MGM Growth Properties (MGP) began trading on the NYSE on 20 Apr 2016

MGM Growth Properties (MGP), a spin-off from MGM Resorts (MGM), which will now take ownership of nine Las Vegas resorts and three others outside of Las Vegas. Specifically, its 50 million share IPO priced at the high end of expectations at $21 and opened for trading at $22.75, good for an 8% pop.

Description

MGM Growth Properties LLC is a real estate investment trust. The Company is a subsidiary of MGM Resorts International, a holding company, which through its subsidiaries, owns and operates casino resorts. The Company is engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. The Company's properties include approximately 24,466 hotel rooms and approximately 2.5 million convention square footage. Its properties feature over 100 retail outlets, over 200 food and beverage outlets, and approximately 20 entertainment venues.

Address

3950 Las Vegas Blvd S
LAS VEGAS, NV 89119-1005
United States

Website 

http://www.mgmgrowthproperties.com

Red Rock Resorts (RRR) began trading on the NASDAQ on 27 Apr 2016

Red Rock Resorts (RRR), a resort casino owner with heavy exposure to an improving economic backdrop in Las Vegas. The company is looking to sell 27.3 million shares within a range of $18-$21 for total gross proceeds of $531.4 million, at the mid-point. The deal, led by Deutsche Bank, JP Morgan, BofA Merrill Lynch, and Goldman Sachs, is expected to price on April 26 and open for trading on April 27.

Description

Red Rock Resorts, Inc. is a gaming, development and management company. The Company develops and operates casino entertainment properties. The Company owns and operates over nine gaming and entertainment facilities and over 10 smaller casinos in the Las Vegas regional market. In addition, the Company manages Graton Resort in Sonoma County, California, and Gun Lake in Allegan County, Michigan. The Company's Las Vegas portfolio offers approximately 19,300 slot machines, over 300 table games and over 4,000 hotel rooms. The Company controls gaming-entitled development sites consisting of approximately 400 acres in Las Vegas and Reno, Nevada. The Las Vegas properties offer approximately 110 food and beverage venues, over 50 bars and lounges, over 270,000 square feet of convention and meeting space ranging from boardrooms to ballrooms, over 25 live entertainment venues, over 100 movie screens and over 300 bowling lanes.

Address

1505 S Pavilion Center Dr
LAS VEGAS, NV 89135-1403
United States

Website 

 https://redrockresorts.com/

Juno Therapeutics (JUNO) reported earnings on Mon 9 May 2016 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Juno Therapeutics misses by $0.26, beats on revs; reaffirms cash burn guidance :

• Reports Q1 (Mar) loss of $0.78 per share, excluding non-recurring items, $0.26 worse than the Capital IQ Consensus of ($0.52); rev $9.8 mln vs. $3.2 mln consensus.
• -- JuMP manufacturing facility operational for JCAR015 Phase II ROCKET trial
• Reaffirm: Juno expects 2016 cash burn, excluding cash inflows or outflows from business development activities, to be between $220 million and $250 million. Operating burn estimated to be between $170 million and $195 million.