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Real Estate News Releases
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(CHARTPOPPERS.COM, December 16, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring Resort & Casino company MGM Mirage (NYSE:MGM),
The investment report on MGM Mirage (NYSE:MGM) should be of particular interest to other Services companies; Wynn Resorts, Limited. (NASDAQ: WYNN) Las Vegas Sands Corp. (NYSE:LVS) and Century Casinos, Inc. (NASDAQ: CNTY).
To view the full report go to www.chartpoppers.com
MGM Mirage (NYSE:MGM), through its subsidiaries, owns and operates casino resorts in the United States. The companys resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities
Recent News on MGM Mirage (NYSE: MGM)
MGM Mirage (MGM.N) has bet big on the $8.5 billion CityCenter complex on the Las Vegas Strip, where the flagship casino-hotel will open this week, but skeptics say it could be tough to get recession-battered consumers to pay up for the new resort.
Most of the six-tower project, a joint venture with the now well-known Dubai World, opened earlier this month. The centerpiece 4,004-room Aria will open to the public just before midnight on Wednesday.
Shares of MGM, which have fallen about 22 percent year-to-date, rose 6 percent on Monday and were down 0.6 percent at mid-day on Tuesday.
"The market is breathing a sigh of relief about CityCenter opening," said Gabelli & Co analyst Amit Kapoor. "I think (MGM) management is very competent. If they can manage nine Strip properties, why can't they manage yet another one?"
MGM, which operates Las Vegas resorts ranging from the CityCenter-adjacent Bellagio to Circus Circus, generates about 85 percent of its revenue from the Sin City gambling corridor.
The highly leveraged company teetered near default earlier this year but was able to pull out of a downward spiral by selling assets like Treasure Island in Las Vegas, issuing new debt and securing financing for CityCenter.
"The good thing for the stock is that expectations are reasonably low," said Sterne Agee analyst David Bain.
MGM, along with other Las Vegas casino operators, has been able to weather the recession through a combination of discounted hotel room rates and financial incentives for gamblers and other guests.
To view the Consolidated Investment Analysis on MGM Mirage (NYSE:MGM), Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of whatÂ’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CHARTPOPPERS.COM
Paul Marek
6047245332
info@chartpoppers.com 
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