5 Best Casino Stocks For 2015: MGM Resorts International(MGM)
MGM Resorts International, through its subsidiaries, primarily owns and operates casino resorts in the United States. The company?s resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. As of December 31, 2010, the company owned and operated 15 properties located in Nevada, Mississippi, and Michigan; and has 50% investments in 4 other casino resorts in Nevada, Illinois, and Macau. In addition, MGM Resorts International has an agreement with the Mashantucket Pequot Tribal Nation, which owns and operates a casino resort in Connecticut, to carry the ?MGM Grand? brand name. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.
Advisors' Opinion:- [By Bradley Seth McNew]
Wynn Resorts has a dividend yield of 4.1%, the highest in the industry, ahead of the next closest Las Vegas Sands (NYSE: LVS ) , at 3.5%, and MGM Resorts International (NYSE: MGM ) , which doesn't pay a dividend. Wynn management has been steadily raising dividend payouts since 2010, and has consistently paid special dividends during the past five years. All of this looks great for Wynn as a dividend buy. However, the special dividend paid this year is far below that of previous years, and the high payout ratio, at around 95%, according to Yahoo! Finance, may not be sustainable as Wynn continues to struggle to maintain growth. Here are the two things dividend investors need to know before investing in Wynn based on its dividend.
- [By Bradley Seth McNew]
Macau's gambling market has definitely seen less spectacular results this year than last. The major gambling companies there, including Las! Vegas Sands (NYSE: LVS ) , MGM Resorts International (NYSE: MGM ) , Wynn Resorts (NASDAQ: WYNN ) , and Melco Crown (NASDAQ: MPEL ) , have each felt the sting of lowered gross gambling revenue on the Chinese island during the past two quarters as the VIP segment of gamblers has declined there.
- [By Bradley Seth McNew]
Las Vegas Sands (NYSE: LVS ) has been the leader in its industry by a wide margin for the last few quarters when it comes to revenue and earnings, both actual and percent growth year over year. In Q2, Las Vegas Sands led the industry. It came in ahead of Wynn Resorts (NASDAQ: WYNN ) and MGM Resorts International (NYSE: MGM ) in earnings, just as it did in Q1 and throughout 2013. While Sands is the only one to have reported Q3 earnings so far, I expect its income growth will beat that of MGM and Wynn.
source from Top Stocks For 2015:http://www.topstocksblog.com/5-best-casino-stocks-for-2015.html
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