MGM will cease business as a gaming licensee in NJ, pending approval of the New Jersey Casino Control Commission, which will hold a hearing on th. . As reported by David Katz and Mariya Slavin of Oppenheimer, MGM will place its 50% interest in Borgata and related leased land into a divestiture trust. 
Share:  <span class="sent"><span class="company">MGM</span> will cease business as a gaming licensee in NJ, pending approval of the New Jersey Casino Control Commission, which will hold a hearing on th. . As reported by <span class="analyst">David Katz</span> and Mariya Slavin of Oppenheimer, <span class="company">MGM</span> will place its 50% interest in Borgata and related leased land into a divestiture trust.</span> Tweet this 

Gambling revenue in Macau has been growing by leaps and bounds while the business in New Jersey has been steadily falling, a victim of the U. S economic downturn as well as new competition coming from nearby states, notably Pennsylvania. "We believe the announcement of MGM's settlement with the New Jersey Division of Gaming is a modest positive for the shares based on future liquidity relief," wrote David Katz of Oppenheimer & Co in a note to investors. "We predict that MGM's stake could be worth between $400 million and $500 million, although we expect valuations to be pressured for Atlantic City assets." 
Share:  Gambling revenue in Macau has been growing by leaps and bounds while the business in New Jersey has been steadily falling, a victim of the U. S economic downturn as well as new competition coming from nearby states, notably Pennsylvania.<span class="sent"> "We believe the announcement of <span class="company">MGM</span>'s settlement with the New Jersey Division of Gaming is a modest positive for the shares based on future liquidity relief," wrote <span class="analyst">David Katz</span> of Oppenheimer & Co in a note to investors.</span> "We predict that <span class="company">MGM</span>'s stake could be worth between $400 million and $500 million, although we expect valuations to be pressured for Atlantic City assets."....<span class="sent">"We believe the announcement of <span class="company">MGM</span>'s settlement with the New Jersey Division of Gaming is a modest positive for the shares based on future liquidity relief," wrote <span class="analyst">David Katz</span> of Oppenheimer & Co in a note to investors.</span> "We predict that <span class="company">MGM</span>'s stake could be worth between $400 million and $500 million, although we expect valuations to be pressured for Atlantic City assets.". Tweet this 

It also will pay about $2.1 billion to lenders that do not agree to extend maturities by . Oppenheimer gaming analyst David Katz said the agreement helps improve MGM Mirage's liquidity. "The announcement ..removes some uncertainty as to the company's bank financing going forward and demonstrates the support of the financial markets," Katz told investors. Union Gaming Group principal Bill Lerner said the agreement will help MGM Mirage as it pursues an initial public officer on the Hong Kong Stock Exchange in order to raise additional funds. Lerner thought the company could bring about $300 million raised in the IPO back to the United States. 
Share:  It also will pay about $2.1 billion to lenders that do not agree to extend maturities by .<span class="sent"> Oppenheimer gaming analyst <span class="analyst">David Katz</span> said the agreement helps improve <span class="company">MGM Mirage</span>'s liquidity. "The announcement ..removes some uncertainty as to the company's bank financing going forward and demonstrates the support of the financial markets," Katz told investors.</span> Union Gaming Group principal Bill Lerner said the agreement will help <span class="company">MGM Mirage</span> as it pursues an initial public officer on the Hong Kong Stock Exchange in order to raise additional funds. Lerner thought the company could bring about $300 million raised in the IPO back to the United States. Tweet this 

"Group got hit a lot harder in this downturn than it normally does" Walter added that when this portion of the business rebounds, it will strongly boost Host results Host "has positioned itself well for the recovery from an operating and leverage perspective, despite the uncertain timing and trajectory of the recovery," Oppenheimer analyst David Katz said in a research note QUARTERLY RESULTS Business and group demand have improved in recent months, boosting fourth quarter revPAR During the quarter, revPAR fell 146 percent, surpassed some analysts' expectations 
Share:  "Group got hit a lot harder in this downturn than it normally does" Walter added that when this portion of the business rebounds, it will strongly boost <span class="company">Host</span> results<span class="sent"> <span class="company">Host</span> "has positioned itself well for the recovery from an operating and leverage perspective, despite the uncertain timing and trajectory of the recovery," Oppenheimer analyst <span class="analyst">David Katz</span> said in a research note</span> QUARTERLY RESULTS Business and group demand have improved in recent months, boosting fourth quarter revPAR During the quarter, revPAR fell 146 percent, surpassed some analysts' expectations...Walter added that when this portion of the business rebounds, it will strongly boost <span class="company">Host</span> results<span class="sent"> <span class="company">Host</span> "has positioned itself well for the recovery from an operating and leverage perspective, despite the uncertain timing and trajectory of the recovery," Oppenheimer analyst <span class="analyst">David Katz</span> said in a research note</span> QUARTERLY RESULTS Business and group demand have improved in recent months, boosting fourth quarter revPAR During the quarter, revPAR fell 146 percent, surpassed some analysts' expectations Tweet this 

