|Day's range||15.30 - 15.48|
MGM Resorts' (MGM) increased focus on international expansion bodes well. However, subdued visitation in Macau is a concern.
Key Insights Institutions' substantial holdings in MGM Resorts International implies that they have significant...
A group of companies operating prominent hotels on the Las Vegas strip on Monday asked a U.S. court to dismiss a lawsuit filed by tourists accusing them of conspiring to keep room rental rates artificially high through a revenue management platform. Lawyers for Caesars Entertainment Inc, Treasure Island LLC, Wynn Resorts Holdings LLC, MGM Resorts International and other defendants said in a court filing that two tourists who filed the case in January did not show any direct or circumstantial evidence backing their allegation of a conspiracy. "The complaint fails at the outset because it is missing every essential ingredient necessary to plead an antitrust conspiracy" under legal precedent, the attorneys said in a jointly submitted filing in Nevada federal court.