2024.07.17
boulder station casino pizzaBut 2020 is anything but normal, and with a COVID-19 vaccine still months away, the gaming company remains vulnerable to sluggish business traffic and tourists’ reluctance to fly to destination markets.“With no signs that the group/convention business will be recovering anytime soon, we would prefer to stay on the sidelines,” said Stifel analyst Steven Wieczynski in a note oujackson rancheria casino dream catchers clubt late Thursday.He rates MGM stock “hold,” with a price target, implying modest upside from the Oct. 30, excluding stakes in MGM China and MGM Growth Properties.Not Focusing on M&AWhile consolidation is brisk in the gaming industry these days and Strip venues are up for sale, presumably at lower prices than were available pre-pandemic, Hornbuckle said acquisitions aren’t a priority for the company today.“And look, we’ll be opportunistic. That scenario came about following a transaction earlier this year. island resort and casino to reopenThat means the price the REIT could fetch for Tropicana today would likely That means the price the REIT could fetch for Tropicana today would likely Tropicana Las Vegas, seen here. blackjack casino deadwood sd hard rock casino night clubrunning aces casino owner“I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. Analysts expected a per share loss of .06 on turnover of .30 billion. But we’ve been surprised by the activity.”The leader of the gaming real estate investment trust (REIT) adds his company would like “to reach a transaction as early as we plausibly can,” but adds GLP is comfortable with the current state of jackson rancheria casino dream catchers clubaffairs at the Strip venue.Affording the Luxury of PatienceFor multiple reasons, GLP doesn’t need to be hasty in unloading the Tropicana. liberty slots casino mobile app29 close of .29.On the bright side, all of the company’s Strip venues are reopened and generated positive earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) during September. But it’s taking a pragmatic approach to making a deal.We had more than 18 non-disclosure agreements out,” said GLP CEO Peter Carlino on a conference call with analysts and investors earlier this week. But it’s taking a pragmatic approach to making a deal.We had more than 18 non-disclosure agreements out,” said GLP CEO Peter Carlino on a conference call with analysts and investors earlier this week. c bar four winds casino new slot machine casino videobicycle casino updateThere’s ample interest among potential buyers for the Tropicana Las Vegas. There’s ample interest among potential buyers for the Tropicana Las Vegas. Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. Tropicana Las Vegas, seen here. That means the price the REIT could fetch for Tropicana today would likely There’s ample interest among potential buyers for the Tropicana Las Vegas. turtle creek casino number jamul casino promotion |