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   Non-TechMGM Grand Hotel and Casino Symbol MGG


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To: Randy Atkins who wrote (36)7/25/1997 7:54:00 AM
From: battle beast
   of 96
 
Circus Circus was mentioned in the latest BW as a buyout target, possibly fetching $31 a share. It may bring some movement to the whole casino section.

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To: cboothe who wrote (34)7/25/1997 2:49:00 PM
From: Steven W.
   of 96
 
CB,

This debt thing is putting questions out there about future earnings. I
never understood why companies like MGG just couldn't sit back for
a year on expansion, earn ton's of money and watch their stock go
through the roof.

Trump has shown everyone in this business that greed is not good.
MGG doesn't get the respect that Steve Wynn from the Mirage gets.
The board has done a fine job with the company.

I plan on holding this puppy for a while. This has been the hardest for
me to predict movement in the last few months. One thing for sure,
earnings are very strong and the 2 flagship resorts are doing great.

Steve

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To: Steven W. who wrote (38)7/26/1997 2:21:00 AM
From: Randy Atkins
   of 96
 
I really thought we would get an earnings surprise this quarter. Everything was there and in place. The killer was the Tyson-Holyfield fight. Yemenidjian indicated that the resultant disruption to the casino (two hours of downtime) resulted in a loss of $22 million. He likened these big fights to their New Year's Eve celebrations. IF that situation hadn't occured, the additional revenue that was expected would have easily pushed the quarter over into a significant surprise.

Just meeting first call doesn't cut it in this market nowadays. Even with all time earnings. Had we beat the estimate by just 1 cent, I believe we would be at $36 right now.

Looking forward to this quarter, I am still optimistic. Reports I have read concerning advance bookings from major tour operators and airlines that feed the LV market are very positive for the second half of the year. They were not positive for the first half of the year. This should push room rates and occupancy higher. It is the new rooms that are driving casino revenue.

New York is still THE attraction, and will be until Bellagio comes on line. Over 1 million visitors PER WEEK to New York. Absolutely incredible. 99.5% occupancy. MGG is still 22% down from its high. The only negative I can see this quarter is the 600,000 shares in trust for Don King that will be dumped, due to the breakoff with MGG after the Tyson-Holyfield fiasco. Yemenidjian said that it would happen soon.

--Randy


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To: Randy Atkins who wrote (39)7/27/1997 12:19:00 PM
From: Randy Atkins
   of 96
 
Here is an interesting article from David Berman. He has a pretty good take on the Las Vegas situation.

hkproducts.com

--Randy

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To: Randy Atkins who wrote (40)7/28/1997 12:42:00 AM
From: Randy Atkins
   of 96
 
I'll go out on a limb here and predict that we will see some upward movement Monday. Friday's 15/16th's loss was due largely to a single 120,000 block sell.

We will regain some ground Monday.

If I'm wrong, next time I go to LV, I will buy you all a shrimp cocktail from Golden Gate. Plus crackers...

--Randy

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To: Randy Atkins who wrote (41)7/28/1997 1:58:00 AM
From: Robet Butkus
   of 96
 
A little blurb in Barrons..shold help some,

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To: Robet Butkus who wrote (42)7/30/1997 10:59:00 AM
From: Jesh
   of 96
 
I was just in Vegas a few days ago. No signs of slowdown, though traffic is still a problem. People still flock MGG & other places. Their EFX show is a sell out! Looks like this is a good time to BUY some MGG. CIR looks like a good buy as well.

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To: Jesh who wrote (43)7/30/1997 2:18:00 PM
From: Steven W.
   of 96
 
Jesh,

Great to hear it is still rocking at the MGM. The stock is moving higher on
heavy volume today. This sector has been whipped over the last
few months.

Over 600,000 shares at 1:00pm at $33.75 up 3/8's.

Steve

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To: Steven W. who wrote (44)8/1/1997 11:37:00 PM
From: Randy Atkins
   of 96
 
Nice support today. MGG held up nicely while other sector stocks faltered (MIR and CIR).

Still worried about those stocks of ol' frizzy hair...

--Randy

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To: Randy Atkins who wrote (45)8/21/1997 6:58:00 PM
From: Steven W.
   of 96
 
Randy,

Smith Barney initiated coverage of MGG at outperform after the close
today. Can anyone tell me what outperform means. I understand
hold, buy, and strong buy.

Two good days in a row. Up a point on a down day.

Still holding on to MGG.

Steve

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