2024.07.19
mgm casino stand forMGM Resorts International (NYSE:MGM) raised 0 million in the second sale of units in gaming real estate investment trust (REIT) MGM Growth Properties (NYSE:MGP). Broadly speaking, Wall Street likes the REIT. But some analysts and investors speculate the company could be better off with more independence and less oversight from MGM.The Mirage operator is MGP’s only tenant, while rival gaming REITs have multiple clients, giving those competitors more rental income diversification. exclusive online casino no deposit bonusMGM Resorts International (NYSE:MGM) raised 0 million in the second sale of units in gaming real estate investment trust (REIT) MGM Growth Properties (NYSE:MGP). That’s while allowing it to keep pro rata net leverage at 5.3x, within the company’s stated goal of 5x to 5.5x. Casinos want the Chicago casino resort to be built in a popular downtown area, one possibility being near Millennium Park. twin river casino parking free blackjack casino gamesgold spike casino downtown las vegasBut some analysts and investors speculate the company could be better off with more independence and less oversight from MGM.The Mirage operator is MGP’s only tenant, while rival gaming REITs have multiple clients, giving those competitors more rental income diversification. MGM Resorts International (NYSE:MGM) raised 0 million in the second sale of units in gaming real estate investment trust (REIT) MGM Growth Properties (NYSE:MGP). Operator MGM Resorts said it redeemed more shares of REIT MGM Growth. the cafe black oak casinoBut last month, reports surfaced that MGP could make a run at buying the Venetian, Palazzo, and Sands Convention Center from Las Vegas Sands if the landlord can find a credible operator partner.Broadly speaking, Wall Street likes the REIT. Broadly speaking, Wall Street likes the REIT. intertops casino coupon codes choctaw casino websitejamul casino indeedThe Mirage on the Las Vegas Strip. (Image: TripAdvisor)In September, the City of Chicago sent out a Request for Information (RFI) regarding its IR project to casino operators. But some analysts and investors speculate the company could be better off with more independence and less oversight from MGM.The Mirage operator is MGP’s only tenant, while rival gaming REITs have multiple clients, giving those competitors more rental income diversification. Bellagio and the Bay State venue are the only real estate pieces in MGM’s domestic portfolio not owned by MGP.As for the REIT, it remains to be seen what its next corporate move is. One said it should be located in the Southeast Side near Lake Calumet. Three of the world’s largest casino operators — MGM Resorts, Wynn Resorts, and Hard Rock International — as well as several other gaming companies are telling officials in Chicago that its forthcoming integrated resort (IR) should be located in or near downtown. draftkings casino vip free slot games 2020 |