MGM and Aristocrat Gaming celebrate first $5M-plus Dragon Link win at ARIA Casino

Springfield, Massachusetts, is disputing MGM's attempt to sell its Springfield casino's operating rights. The city argues MGM must adhere to its host agreement, while MGM claims the city owes it $500M in damages. MGM seeks to sell to Clairvest, but Springfield objects, citing unmet employment and gaming machine commitments. The casino, costing $960M to open, has underperformed.

Springfield, Massachusetts, is in court to challenge MGM's arbitration request over a $970 million casino sale to Clairvest. MGM claims the city owes $500 million in damages for delaying the sale, while the city alleges MGM failed to meet its 2013 host community agreement terms, including job creation and facility development.

Springfield is in court to block MGM's casino sale to Clairvest, claiming MGM failed to meet its 2013 host community agreement. MGM seeks $500M in damages for delayed sale. The city argues MGM lacks required table games, slots, and jobs. MGM claims arbitration is mandatory. Judge's ruling is pending.

Jefferies reduced its price target for MGM Resorts International from $45 to $34. The stock has seen a 5-day change of 29.40 USD, a 1st Jan change of +0.27%, a 4-month change of -3.73%, and a year-to-date change of -19.43%. The company's ratings are based on various composite factors including valuation, EPS revisions, and visibility.

MGM Resorts' MGM Osaka project is on track for a 2030 opening. The company plans to invest an additional $125M to $175M this year. The resort will feature a large casino floor, 2.5K hotel rooms, and significant conference and exhibition space. MGM and its partner Orix each own 40% of the venture.

Goldman Sachs lowered its price target for MGM Resorts International from $43 to $30. The company's shares were trading at $29.32, up 0.17% in pre-market. This adjustment comes amid a strong quarter for BetMGM, a joint venture involving MGM.