2 casinos in ctRichmond, the fifth qualifying city, opted to wait a year. That’s a sign investors are willing to wager on increasing COVID-19 vaccinations and pent-up demand fostering a Sin City rebound in the back half of this year.MGM stock is highly levered to that theme because the company depends on the Strip for approximately half its earnings before interest, taxes, depreciation and amortization (EBITDA). This week, officials in Richmond confirmed the interest of The Cordish Companies and another pitch from a partnership between Urban One and Colonial Downs. cool cat casino mobile(Image: Wikimedia Commons)So far, Bally’s is the high bidder. Next November, Richmond voters will be presented with a specific casino plan and asked if they approve of the project through a ballot referendum.Richmond has received the largest investment bids. (Image: Wikimedia Commons)So far, Bally’s is the high bidder. encore casino boston parking

peppermill casino salt lake city

online slots uk free spinsAdd Bally’s Corporation to the list of casino operators interested in investing in Richmond, Va. BetMGM is live in a dozen states — a number slated to grow significantly this year — and is proving adept at commanding strong market share in those regions.Pansy Ho Takes Some ProfitsWhile MGM stock is in rally mode, one well-known shareholder is capitalizing on that strength to reduce her holdings.A recent regulatory filing with the Hong Kong Stock Exchange confirms Pansy Ho, cochairperson of MGM China, sold one million shares of MGM Resorts equity earlier this month at an average price of .60, for gross proceeds of .6 million.Ho last pared her stake in the Mirage operator through two share sales in late 2019. The targeted site is along I-95 just south of the Bells Road exit. firekeepers casino twitterRichmond, the fifth qualifying city, opted to wait a year. Voters in each of those towns can decide whether to authorize a gaming resort to help their region’s economy.Four did so last November in Bristol, Danville, Norfolk, and Portsmouth. That’s crucial for MGM employees and investors because the company operates 13 Las Vegas venues.In a sign that things are trending in the right direction, the gaming company said last week the hotels at Mandalay Bay, The Mirage, and Park MGM will be open seven days a week, 24 hours a day, starting March 3.Enthusiasm Abound for MGM StockUp 19 percent year-to-date, the Bellagio operator is easily one of the best-performing gaming equities to start 2021. viejas casino dog friendly

is sunset station casino open

riverwind casino addrebStill, Wall Street is comfortable being bullish on the name.“We expect demand among leisure travelers to recover this summer, and look for a rebound in the company’s convention business later in the year,” said Staszak. This week, officials in Richmond confirmed the interest of The Cordish Companies and another pitch from a partnership between Urban One and Colonial Downs. Add Bally’s Corporation to the list of casino operators interested in investing in Richmond, Va. The 0 million total investment includes a one-time, 0 million upfront payment to the City of Richmond.As for the casino, Bally’s Richmond plans to include approximately 2,500 slot machines, 90 table games, a 30-table poker room, a high-limit gaming area, and a VIP lounge.Richmond’s Virginia Top MarketLast year, Virginia legalized commercial gambling for five economically troubled cities. Richmond, the fifth qualifying city, opted to wait a year. The resort would feature 2,000 slot machines, 75 table games, a sportsbook, and a 300-room hotel.Minority Key ComponentAll four casino bids in Richmond promise the city a positive social impact. the star casino gold coast xmas lunch