On Wednesday, Shares of MGM Resorts International (NYSE:MGM), lost -2.03% to $18.53.
MGM Resorts International, declared plans for an about 5,000-seat theater at Monte Carlo Resort and Casino. The new concert venue will amplify the vibrant entertainment district taking shape on the west side of the Las Vegas Strip with a robust calendar featuring special engagements by many of the music industry’s most-celebrated performers.
With more than 7 million entertainment tickets sold in 2014 alone, MGM Resorts’ offerings are unrivaled. The Company owns and operates two arenas; two Las Vegas Strip festival lots (62 acres); seven theaters housing Cirque du Soleil production shows; 14 theaters for concerts, headliners and comedy performances; and more than two dozen lounges and nightclubs. Additionally, it is presently developing a new world-class Las Vegas arena in addition to integrated resort projects in Macau and National Harbor, Maryland, each of which will feature entertainment venues as central amenities.
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
Shares of Air Products & Chemicals, Inc. (NYSE:APD), inclined 0.23% to $137.50, during its last trading session.
Air Products, will release its fiscal 2015 third quarter financial results on Thursday, July 30, 2015 before the stock market opens and will review these results later that day in a teleconference at 10:00 a.m. ET. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast.
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company operates in Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy segments.
Finally, Hasbro, Inc. (NASDAQ:HAS), ended its last trade with -0.79% loss, and closed at $78.07.
Hasbro, and Cartamundi Group declared recently the signing of a letter of intent to sell Hasbro’s manufacturing locations in East Longmeadow, Massachusetts and Waterford, Ireland to the Cartamundi Group. Cartamundi is a worldwide leader in the production and sales of playing cards and cards for games. Under the terms of the agreement, Cartamundi will continue to employ all regular manufacturing and distribution employees located in East Longmeadow and Waterford on comparable terms.
The divestiture is in line with Hasbro’s mission of Creating the World’s Best Play Experiences and building larger more global brands. Hasbro will continue to invest resources in areas that will maximize the value of the company’s brands globally, counting in design, development, storytelling, sales and marketing. The sale of these facilities will have no impact to Hasbro’s commitment to the Games category and the company will continue to invest in gaming.
The projected transaction comprises all buildings, land, and equipment located at both sites. The East Longmeadow plant comprises of about 1,150,000 square feet and supported by more than 350 full-time employees. The Waterford plant comprises of about 244,000 square feet and is supported by more than 160 full-time employees.
The acquisition is in line with Cartamundi’s mission to become the preeminent manufacturer of playing cards, game cards and board games globally. Moreover, it reinforces the company’s purpose to share the magic of playing together.
Hasbro, Inc., together with its auxiliaries, provides children’s and family leisure time products and services worldwide. The company’s product offerings comprise various toys comprising boys action figures, vehicles and playsets, girls toys, electronic toys and games, plush products, preschool toys and infant products, electronic interactive products, creative play, and toy-related specialty products.
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