jamul casino floor planShares of MGM Resorts International (NYSE:MGM) are lower by about five percent in midday trading Thursday. But President Bill Hornbuckle acknowledged on Wednesday’s conference call that it could be 2025 before that’s a profitable business for the company.In his note, Wieczynski scoffed, saying “don’t talk to us about sports betting.” And if it’s a gaming company that’s returning capital to shareholders investors are looking for, the analyst sees better ideas out there.“Although management has stuck to its word by accelerating direct returns of capital to shareholders, we believe there are cleaner, more lucrative return-of-capital plays in the destination operator space today, notably LVS,” he said.Additionally, the analyst isn’t enthusiastic about the operator reducing its real estate holdings.“We continue to have a philosophical difference of opinion regarding management’s decision to sell its most valuable assets, its Strip real estate,” said Wieczynski. golden nugget casino water slideMurren, 58, also played a pivotal role in bringing the first professional sports franchise to the city – the Vegas Golden Knights.He pledged to stay on until a successor is found. But analysts and investors were surprised by the announcement because Murren’s current contract ends on Dec. That follows an eventful Wednesday afternoon in which the company announced the resignation of Chairman and CEO Jim Murren, disappointing fourth-quarter results, and the withdrawal of financial guidance for this year. intertops casino red instant play

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chumba casino money(Image: Yahoo Finance)News of Murren’s departure stunned analysts and the gaming industry alike. (Image: Yahoo Finance)News of Murren’s departure stunned analysts and the gaming industry alike. He joined the company in 1998, rising to the top spot in 2008 while orchestrating MGM’s ascent as the largest operator on the Las Vegas Strip. does hard rock casino have gift cardsand its Mississippi properties, MGM’s regional portfolio disappointed in the fourth quarter. CEO Jim Murren is leaving MGM, but one analyst believes the stock needs more catalysts. MGM Resorts International Chairman and CEO Jim Murren announced he would step down from the Las Vegas-based gaming giant. casino in atlantic city

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treasure island resort and casino welch mnMGM Resorts International Chairman and CEO Jim Murren announced he would step down from the Las Vegas-based gaming giant. (Image: Yahoo Finance)News of Murren’s departure stunned analysts and the gaming industry alike. The company also announced a billion share repurchase program and a 15 percent dividend hike.Longer-Ranging PlansCash from asset sales could also be used to fund MGM’s plan to bring an integrated resort to Osaka, Japan, an effort Murren says he will remain involved with.The company has also been making a slew of moves to bolster its presence in the rapidly growing US sports betting market. 31, 2021, meaning he’s leaving before that agreement expires. Shares of MGM Resorts International (NYSE:MGM) are lower by about five percent in midday trading Thursday. But President Bill Hornbuckle acknowledged on Wednesday’s conference call that it could be 2025 before that’s a profitable business for the company.In his note, Wieczynski scoffed, saying “don’t talk to us about sports betting.” And if it’s a gaming company that’s returning capital to shareholders investors are looking for, the analyst sees better ideas out there.“Although management has stuck to its word by accelerating direct returns of capital to shareholders, we believe there are cleaner, more lucrative return-of-capital plays in the destination operator space today, notably LVS,” he said.online gambling quora