2024.07.16
are casinos open in las vegasBut last month, reports surfaced that MGP could make a run at buying the Venetian, Palazzo, and Sands Convention Center from Las Vegas Sands if the landlord can find a credible operator partner.Three of the world’s largest casino operators — MGM Resorts, Wynn Resorts, and Hard Rock International — as well as several other gaming companies are telling officials in Chicago that its forthcoming integrated resort (IR) should be located in or near downtown. Broadly speaking, Wall Street likes the REIT. cache creek casino logoBroadly speaking, Wall Street likes the REIT. But last month, reports surfaced that MGP could make a run at buying the Venetian, Palazzo, and Sands Convention Center from Las Vegas Sands if the landlord can find a credible operator partner.Three of the world’s largest casino operators — MGM Resorts, Wynn Resorts, and Hard Rock International — as well as several other gaming companies are telling officials in Chicago that its forthcoming integrated resort (IR) should be located in or near downtown. firekeepers casino dining is coushatta casino open after hurricanedragon 88 gold slots free slot casino gamesRush owns and operates Rivers-branded casinos in Illinois, New York, and Pennsylvania. Rush owns and operates Rivers-branded casinos in Illinois, New York, and Pennsylvania. Two did not answer tdownload hard rock casinohe location question.Chicago isn’t disclosing which companies specified where they would most be interested in building a casino resort.Along with MGM, Wynn, and Hard Rock, Chicago-based Rush Street Gaming also responded to the RFI. chinook winds casino cameraThe Mirage on the Las Vegas Strip. (Image: TripAdvisor)In September, the City of Chicago sent out a Request for Information (RFI) regarding its IR project to casino operators. Chicago Mayor Lori Lightfoot (D) revealed the results this week, and one thing is for certain — a downtown gaming and resort destination would yield the most interest.Eleven companies invested in the gaming industry submitted RFI responses. roulette game in casino intertops casino sign upvideo poker vip casino 770Bellagio and the Bay State venue are the only real estate pieces in MGM’s domestic portfolio not owned by MGP.As for the REIT, it remains to be seen what its next corporate move is. MGM Resorts International (NYSE:MGM) raised 0 million in the second sale of units in gaming real estate investment trust (REIT) MGM Growth Properties (NYSE:MGP). That’s while allowing it to keep pro rata net leverage at 5.3x, within the company’s stated goal of 5x to 5.5x. Eight said the casino should be located downtown or near downtown. MGP funded the transaction with proceeds in an 0 million June debt sale.With the .4 billion agreement complete, MGM’s interest in the real estate company falls to 53 percent from 56.7 percent following the May 0 million sale.That’s actually a positive for MGP. The stock will trade on the Nasdaq under the ticker “GNOG.”soaring eagle casino players club mychoice hollywood casino |