2024.07.18
clearwater casino bar(Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. That means the price the REIT could fetch for Tropicana today would likely But he added that MGM isn’t looking to buy those venues.desert diamond casino million dollar winner30, 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. There’s ample interest among potential buyers for the Tropicana Las Vegas. ut there’s still work to be done. betrivers jobs harrah s casino valet parkingadmiral casino no deposit bonus 2021It’s still for sale, but owner GLP isn’t in a rush to sell. But whether those flirtations result in credible offers for the iconic venue remains to be seen. to GLP for 7.5 million in lease credits.Since then, GLP confirmed it’s open to selling Tropicana. aliante casino hotel spaThat’s up from a second-quarter EBITDA loss of 4 million on sales of 1 million.The Strip, where it’s the largest operator, accounts for approximately half of MGM’s EBITDA.All About VegasIn a normal operating environment, MGM’s deep Strip exposure is a plus. We’re not overly focused on M&A, particularly here in Las Vegas,” he said. But he added that MGM isn’t looking to buy those venues.seven feathers casino hotel coushatta casino buffet menuhow to play at winstar casinoAdjusted property earnings before interest, taxes, depreciation and amortization (EBITDA) of -.8 million beats the consensus estimate of - million.We saw sequential improvements in all of our markets in the third quarter, and our regional properties have led the pace of recovery with several properties generating record operating performance,” said CEO Bill Hornbuckle on a conference call with analysts and investors.Still grappling with the effects of the coronavirus pandemic, the Mirage operator posted third-quarter EBITDA of million in its home market on revenue of 1 million. (Image: CNBC)The Bellagio operator lost .08 a share on revenue of .13 billion during the July through September period. But he added that MGM isn’t looking to buy those venues.(Image: CNBC)The Bellagio operator lost .08 a share on revenue of .13 billion during the July through September period. (Image: CNBC)The Bellagio operator lost .08 a share on revenue of .13 billion during the July through September period. That’s something MGM is executing in significant fashion, with executives saying the operator found 0 million in reductions, which it expects will remain permanent even as business gradually returns to normal.Following a recent debt sale, MGM had .50 billion in domestic liquidity as of Sept. turtle creek casino deli menu intertops casino slots |