"The company noted that leisure travelers are responding to marketing efforts, and business travel is showing signs of improvement" Analysts were so encouraged by Marriott's earnings that Oppenheimer analyst David Katz upgraded the stock to "Perform" from "Underperform" and Susquehanna Financial Group analyst Robert LaFleur raised his rating to "Neutral" from "Negative" "Fundamentals in the core hotel business are showing signs of improvement, albeit with relatively low visibility as the booking window for most operators remains short," said LaFleur "Marriott also indicated further evidence that the international outlook is incrementally more positive than the US at present, as some regions of the world have resumed growth, such as most of Asia" 
Share:  "The company noted that leisure travelers are responding to marketing efforts, and business travel is showing signs of improvement"<span class="sent"> Analysts were so encouraged by <span class="company">Marriott</span>'s earnings that Oppenheimer analyst <span class="analyst">David Katz</span> upgraded the stock to "Perform" from "Underperform" and Susquehanna Financial Group analyst Robert LaFleur raised his rating to "Neutral" from "Negative"</span> "Fundamentals in the core hotel business are showing signs of improvement, albeit with relatively low visibility as the booking window for most operators remains short," said LaFleur "<span class="company">Marriott</span> also indicated further evidence that the international outlook is incrementally more positive than the US at present, as some regions of the world have resumed growth, such as most of Asia" Tweet this 

Oppenheimer & Co analyst David Katz said Gaylord's revPAR outlook, slightly below Starwood Hotels & Resorts ( HOTN ) projection last week for revPAR to be flat to up 5 percent in 2010, could be weighing on the stock 
Share:  <span class="sent">Oppenheimer & Co analyst <span class="analyst">David Katz</span> said Gaylord's revPAR outlook, slightly below <span class="company">Starwood</span> Hotels & Resorts ( HOTN ) projection last week for revPAR to be flat to up 5 percent in 2010, could be weighing on the stock</span> Tweet this 

Oppenheimer & Co analyst David Katz said Gaylord's revPAR outlook, slightly below Starwood Hotels & Resorts ( HOTN ) projection last week for revPAR to be flat to up 5 percent in 2010, could be weighing on the stock 
Share:  <span class="sent">Oppenheimer & Co analyst <span class="analyst">David Katz</span> said <span class="company">Gaylord</span>'s revPAR outlook, slightly below Starwood Hotels & Resorts ( HOTN ) projection last week for revPAR to be flat to up 5 percent in 2010, could be weighing on the stock</span> Tweet this 

David Katz of Oppenheimer said in a client note that MGM Mirage's management anticipates CityCenter will report 2010 margins in the low 20 percent range, compared with his previous 12 percent estimate 
Share:  <span class="sent"><span class="analyst">David Katz</span> of Oppenheimer said in a client note that <span class="company">MGM Mirage</span>'s management anticipates CityCenter will report 2010 margins in the low 20 percent range, compared with his previous 12 percent estimate</span> Tweet this 

David Katz of Oppenheimer said in a client note that MGM Mirage's management anticipates CityCenter will report 2010 margins in the low 20 percent range, compared with his previous 12 percent estimate 
Share:  <span class="sent"><span class="analyst">David Katz</span> of Oppenheimer said in a client note that MGM Mirage's management anticipates <span class="company">CityCenter</span> will report 2010 margins in the low 20 percent range, compared with his previous 12 percent estimate</span> Tweet this 

David Katz of Oppenheimer said in a client note that MGM Mirage's management anticipates CityCenter will report 2010 margins in the low 20 percent range, compared with his previous 12 percent estimate 
Share:  <span class="sent"><span class="analyst">David Katz</span> of Oppenheimer said in a client note that <span class="company">MGM Mirage</span>'s management anticipates CityCenter will report 2010 margins in the low 20 percent range, compared with his previous 12 percent estimate</span> Tweet this