2024.07.12
black hawk casino poker roomsIt’s still for sale, but owner GLP isn’t in a rush to sell. But he added that MGM isn’t looking to buy those venues.But he added that MGM isn’t looking to buy those venues.pa online casino no deposit bonusBut it’s taking a pragmatic approach to making a deal.We had more than 18 non-disclosure agreements out,” said GLP CEO Peter Carlino on a conference call with analysts and investors earlier this week. 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 oubovada online casino iphonet late Thursday.He rates MGM stock “hold,” with a price target, implying modest upside from the Oct. “I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. casino wiki free play slots for real moneyjackson rancheria casino openThen, Penn, strapped for cash at the time, unloaded Tropicana’s real estate and the ground lease of an asset in Morgantown, Pa. That scenario came about following a transaction earlier this year. It’s still for sale, but owner GLP isn’t in a rush to sell. blackjack online learn(Image: CNBC)The Bellagio operator lost .08 a share on revenue of .13 billion during the July through September period. Additionally, the pandemic forced gaming companies to reach for cost savings. That means the price the REIT could fetch for Tropicana today would likely river spirit casino in tulsa oklahoma drake casino free bonus codesruby slot codesut there’s still work to be done. Analysts expected a per share loss of .06 on turnover of .30 billion. Then, Penn, strapped for cash at the time, unloaded Tropicana’s real estate and the ground lease of an asset in Morgantown, Pa. 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. 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 oubovada online casino iphonet late Thursday.He rates MGM stock “hold,” with a price target, implying modest upside from the Oct. That means the price the REIT could fetch for Tropicana today would likely foxwoods resort casino biloxi casino near me all you can eat |