Research Reports on Resorts & Casinos Equities -- MGM Resorts, Melco Resorts & Entertainment, Las Vegas Sands, and Hilton Grand Vacations
NEW YORK, May 30, 2017 /PRNewswire/ --
Companies in the Hotel/Gaming industry may be divided into two categories: those that operate strictly in the hospitality market, and those that run resorts and/or gaming businesses. Pre-market today, Stock-Callers.com tracks the most recent performances of four Resorts and Casinos stocks, namely: MGM Resorts International (NYSE: MGM), Melco Resorts & Entertainment Ltd (NASDAQ: MLCO), Las Vegas Sands Corp. (NYSE: LVS), and Hilton Grand Vacations Inc. (NYSE: HGV). Learn more about these stocks by accessing their free research reports at:
http://stock-callers.com/registration
MGM Resorts
Shares in Las Vegas, Nevada-based MGM Resorts International ended Friday's session 0.70% higher at $31.82 with a total trading volume of 3.61 million shares. The stock has advanced 2.61% in the last month, 20.21% over the previous three months, and 10.37% on an YTD basis. The Company's shares are trading 9.55% above their 50-day moving average and 15.40% above their 200-day moving average. Moreover, shares of MGM Resorts International, which through its wholly owned subsidiaries, owns and/or operates casino resorts in the US and China, have a Relative Strength Index (RSI) of 63.65.
On May 23rd, 2017, Borgata Hotel Casino & Spa, part of MGM Resorts International, announced that it will be launching the Company's award-winning M life Rewards loyalty program, presenting members with personalized offers, exclusive benefits, and special access across MGM Resorts' unrivaled portfolio. Beginning Wednesday, June 07th, 2017, M life Rewards will supplant My Borgata Rewards loyalty program, allowing guests to play and earn at their favorite MGM Resorts destinations. Free research report on MGM is available at:
http://stock-callers.com/registration/?symbol=MGM
Melco Resorts & Entertainment
Central, Hong Kong-based Melco Resorts & Entertainment Ltd's shares saw a slight drop of 0.23%, closing the day at $21.95. A total volume of 3.12 million shares was traded. The stock has surged 36.08% in the previous three months and 49.15% on an YTD basis. The Company's shares are trading 7.21% above their 50-day moving average and 30.72% above their 200-day moving average. Additionally, shares of the Company, which through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia, have an RSI of 56.33.
On May 15th, 2017, Melco Resorts Finance Limited, a wholly owned subsidiary of Melco Resorts & Entertainment, announced that it proposes to conduct an international offering of senior notes (the "New Notes") due 2025 - the net proceeds from which will be used to fund the redemption of all of its outstanding 5.00% Senior Notes due 2021. The New Notes are proposed to be senior obligations of the Company, ranking equally with all of its existing and future senior indebtedness. The complimentary research report on MLCO can be downloaded at:
http://stock-callers.com/registration/?symbol=MLCO
Las Vegas Sands
Last Friday, shares in Nevada-based Las Vegas Sands Corp. gained 0.12%, closing the session at $58.02. The stock recorded a trading volume of 1.74 million shares. The Company's shares have advanced 9.66% over the previous three months and 8.63% on an YTD basis. The stock is trading 1.18% above its 50-day moving average and 3.18% above its 200-day moving average. Furthermore, shares of Las Vegas Sands, which together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the US, have an RSI of 51.78.
On May 04th, 2017, Sands China Ltd., a subsidiary of Las Vegas Sands, announced its partnership with the World Wide Fund for Nature (WWF), the world's leading conservation organization. The Company announced the launch of WWF's Earth Hour 'Just One' Hotels Programme, joining forces to reduce environmental impact, and giving hotel guests the opportunity to contribute to tackling climate change. Visit us today and access our complete research report on LVS at:
http://stock-callers.com/registration/?symbol=LVS
Hilton Grand Vacations
Orlando, Florida headquartered Hilton Grand Vacations Inc.'s stock finished the session 1.35% lower at $35.83 with a total trading volume of 241,359 shares. The Company's shares have advanced 6.48% in the last month, 19.04% over the previous three months, and 37.81% on YTD basis. The stock is trading above its 50-day and 200-day moving averages by 10.61% and 19.78%, respectively. Additionally, shares of Hilton Grand Vacations, which markets and sells vacation ownership intervals, manages resorts in leisure and urban destinations, and operates a points-based vacation club in the US, have an RSI of 62.08.
On May 03rd, 2017, Hilton Grand Vacations reported its Q1 2017 results. Net income for the quarter was $50 million, EPS was $0.51, and adjusted EBITDA was $94 million. Contract sales for Q1 2017 increased 9.5% from the same period in 2016. Additionally, net owner growth for the 12 months ended March 31st, 2017 was 7.2%. Get free access to your research report on HGV at:
http://stock-callers.com/registration/?symbol=HGV
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SOURCE Chelmsford Park SA
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