NEW YORK, November 4, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting MGM Resorts International (NYSE: MGM), Wynn Resorts Ltd. (NASDAQ: WYNN), Royal Caribbean Cruises Ltd. (NYSE: RCL), Melco Crown Entertainment Ltd. (NASDAQ: MPEL), and Caesars Entertainment Corporation (NASDAQ: CZR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
MGM Resorts International Research Report
On October 25, 2013, MGM Resorts International (MGM) and the Mashantucket Pequot Tribal Nation together announced the dissolution of their previous licensing agreement for the use of the MGM Grand brand at Foxwoods Resort Casino. The said parties have agreed that there will be a six-month period for Foxwoods to transition from using the MGM Grand brand. The Full Research Report on MGM Resorts International - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/0752_MGM]
Wynn Resorts Ltd. Research Report
On October 24, 2013, Wynn Resorts Ltd. (Wynn Resorts) reported its financial results for Q3 2013. Net revenue increased 7.1% YoY to $1.4 billion. GAAP net income attributable to Wynn Resorts was $182.0 million or $1.79 per diluted share, compared to $112.0 million or $1.11 per diluted share in Q3 2012. The Company further reported that it is currently constructing Wynn Palace, a full-scale integrated resort containing a 1,700-room hotel, performance lake, meeting space, casino, spa, retail offerings, and food and beverage outlets on Cotai in Macau. The total project budget, including construction costs, capitalized interest, land, and pre-opening expenses, is $4.0 billion. The Company expects to open this resort on Cotai in H1 2016. The Full Research Report on Wynn Resorts Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b560_WYNN]
Royal Caribbean Cruises Ltd. Research Report
On October 29, 2013, Royal Caribbean Cruises Ltd. (Royal Caribbean International) revealed the first look at the cruise line's new float, which will set sail down the streets of New York as part of the 87th Annual Macy's Thanksgiving Day Parade lineup. The said float will celebrate the November 2014 debut of Quantum of the Seas and will feature a special, surprise performance. According to the Company, Quantum of the Seas will sail out of the New York area to exciting destinations in the Caribbean, including Labadee, Haiti and CocoCay, The Bahamas. The 87th Annual Macy's Thanksgiving Day Parade will air nationwide on NBC-TV on November 28, 2013 from 9:00 a.m. to 12:00 noon in all time zones. The Full Research Report on Royal Caribbean Cruises Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9fd2_RCL]
Melco Crown Entertainment Ltd. Research Report
On October 24, 2013, Melco Crown Entertainment Ltd. (Melco Crown Entertainment) announced that it will file its Q3 2013 results on Form 6-K with the US Securities and Exchange Commission (SEC) on November 5, 2013, to be followed by a conference call on the same day at 8:30 a.m. ET/9:30 p.m. Hong Kong Time. The Full Research Report on Melco Crown Entertainment Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9cfe_MPEL]
Caesars Entertainment Corporation Research Report
On October 29, 2013, Caesars Entertainment Corporation (Caesars Entertainment) reported its financial results for Q3 2013. Revenue decreased 0.7% YoY to $2.2 billion. Net loss attributable to Caesars was $761.4 million or $6.03 per basic and diluted share, compared to net loss of $505.5 million or $4.03 per basic and diluted share in Q3 2012. Commenting on the results, Chairman, CEO and President Gary Loveman said, "We made considerable progress on the execution of our strategy and achieved key milestones on many projects during the quarter, despite continued softness in the domestic gaming business. Building on our momentum, we further enhanced our hospitality assets in Las Vegas and are particularly pleased with the improvements we've seen in hotel and F&B performance." The Full Research Report on Caesars Entertainment Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3aac_CZR]
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