2024.07.19
hallmark casino no deposit bonus codes march 2020That implies upside of more than 53 percent from the Oct. But one analyst is making the case the stock isn’t adequately appreciated. Jacobs Entertainment unveiled three components of the company’s billion Reno Neon Line District undertaking in the Nevada city. peppermill casino winners2nd and 3rd streets. An analyst thinks it can soar another 50 percent. MGM Resorts International (NYSE:MGM) is the largest operator on the Las Vegas Strip, and the shares are up 41 percent year-to-date. betrivers casino4fun twin river casino r.ichukchansi casino employmentThat implies upside of more than 53 percent from the Oct. 2nd and 3rd streets. MGM’s Golden Lion, seen above. palace station casino phone numberThe company is the owner and operator of the Sands Regency Casino Hotel. But one analyst is making the case the stock isn’t adequately appreciated. (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. codeshare doubledown casino facebook live casino gift cardis online gambling legal in californiaA map showcasing the borders of the Reno Neon Line District is seen. MGM’s Golden Lion, seen above. MGM Resorts International (NYSE:MGM) is the largest operator on the Las Vegas Strip, and the shares are up 41 percent year-to-date. 11 close. MGM Resorts International (NYSE:MGM) is the largest operator on the Las Vegas Strip, and the shares are up 41 percent year-to-date. While 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. popular table games casino intertops red casino mobile lobby |