MGM Beating Estimates And Refinancing Debt Sees Stock Skyrocket |
| August 08, 2012 | August 2012 Bond Updates |
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Casino operator MGM Resorts surprised investors on Tuesday, its shares jumping more than 9% at one point in early trading on the back of a lower than expected adjusted loss and a revenue beat. The company is still under pressure from a massive debt load and the global slowdown affecting both Las Vegas and Macau, its main markets. |
| View more at: http://www.forbes.com/sites/afontevecchia/2012/08/07/mgm-beating-estimates-and-refinancing-debt-sees-stock-skyrocket/ |