firekeepers casino foodWhile those asset sales have been taking place for two years, Credit Suisse’s Chaiken argues the stock isn’t getting enough credit for the company’s transformation.“MGM has gone through a transformation, recently announcing four transactions, and we believe the market is not giving full credit,” said the analyst.The operator’s recent spate of deal-making includes purchasing the operating rights of the Cosmopolitan on the Strip for about .6 billion, acquiring the 50 percent of City Center it didn’t previously own and using that transaction to sell the real estate of Aria and Vdara to Blackstone for $.89 billion and VICI Properties’ (NYSE:VICI) .2 billion all-stock acquisition of MGM Growth Properties (NYSE:MGP).That takeover efficiently monetizes MGM’s .4 billion stake in the real estate investment trust (REIT), and the gaming company is getting a one percent interest in the new VICI.Those transactions make MGM a “cleaner, more simplified organization, with a more attractive capital structure,” said Chaiken.Options for Cash, Limited Macau ImpactAs Chaiken notes, MGM could buyback a significant chunk of its .57 billion in market capitalization with its billion in cash. But one analyst is making the case the stock isn’t adequately appreciated. The casino company unveiled its billion Reno Neon Line District vision in 2019. table games at empire casinoThat implies upside of more than 53 percent from the Oct. This should change now that business is being streamlined,” said Chaiken in the note. Jacobs says it will develop, own, and lease the condos.Jacobs additionally announced two apartment projects in the district. sycuan casino owner

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is viejas casino open for businebMGM’s Golden Lion, seen above. An analyst thinks it can soar another 50 percent. The casino company unveiled its billion Reno Neon Line District vision in 2019. blackjack casino slotChaiken’s call is sparking an impressive rally in MGM stock, sending it higher by more than seven percent on volume that’s already more than double the daily average.MGM is a consensus Neutral name, in part due to a ‘conglomerate discount,’ but we think sentiment will improve. 11 close. The company currently operates Sands, as well as Gold Dust West casinos in Reno, Carson City, and Elko, and The Gilpin and Lodge casinos in Black Hawk, Co.The Neon Line District stretches fromsunset station casino henderson

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