2024.07.12
desert diamond casino tucsonShares of MGM Resorts International (NYSE:MGM) are trading lower Thursday, as the stock contends with several new sell-side assessments, none of which are enthusiastic. (Image: CNBC)Today’s analyst action on MGM stock includes two downgrades and a resumption of coverage from Credit Suisse with a tepid “neutral” rating. In restarting coverage of shares of the Bellagio operator, analyst Ben Combes slashed the bank’s price target on the casino stock to from , expressing a preference for rival Las Vegas Sands (NYSE:LVS). hollywood casino wvThat forecast is below the handle MGM stock sports at this writing.Bank of America is similarly gloomy on the name, downgrading it to “underperform” from “neutral,” citing what’s likely to be a long road back for Las Vegas following the COVID-19 pandemic. The Board is committed to assisting each of Pennsylvania’s licensed casino operators and facilities to reopen in a safe and efficient manner,” a PGCB note said.”“We fully anticipate that we will work together to rebuild this industry to again be a leading economic engine for Pennsylvania and to restore the first-rate entertainment facilities each of our Licensees have developed,” the state gaming regulator concluded.Shares of MGM Resorts International (NYSE:MGM) are trading lower Thursday, as the stock contends with several new sell-side assessments, none of which are enthusiastic. caesars casino reno mohegan sun casino masksbig fish casino horse racingCasinos will need to place floor markings in areas lines may form that show where to stand to maintain social distancing of at least six feet. Casinos will need to place floor markings in areas lines may form that show where to stand to maintain social distancing of at least six feet. Plexiglass will separate dealers and players at table games, and certain slot machines will be disabled to keep gamblers apart.Safety ProtocolsPennsylvania casinos have a laundry list of health safety measures they must abide by. online casino las atlantisThat thesis is rooted in the notion that gamblers, although eager to return to the tables and slots, aren’t anxious to get on planes to fly to Las Vegas and are encore casino layoutmore likely to go casinos that are within driving distance of their homes.Other IssuesBank of America notes that on the Strip, MGM is more dependent on room revenue than Caesars Entertainment (NASDAQ:CZR), which is problematic for the Mirage operator, because only a few of its 10 venues will be part of the initial reopening.“In Las Vegas, MGM is more reliant on its room revenues and less reliant on the casino block than CZR, while it will likely face strong competition on the high-end from smaShares of MGM Resorts International (NYSE:MGM) are trading lower Thursday, as the stock contends with several new sell-side assessments, none of which are enthusiastic. The majority of the action was on overseas events, including table tennis, soccer, and darts. tachi palace casino rooms borgata casino resort and spared stag casino gamesCasinos will need to place floor markings in areas lines may form that show where to stand to maintain social distancing of at least six feet. That forecast is below the handle MGM stock sports at this writing.Bank of America is similarly gloomy on the name, downgrading it to “underperform” from “neutral,” citing what’s likely to be a long road back for Las Vegas following the COVID-19 pandemic. The Board is committed to assisting each of Pennsylvania’s licensed casino operators and facilities to reopen in a safe and efficient manner,” a PGCB note said.”“We fully anticipate that we will work together to rebuild this industry to again be a leading economic engine for Pennsylvania and to restore the first-rate entertainment facilities each of our Licensees have developed,” the state gaming regulator concluded.Oddsmakers kept .88 million of the money bet.The COVID-19 pandemic has dealt the casino industry an unexpected and unprecedented blow over the last few months. That number was $content$ last month, as they remain closed. Oddsmakers kept .88 million of the money bet.The COVID-19 pandemic has dealt the casino industry an unexpected and unprecedented blow over the last few months. 007 online casino intertops casino poker |