MGM Resorts International (NYSE:MGM), the largest casino operator on the Las Vegas Strip, said it’s ready to spend $5 billion to $10 billion in Japan, a day after competitor Las Vegas Sands Corp. (LVS) said it planned to make a similar investment should gambling resorts be legalized. MGM Resorts International (NYSE:MGM) stock opened at $27.11 in last trading session, and closed at $27.84, trading in the range of $27.11 – $27.98. The stock showed a positive weekly performance of 6.99%.
Sheldon G. Adelson, the chief executive of the Las Vegas Sands Corp. (NYSE:LVS), said on Monday that his company was willing to spend “whatever it takes” to set up a casino project in Japan, one of the largest untapped gambling markets in the world. Las Vegas Sands Corp. (NYSE:LVS) shares closed at $84.41 on last trade day, by gaining 4.35%. Stock 52 week range is $47.95 – $85.32. Company’s market capitalization is $69.18 billion.
TheStreet Ratings team rates Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) as a “buy” with a ratings score of A-. Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) stock advanced 1.44% and finished the last session at $42.88. The EPS of the stock remained 0.94. Company’s market capitalization is $23.58 billion.
Wynn Resorts (NASDAQ:WYNN) Insider Linda Chen sold 4,600 shares of Wynn Resorts stock on the open market in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $230.00, for a total transaction of $1,058,000.00. Following the completion of the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $23,000,000. Wynn Resorts, Limited (NASDAQ:WYNN) stock opened at $229.57 in last trading session and closed at $235.59. The 52 week range of the stock is $113.39 – $236.61 and the day range was $229.19 – $236.61.