2024.07.19
z casino black hawk coloradoAdjusted property earnings before interest, taxes, depreciation and amortization (EBITDA) of -.8 million beats the consensus estimate of - million.We saw sequential improvements in all of our markets in the third quarter, and our regional properties have led the pace of recovery with several properties generating record operating performance,” said CEO Bill Hornbuckle on a conference call with analysts and investors.Still grappling with the effects of the coronavirus pandemic, the Mirage operator posted third-quarter EBITDA of million in its home market on revenue of 1 million. “I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. ut there’s still work to be done. downstream casino outdoor poolBut he added that MGM isn’t looking to buy those venues.That means the price the REIT could fetch for Tropicana today would likely Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. nearest casino to san antonio texas bicycle casino instagramtachi palace casino restaurantsWe’re not overly focused on M&A, particularly here in Las Vegas,” he said. 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. Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. scatter slots free casino games vegas slotsBut for now, we just love the safety and security of the liquidity.”Hornbuckle noted that it’d be a positive if Las Vegas Sands (NYSE:LVS) disposes of its Nevadaroulette casino vegas assets at the rumored billion price point, particularly if a less-able competitor enters the market. But he added that MGM isn’t looking to buy those venues.That scenario came about following a transaction earlier this year. black hawk casino events valley forge casino numbermorongo casino rulesThen, Penn, strapped for cash at the time, unloaded Tropicana’s real estate and the ground lease of an asset in Morgantown, Pa. ut there’s still work to be done. But we’ve been surprised by the activity.”The leader of the gaming real estate investment trust (REIT) adds his company would like “to reach a transaction as early as we plausibly can,” but adds GLP is comfortable with the current state of roulette casino vegasaffairs at the Strip venue.Affording the Luxury of PatienceFor multiple reasons, GLP doesn’t need to be hasty in unloading the Tropicana. But there will be other opportunities that the market presents to us that we’ll have to take a sincere look at. We’re not overly focused on M&A, particularly here in Las Vegas,” he said. It’s still for sale, but owner GLP isn’t in a rush to sell. casino en queens online slots real money blackjack |