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mountaineer casino spaTropicana Las Vegas, seen here. “We think we own enough of Las Vegas to be open about it. First and foremost, Penn National’s financial position is improving, indicating there’s little near- to medium-term risk that the operator will be pinched by its obligations on the venue.Second, the coronavirus pandemic is resulting in depressed pricing on gaming real estate. jupiter online casino no deposit bonus codesThat’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. (Image: CNBC)The Bellagio operator lost .08 a share on revenue of .13 billion during the July through September period. That means the price the REIT could fetch for Tropicana today would likely riversweeps 777 online casino app blackjack online 888nearest casino from our locationThat scenario came about following a transaction earlier this year. “I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. It’s still for sale, but owner GLP isn’t in a rush to sell. mgm casino events national harborBut 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. “We think we own enough of Las Vegas to be open about it. cashman casino 1 million free coins europa casino free slotslucky creek casino realThat scenario came about following a transaction earlier this year. 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. (Image: CNBC)The Bellagio operator lost .08 a share on revenue of .13 billion during the July through September period. 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 ouwild casino withdrawal rulest 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. But he added that MGM isn’t looking to buy those venues.doubledown casino 80 free spins river spirit casino security |