2024.07.19
q casino hotelThat scenario came about following a transaction earlier this year. (Image: CNBC)The Bellagio operator lost .08 a share on revenue of .13 billion during the July through September period. That’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. encore casino covid 19“I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. Additionally, the pandemic forced gaming companies to reach for cost savings. to GLP for 7.5 million in lease credits.Since then, GLP confirmed it’s open to selling Tropicana. keluaran mgm casino golden nugget casino las vegas entertainmenttwin river casino updateWe’re not overly focused on M&A, particularly here in Las Vegas,” he said. (Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. “I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. firekeepers casino hotel battle creekBut 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 oublackjack 21 online casinot late Thursday.He rates MGM stock “hold,” with a price target, implying modest upside from the Oct. “We think we own enough of Las Vegas to be open about it. 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. slot casino online free clearwater casino summer concerts 2020sycuan casino free shuttle(Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. But whether those flirtations result in credible offers for the iconic venue remains to be seen. But 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 oublackjack 21 online casinot late Thursday.He rates MGM stock “hold,” with a price target, implying modest upside from the Oct. But there will be other opportunities that the market presents to us that we’ll have to take a sincere look at. But he added that MGM isn’t looking to buy those venues.Additionally, the pandemic forced gaming companies to reach for cost savings. foxwoods resort casino number valley forge casino convention center |