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big dollar casino promo codesIsraeli hotelier Asher Gabay purchased the 25-room roadside inn last March for .4 million. (Image: DevelopTheStrip.com)For the owners of 38.56 acres of land across from the recently sold Mandalay Bay, the seller’s market comes a few years too late.Desert Land, LLC, Desert Oasis Apartments, LLC, and Desert Oasis Investments, LLC, filed for Chapter 11 bankruptcy protection in April of 2018. The MGM Resorts property, which is in the process of being sold to MGM Growth Properties and Blackstone Real Estate Income Trust, sits on 120 acres, including the 11-acre Mandalay Beach.In the middle of the land bankruptcy sits the 8 Motel. hard rock casino lake tahoe parkingBut if it does for MGM in February, the month could be rough for investors.“More specifically, looking back over the last decade, MGM stock averages a February loss of 1.2%, with only three out of 10 returns positive,” according to Schaeffer’s.The stock’s median February loss of 5.21 percent is the worst among S&P 500 members, and data out last week says options traders have been buying far more puts than calls on MGM equity, indicating they’re preparing for a pullback.But if it does for MGM in February, the month could be rough for investors.“More specifically, looking back over the last decade, MGM stock averages a February loss of 1.2%, with only three out of 10 returns positive,” according to Schaeffer’s.The stock’s median February loss of 5.21 percent is the worst among S&P 500 members, and data out last week says options traders have been buying far more puts than calls on MGM equity, indicating they’re preparing for a pullback.He’s considering razing the dated motel to make way for a 34-story, 620-room resort that could cost as much as 0 million.The bankruptcy land and Gabay’s motel are within walking distance of the Raiders stadium. caesar casino help

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