Las Vegas Arena Company, owned by AEG and MGM Resorts International (NYSE:MGM), broke ground on a world-class, privately funded, $375 million indoor arena set to open in spring 2016. Located west of the Las Vegas Strip, between New York-New York and Monte Carlo resorts, the new 20,000-seat arena will host boxing , UFC and other sporting events, major headline entertainment, awards shows and special events. MGM Resorts International (NYSE:MGM) shares after opening at $25.16 moved to $25.66 on last trade day and at the end of the day closed at $25.39. Company price to sales ratio in past twelve months was calculated as 1.27 and price to cash ratio as 6.90. MGM Resorts International (NYSE:MGM) showed a positive weekly performance of 3.42%.
Boyd Gaming Corporation (NYSE:BYD) reported financial results for the first quarter ended March 31, 2014. Boyd Gaming reported first-quarter 2014 net revenues of $708.3 million, compared to $735.6 million during the same quarter in 2013, and total Adjusted EBITDA(1) of $144.5 million, versus $163.5 million in the year-ago quarter. Adjusted EBITDA was negatively impacted by an estimated $10 million to $12 million during the quarter due to unusually severe winter weather at the Company’s operations outside of Nevada. Additionally, Borgata’s online gaming operations recorded a $3.2 million operating loss related to its launch. Boyd Gaming Corporation (NYSE:BYD) shares fell -3.72% in last trading session and ended the day on $11.38. BYD return on equity ratio is recorded as -20.00% and its return on assets is -1.40%. Boyd Gaming Corporation (NYSE:BYD) yearly performance is -4.05%.
Melco Crown Entertainment Limited (NASDAQ:MPEL) a developer, owner and operator of casino gaming and entertainment resort facilities in Asia, announces that it will file its unaudited financial results for the first quarter of 2014 on Form 6-K with the U.S. Securities and Exchange Commission (“SEC”) on May 8, 2014, to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 8:30 p.m. Hong Kong Time). Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) shares moved up 0.53% in last trading session and was closed at $34.34 while trading in range of $33.84 – $34.57 – Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) year to date (YTD) performance is -11.70%.
Las Vegas Sands Corp. (NYSE:LVS) reported first-quarter results that beat analysts’ estimates as gambling in the Chinese enclave of Macau continued to soar. Las Vegas Sands Corp. (NYSE:LVS) weekly performance is -0.16%. On last trading day company shares ended up $79.35. Las Vegas Sands Corp. (NYSE:LVS) distance from 50-day simple moving average (SMA50) is -1.31%. Analysts mean target price for the company is $89.48.
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