Mgm grand casino Mgm casino hotel Mgm casino detroit Mgm casino jobs Mgm hotel and casino Mgm casino las vegas Mgm detroit casino Mgm grand hotel and casino Mgm grand casino detroit Mgm grand hotel & casino Mgm casino locations Mgm macau casino Mgm casino. Do Casino Stocks Move On Big Vegas Fights? (NYSE:LVS)(NYSE:MGM), Benzinga

The highly-anticipated fight between undefeated boxing star Floyd Mayweather and UFC star Conor McGregor was confirmed on Wednesday. Mgm casino.

The fight will not only benefit the pockets of Mayweather and McGregor, but should also have a huge impact on Las Vegas. The 2015 fight between Mayweather and Manny Pacquiao raked in over $500 million, and Mayweather’s team believe his fights have at least a $100 million impact on the local economy.

Some of the names that could gain from the fight include MGM Resorts International (NYSE: MGM ), Las Vegas Sands Corp. (NYSE: LVS ) and Wynn Resorts, Limited (NASDAQ: WYNN ). While you may not know who is going to win the fight, are Las Vegas stocks a safe bet? Let's take a look at recent history.

Did MGM move higher the day of the announcement (February 20, 2015)? No

Did MGM move higher around the May 2, 2015 fight date? No

Mgm grand casino Mgm casino hotel Mgm casino detroit Mgm casino jobs Mgm hotel and casino Mgm casino las vegas Mgm detroit casino Mgm grand hotel and casino Mgm grand casino detroit Mgm grand hotel & casino Mgm casino locations Mgm macau casino Mgm casino

Did MGM move higher the day of the announcement (May 29, 2013)? No

Did MGM move higher around the September 14, 2013 fight date? Yes

Did MGM move higher the day of the announcement (February 1, 2012)? Yes

Did MGM move higher around the May 5, 2012 fight date? No

Mgm grand casino Mgm casino hotel Mgm casino detroit Mgm casino jobs Mgm hotel and casino Mgm casino las vegas Mgm detroit casino Mgm grand hotel and casino Mgm grand casino detroit Mgm grand hotel & casino Mgm casino locations Mgm macau casino Mgm casino

Did MGM move significantly the day of the announcement (November 13, 2006)? No

Did MGM move higher around the May 5, 2007 fight date? No

Overall, while MGM has moved slightly because of the fights, there is no clear indication that the stock will move up or down.

While these fights will likely generate millions for MGM and other Las Vegas resorts, you might be better off putting your money on a fighter.

Mgm grand casino Mgm casino hotel Mgm casino detroit Mgm casino jobs Mgm hotel and casino Mgm casino las vegas Mgm detroit casino Mgm grand hotel and casino Mgm grand casino detroit Mgm grand hotel & casino Mgm casino locations Mgm macau casino Mgm casino

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Posted by at 03:48AM

Tags: mgm grand casino mgm casino hotel mgm casino detroit mgm casino jobs mgm hotel and casino mgm casino las vegas mgm detroit casino mgm grand hotel and casino mgm grand casino detroit mgm grand hotel & casino mgm casino locations mgm macau casino mgm casino

Overall rating page: 4.33/5 left 65116 people.

Comments

There are no comments for this post "Do Casino Stocks Move On Big Vegas Fights? (NYSE:LVS)(NYSE:MGM), Benzinga". Be the first to comment...

Add Comment