{"id":13932,"date":"2014-01-29T08:30:50","date_gmt":"2014-01-29T13:30:50","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=13932"},"modified":"2014-01-29T08:20:36","modified_gmt":"2014-01-29T13:20:36","slug":"mgm-resorts-international-nysemgm-sees-upside-in-january","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/mgm-resorts-international-nysemgm-sees-upside-in-january-13932","title":{"rendered":"MGM Resorts International (NYSE:MGM) Sees Upside In January"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 01\/29\/2014 (wallstreetpr) &#8211; MGM Resorts International (NYSE:MGM) the entertainment and recreational major in the hospitality industry is well poised for some great growth during this fiscal if analysts are to be believed. Early in January, Morgan Stanley chose to show MGM the thumbs-up. The analyst has since moved the group to Overweight upgrade, letting MGM gain by over 1.7% on the stock market. The analysts revised the price target to $28.<\/p>\n<p style=\"text-align: justify;\">MGM Resorts International (NYSE:MGM) as one of the main players on the casino entertainment scene has been one of the flagship stocks for this sector. However, the reality of casino\u2019s in Macau, the epicentre of casino gaming has always affected the fortunes of this hospitality group. Early January saw MGM surge on the stock market due to increase in activity across all Macau-based players such as Melco Crown, Las Vegas Sands as well as Wynn Resorts.<\/p>\n<p style=\"text-align: justify;\"><b>Well positioned for growth<\/b><\/p>\n<p style=\"text-align: justify;\">MGM Resorts International (NYSE:MGM), it appears is well on its way to see higher growth in its sector. At the start of the new year, analysts concluded that the overall growth of the company in the year 2013 has been consistent, with the shares indicating steady growth and showing 85% gains.<\/p>\n<p style=\"text-align: justify;\">MGM Resorts International (NYSE:MGM) had reported better third quarter performance. The improvement in revenues was recorded at 9% in comparison to previous quarters in 2012. The EPS was drop was recorded to be 0.07. This indicated an overall better performance of 81% over the fourth quarter for the year earlier, when the company had recorded loss of 0.37 EPS. In comparison the overall income for operations in the third quarter for this recreation and hospitality major is to the tune of $247.8 million.<\/p>\n<p style=\"text-align: justify;\">As more and more Chinese from the mainland chose to play on the world\u2019s largest casino playing ground, the stock positions across the sector, which includes MGM Resorts International (NYSE:MGM) fortunes too are likely to explode.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 01\/29\/2014 (wallstreetpr) &#8211; MGM Resorts International (NYSE:MGM) the entertainment and recreational major in the hospitality industry is well poised for some great growth [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":13933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[4052,974],"stock_ticker":[],"class_list":["post-13932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-mgm-resorts-international-nysemgm","tag-nysemgm","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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