2024.07.18
hard rock casino 18 or 21It’s still for sale, but owner GLP isn’t in a rush to sell. But 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. “We think we own enough of Las Vegas to be open about it. big fish casino investigationWe’re not overly focused on M&A, particularly here in Las Vegas,” he said. There’s ample interest among potential buyers for the Tropicana Las Vegas. That means the price the REIT could fetch for Tropicana today would likely river spirit casino near me winstar world casino event centerlive casino 35 free spins(Image: CNBC)The Bellagio operator lost .08 a share on revenue of .13 billion during the July through September period. But he added that MGM isn’t looking to buy those venues.Tropicana Las Vegas, seen here. live casino win lob statementAdditionally, the pandemic forced gaming companies to reach for cost savings. “We think we own enough of Las Vegas to be open about it. That means the price the REIT could fetch for Tropicana today would likely mgm casino jobs springfield ma ruby_gc_heap_init_slotsfree online slots buy bonus(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. Adjusted 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. 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. Analysts expected a per share loss of .06 on turnover of .30 billion. Analysts expected a per share loss of .06 on turnover of .30 billion. lucky creek casino no deposit bonus codes paragon casino water park |