MGM (MGM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Authorities in Macau said the world's biggest casino hub, blighted by a COVID-19 outbreak, is on track to return to relative normality after two rounds of mass COVID-19 tests last week found no new infections. "The current round of the epidemic has been effectively controlled... Community safety of Macao has been safeguarded," the government said. Authorities allowed casino MGM Cotai, operated by MGM China Holdings Ltd, to reopen on Nov. 2 after locking it down for three days with more than 1,500 people inside due to a casino dealer who had been infected with COVID-19.
MGM China's Cotai casino in Macau was locked down on Sunday after a dealer tested positive for COVID-19, city authorities in the world's biggest gambling hub said, ordering everyone inside to stay put until Nov 1. The closure deals a blow to casino operators who have already been grappling with COVID restrictions for more than two and a half years. Government health workers were at the MGM Cotai site with noone allowed to enter or exit the building, industry publication Inside Asian Gaming said.