Financial Results and Release Schedules, Dividends, and Updated Credit Facilities - Research Report on Las Vegas Sands, MG, Carnival Corporation, Royal Caribbean Cruises, and Pinnacle Entertainment
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NEW YORK, October 24, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Las Vegas Sands Corp. (NYSE: LVS), MGM Resorts International (NYSE: MGM), Carnival Corporation (NYSE: CCL), Royal Caribbean Cruises Ltd. (NYSE: RCL), and Pinnacle Entertainment Inc. (NYSE: PNK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Las Vegas Sands Corp. Research Report
On October 17, 2013, Las Vegas Sands Corp. (Las Vegas Sands) reported its Q3 2013 financial results. The Company's net revenues increased 31.7% YoY to $3.6 billion during the quarter. Net income attributable to the Company was $626.7 million or $0.76 per diluted share in Q3 2013, compared to $349.8 million or $0.42 per diluted share in Q3 2012. Commenting on the results, Chairman and CEO at Las Vegas Sands, Sheldon G. Adelson, stated, "I am extremely pleased to report outstanding quarterly financial results that reflect continued strong growth in revenue, cash flow and earnings per share. The focused and consistent execution of our global growth strategy, which leverages the power of our convention-based Integrated Resort business model, is increasingly being reflected in our financial results. Continued execution of that strategy will extend our position as the global leader in Integrated Resort development and operation." The Full Research Report on Las Vegas Sands Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c7e0_LVS]
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MGM Resorts International Research Report
On October 16, 2013, CityCenter Holdings LLC (the Company), a joint venture of MGM Resorts International (MGM Resorts) and Infinity World Development Corp., announced that it has closed its previously announced $1,775 million senior secured credit facilities. According to the Company, the said new senior secured credit facilities are comprised of a $75 million revolving facility with maturity in October 2018 and a $1.7 billion term loan B facility which matures in October 2020. The Company informed that the term loan B facility, issued at 99% of the principal amount, will bear interest at LIBOR plus 4.00% with a LIBOR floor of 1.00%. The Company further added that as a result of the refinancing transactions, it expects to recognize a substantial charge in the Q4 2013 related primarily to fees and other expenses associated with the refinancing transactions, primarily consisting of premiums in connection with the redemption of the Company's existing first and second lien notes. The Full Research Report on MGM Resorts International - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0752_MGM]
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Carnival Corporation Research Report
On October 15, 2013, Carnival Corporation (Carnival Corporation) announced that its board of directors has declared a quarterly dividend of $0.25 per share, which will be payable on December 13, 2013 to the shareholders in the records as of November 22, 2013. The Company stated that the holders of Carnival Corporation common stock and Carnival plc ADSs will receive the dividend payable in U.S. dollars, whereas the dividend for Carnival plc ordinary shares will be payable in U.S. dollars or sterling. Carnival Corporation further added that in the absence of instructions or elections to the contrary, holders of Carnival plc ordinary shares will automatically receive the dividend in sterling. The Full Research Report on Carnival Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8053_CCL]
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Royal Caribbean Cruises Ltd. Research Report
On October 17, 2013, Royal Caribbean Cruises Ltd. (Royal Caribbean) announced that the Company has scheduled a conference call on Thursday, October 24, 2013 at 10:00 a.m. ET, to discuss its Q3 2013 financial results. The Company informed that the call will be available on-line at Royal Caribbean's investor relations website. The Full Research Report on Royal Caribbean Cruises Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9fd2_RCL]
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Pinnacle Entertainment Inc. Research Report
On October 18, 2013, Pinnacle Entertainment Inc. (Pinnacle Entertainment) announced that it will release its Q3 2013 financial results on Wednesday, November 6, 2013 before market opens, which will be followed by a conference call on the same day at 10:00 a.m. ET/7:00 a.m. PT. The Company informed that the live broadcast of the call and replay of the same will be available at its Investor's Relations website. In another announcement on the same day, the Company informed that beginning with Q3 2013, it will make changes to its reportable segment disclosures, as a result of the acquisition of Ameristar Casinos, Inc., and the integration of its properties into Pinnacle Entertainment's operations and financial reporting. Pinnacle Entertainment stated that the new reportable segments will generally align the Company's external financial reporting segments with its new internal operating segments, which are based on its internal organizational structure, operating decisions, and performance assessment. The Full Research Report on Pinnacle Entertainment Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b831_PNK]
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