eldorado reno casino hosts2nd and 3rd streets. (Image: Reno)Jacobs Entertainment CEO Jeff Jacobs confirmed over the weekend to the Reno Gazette-Journal that a new condominium complex with 130 units will be developed. While 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. is online poker legalBut one analyst is making the case the stock isn’t adequately appreciated. (Image: Las Vegas Review-Journal)In a note to clients today, Credit Suisse analyst Benjamin Chaiken upgrades the Bellagio operator to “outperform” from “neutral,” with price target. Jacobs Entertainment, the owner of the Sands Regency Casino and the primary driving force behind the district development, says its first step in making the project a reality involves building a condominium complex and two apartment buildings. free casino slots sun and moon

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casino roulette james bondThe second apartment buildinchoctaw casino broken bowg is being targeted further west at the convergence of 4th, Keystone, and 3rd streets.Major Reno RenovationJacobs Entertainment is embarking on one of the largest mixed-use development initiatives in the history of Reno. 11 close. Jacobs Entertainment unveiled three components of the company’s billion Reno Neon Line District undertaking in the Nevada city. free online poker machinesMGM’s Golden Lion, seen above. The second apartment buildinchoctaw casino broken bowg is being targeted further west at the convergence of 4th, Keystone, and 3rd streets.Major Reno RenovationJacobs Entertainment is embarking on one of the largest mixed-use development initiatives in the history of Reno. .8 percent, and Asians just four percent.where is the nearest casino near me

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boomtown casino covid 19This should change now that business is being streamlined,” said Chaiken in the note. “Further, MGM will end up with ~ billion of cash, and can either buy back a material portion of its market cap, or invest in high growth areas, such as sports betting.”The analyst’s bull call on the casino giant comes as the company is weighing options regarding how to proceed with its thriving BetMGM unit. The location is just south of its Sands Regency casino, between W. 2nd and 3rd streets. But it’s unlikely the company will spend all of that capital on share repurcchoctaw casino broken bowhases.Should DraftKings acquire Entain and MGM is successful in retaining BetMGM, the casino company will need a technology partner for the online gaming unit, and it could acquire one with a portion of the cash stockpile/ But it remains to be seen if that will be necessary.As for the operator’s Macau exposure, which may appear to be a liability due to recent regulatory headwinds, Chaiken notes MGM China accounts for just of MGM’s stock price.That implies upside of more than 53 percent from the Oct. free 3d slot games no download