casino 0307An analyst thinks it can soar another 50 percent. The location is just south of its Sands Regency casino, between W. MGM Resorts International (NYSE:MGM) is the largest operator on the Las Vegas Strip, and the shares are up 41 percent year-to-date. firekeepers casino events 2021(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. “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 company currently operates Sands, as well as Gold Dust West casinos in Reno, Carson City, and Elko, and The Gilpin and Lodge casinos in Black Hawk, Co.The Neon Line District stretches fromdraftkings casino ny

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sam s town gambling casinoWhile 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. Jacobs Entertainment unveiled three components of the company’s billion Reno Neon Line District undertaking in the Nevada city. A map showcasing the borders of the Reno Neon Line District is seen. is kansas star casino open.8 percent, and Asians just four percent.2nd and 3rd streets. The location is just south of its Sands Regency casino, between W. free slot games offline

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thunder valley casino general managerAn analyst thinks it can soar another 50 percent. The company is the owner and operator of the Sands Regency Casino Hotel. Jacobs Entertainment unveiled three components of the company’s billion Reno Neon Line District undertaking in the Nevada city. The casino company unveiled its billion Reno Neon Line District vision in 2019. The company is the owner and operator of the Sands Regency Casino Hotel. That implies upside of more than 53 percent from the Oct. lucky tiger casino download