Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  MGM Resorts International    MGM

MGM RESORTS INTERNATIONAL

(MGM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

MGM Resorts : Joins World Observance of Earth Hour 2016

share with twitter share with LinkedIn share with facebook
03/17/2016 | 05:34pm EDT

Exterior lighting at Nevada and Mississippi resorts will dim in a global recognition of climate change

Las Vegas, March 17, 2016 - In honor of Earth Hour, MGM Resorts International (NYSE: MGM) will dim the exterior lights at several of its resorts, joining the global effort to raise awareness of climate change.

Exterior lighting, rooftop signage, marquees and front features at the company's major Las Vegas resorts, Gold Strike Tunica, and Beau Rivage Resort and Casino in Biloxi, Miss., will be turned off on March 19 from 8:30 p.m. to 9:30 p.m. These iconic resorts will be joined by some world-famous landmarks, including the Eiffel Tower, Brandenburg Castle and The Acropolis of Athens. The event is one that companies, cities and conservationists use to demonstrate the need and commitment to save the planet.

'For MGM Resorts, Earth Hour is a one-hour observance of a year-round commitment,' said Cindy Ortega, MGM Resorts Senior Vice President and Chief Sustainability Officer. 'Our resorts work diligently to do more with less and unite in the same mission - to build a vibrant future in which our planet's limited resources are protected.'

This year marks the 10th anniversary of Earth Hour. The annual conservation awareness event was started by World Wildlife Fund in 2007 in Sydney, Australia with more than two million participants. Now, more than 162 countries and territories and millions of people around the world are engaged in this celebration.

MGM Resorts has saved more than 194 million kilowatt hours of energy in the past six years at its resorts, the equivalent to 23,000 homes annually.

In 2014, MGM Resorts joined the U.S. Energy Department's Better Buildings Challenge, a national pledge calling for organizations to voluntarily reduce their building portfolio energy use by 20 percent, by 2020. As part of this initiative, the company is currently undergoing a major lighting retrofit project to replace nearly 1.3 million individual light bulbs with state-of-the-art, ultra-efficient light-emitting diode (LED) lamps. The overall companywide LED project encompasses every public and back-of-house area at every company resort and is scheduled to be completed by 2018. For more information about MGM Resorts International's commitment to sustainability, please visit: www.mgmresorts.com/csr.

About MGM Resorts International
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts. The Company also owns 51 percent of MGM China Holdings Limited, which owns the MGM Macau resort and casino and is developing a gaming resort in Cotai, and 50 percent of CityCenter in Las Vegas, which features ARIA Resort and Casino. MGM Resorts is a FORTUNE Magazine World's Most Admired Company. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

About EARTH HOUR
EARTH HOUR is organized by the World Wildlife Fund: http://www.earthhour.org/join-the-hour

SOURCE MGM RESORTS INTERNATIONAL

For further information: Sonya Padgett MGM Resorts International 1-702-692-6807 spadgett@mgmresorts.com

MGM Resorts International issued this content on 17 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 March 2016 21:33:42 UTC

Original Document: http://mgmresorts.investorroom.com/news-releases?item=1107


share with twitter share with LinkedIn share with facebook
All news about MGM RESORTS INTERNATIONAL
10/22MGM RESORTS INTERNATIONAL : Foundation Recognized with SportsTravel Award for Em..
AQ
10/21MGM RESORTS INTERNATIONAL : Foundation Recognized with SportsTravel Award for Em..
PR
10/21MGM RESORTS INTERNATIONAL : Announces Return of Entertainment
AQ
10/21Blank-check firm backed by former MGM Resorts CEO cuts IPO size
RE
10/20MGM RESORTS INTERNATIONAL : Announces Third Quarter 2020 Earnings Release Date
AQ
10/20NOW OPEN : Din Tai Fung Debuts In Las Vegas At Aria Resort & Casino; Acclaimed X..
AQ
10/20Commercial REITs for Small Investors See Increasing Demand
DJ
10/19NOW OPEN : Din Tai Fung Debuts In Las Vegas At Aria Resort & Casino
PR
10/19MGM RESORTS INTERNATIONAL : Announces Third Quarter 2020 Earnings Release Date
PR
10/15MGM RESORTS INTERNATIONAL : Named One of World's Best Employers by Forbes
PR
More news
Financials (USD)
Sales 2020 5 655 M - -
Net income 2020 -1 008 M - -
Net Debt 2020 7 405 M - -
P/E ratio 2020 -12,4x
Yield 2020 0,71%
Capitalization 11 523 M 11 523 M -
EV / Sales 2020 3,35x
EV / Sales 2021 2,07x
Nbr of Employees 72 000
Free-Float 87,3%
Chart MGM RESORTS INTERNATIONAL
Duration : Period :
MGM Resorts International Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MGM RESORTS INTERNATIONAL
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 21,15 $
Last Close Price 23,36 $
Spread / Highest target 28,4%
Spread / Average Target -9,45%
Spread / Lowest Target -44,3%
EPS Revisions
Managers
NameTitle
William Joseph Hornbuckle President, Chief Executive Officer & Director
Paul Jude Salem Chairman
Corey I. Sanders Chief Financial Officer & Treasurer
Roland A. Hernandez Lead Independent Director
Alexis Margaret Herman Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
MGM RESORTS INTERNATIONAL-29.79%11 523
LAS VEGAS SANDS CORP.-26.59%38 709
WYNN RESORTS-44.87%8 200
SJM HOLDINGS LIMITED-3.95%6 240
GENTING SINGAPORE LIMITED-27.17%5 949
TABCORP HOLDINGS LIMITED-23.62%5 443