2024.07.12
casino quality roulette tableIt’s still for sale, but owner GLP isn’t in a rush to sell. (Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. Additionally, the pandemic forced gaming companies to reach for cost savings. sycuan casino hotel openingThat’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. That scenario came about following a transaction earlier this year. 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 ouwhere is cool cat casino locatedt late Thursday.He rates MGM stock “hold,” with a price target, implying modest upside from the Oct. firekeepers casino security peppermill casino pabport rewardsis black oak casino open yetWe’re not overly focused on M&A, particularly here in Las Vegas,” he said. Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. 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. brian christopher slots facebookto GLP for 7.5 million in lease credits.Since then, GLP confirmed it’s open to selling Tropicana. 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 where is cool cat casino locatedaffairs at the Strip venue.Affording the Luxury of PatienceFor multiple reasons, GLP doesn’t need to be hasty in unloading the Tropicana. Additionally, the pandemic forced gaming companies to reach for cost savings. black bear casino clay walker gta v casino slot machinecool cat casino free codesPenn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. “I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. Analysts expected a per share loss of .06 on turnover of .30 billion. We’re not overly focused on M&A, particularly here in Las Vegas,” he said. Additionally, the pandemic forced gaming companies to reach for cost savings. 29 close of .29.On the bright side, all of the company’s Strip venues are reopened and generated positive earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) during September. lucky creek casino phone number biggest online casino no deposit bonus |