announced the execution of a definitive agreement to sell the Grand Victoria Casino in Elgin, Illinois, of which a subsidiary of the Company owns a 50% interest, to Eldorado Resorts, Inc. for $327.5 million in cash, subject to a working capital adjustment. MGM will receive its 50% share of the net proceeds, or approximately $162 million, after certain transaction costs.
On April 27th, 2018, research firm Telsey Advisory Group reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $39 a share to $34 a share. To experience our free membership services anytime/ anywhere and access the free report on MGM, click to register at: www.wallstequities.com/registration/?symbol=MGM
Norwegian Cruise Line Holdings
Shares in Florida headquartered Norwegian Cruise Line Holdings Ltd closed at $51.10, down 1.79% from the last trading session. The stock recorded a trading volume of 2.01 million shares. The Company's shares are trading 6.70% below their 50-day moving average. Additionally, shares of Norwegian Cruise Line, which together with its subsidiaries, operates as a cruise company, have an RSI of 36.43.
On April 18th, 2018, research firm Deutsche Bank upgraded the Company's stock rating from 'Hold' to 'Buy', with a target price of $66 per share.
On April 24th, 2018, Norwegian Cruise Line announced the expansion of its Board of Directors with the appointment of Ms. Pamela Thomas-Graham as a new independent member, effective April 23rd, 2018. Ms. Thomas-Graham's appointment increases the Board from nine to 10 members, seven of whom are independent. She will also serve as a member of the Company's Audit Committee. Join our big investor community at Wall St. Equities today and get your free report on NCLH at: www.wallstequities.com/registration/?symbol=NCLH
Penn National Gaming
Pennsylvania-based Penn National Gaming Inc.'s stock ended 0.23% lower at $30.50 with a total trading volume of 1.28 million shares. The Company's shares have advanced 17.26% in the last month and 61.03% over the past year. The stock is trading above its 50-day and 200-day moving averages by 13.36% and 16.56%, respectively. Furthermore, shares of the Company have an RSI of 71.89.
On April 12th, 2018, Penn National Gaming announced that at its meeting that day, the Illinois Gaming Board approved the proposed financing for the Company's pending acquisition of Pinnacle Entertainment, Inc., subject to customary conditions. The completion of the proposed transaction is contingent on receipt of additional regulatory approvals, as well as certain other conditions. Know more about PENN in our free research coverage at: www.wallstequities.com/registration/?symbol=PENN
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