2024.07.17
table games at downstream casino(Image: Zimbio)A group of Bernstein analysts recently met with MGM CFO Sanders in Las Vegas. Recently, a team of Fitch Ratings lucky tiger casino onlineanalysts that visited the Land of Rising Sun came away saying they believed operators would need to spend billion to billion to build gaming properties there, up from a prior estimate of billion at the high end.While MGM faces competitors in its Osaka effort, other rivals, such as Las Vegas Sands and Melco Resorts, recently said they are abandoning plans for that city to focus on Yokohama.Other PrioritiesBeyond Japan, MGM has other priorities, including deleveraging, according to the Bernstein analysts. MGM would leaseback Bellagio and MGM Grand from Blackstone.Combined, sales of those three assets could command around billion on a pre-tax basis, proceeds that would help the company reduce a debt burden that stood at .8 billion at the end of the second quarter.Bernstein also noted that management is prioritizing growing its dividend over repurchasing stock. my choice casino lake tahoeThe company is reportedly in talks to sell the Bellagio and MGM Grand on the Las Vegas Strip to private equity firm Blackstone, and the Circus Circus to real estate investor Phil Ruffin. MGM’s ability to convince Japanese policymakers that it can have a gaming property in Osaka operational by early 2025 could go a long way toward boosting the company’s bid. Oddsmakers scored a touchdown on football, with the sport accounting for .6 million. golden nugget casino from my location casino near me vacasino resorts east coastGarden State oddsmakers won .2 million last month.(Image: Zimbio)A group of Bernstein analysts recently met with MGM CFO Sanders in Las Vegas. Recently, a team of Fitch Ratings lucky tiger casino onlineanalysts that visited the Land of Rising Sun came away saying they believed operators would need to spend billion to billion to build gaming properties there, up from a prior estimate of billion at the high end.While MGM faces competitors in its Osaka effort, other rivals, such as Las Vegas Sands and Melco Resorts, recently said they are abandoning plans for that city to focus on Yokohama.Other PrioritiesBeyond Japan, MGM has other priorities, including deleveraging, according to the Bernstein analysts. does hard rock casino have gift cardsThe company is reportedly in talks to sell the Bellagio and MGM Grand on the Las Vegas Strip to private equity firm Blackstone, and the Circus Circus to real estate investor Phil Ruffin. The city hosts the World Expo that year, an event that spans six months, from May to November.Costs And ComparisonsBernstein sees Japan’s gaming market as being comparable to Singapore, and estimates that MGM could spend approximately billion to build an integrated resort there.“The Japan market should be structurally similar to Singapore and MGM is expecting a return on investment of up to 20 percent,” said the analysts.The billion cost estimate jibes somewhat with other analyst projections. But a recent government survey indicates at least eight regions, and maybe as many as 11, are interested in being homes to the country’s first integrated resorts. online slots real money indiana fanduel casino.comcoushatta casino websiteOddsmakers scored a touchdown on football, with the sport accounting for .6 million. MGM’s ability to convince Japanese policymakers that it can have a gaming property in Osaka operational by early 2025 could go a long way toward boosting the company’s bid. MGM’s ability to convince Japanese policymakers that it can have a gaming property in Osaka operational by early 2025 could go a long way toward boosting the company’s bid. 0.6 percent through eight months.Finally, the US Bureau of Labor Statistics says unemployment in the Las Vegas-Paradise metered market fell by 0.1 percent between June and July (4.8-4.7 percent). The city hosts the World Expo that year, an event that spans six months, from May to November.Costs And ComparisonsBernstein sees Japan’s gaming market as being comparable to Singapore, and estimates that MGM could spend approximately billion to build an integrated resort there.“The Japan market should be structurally similar to Singapore and MGM is expecting a return on investment of up to 20 percent,” said the analysts.The billion cost estimate jibes somewhat with other analyst projections. Resort fees are unavoidable in Las Vegas, but two federal lawmakers want the add-on charges included in the original price. foxwoods resort casino events golden palace casino login |