is little river casino openFollowing the recent acquisition of MGM Springfield, MGP owns essentially all of the property on which MGM’s domestic casinos operate.Other Reasons to Like MGP, VICIBaird favors gaming REITs among net lease names because there’s less competition and the product isn’t commoditized. Over the past year, shares of the two gaming REITs are up an average of 46 percent. It noted that three years ago debit cards for the first time overtook cash as the primary payment source in Great Britain. seneca niagara casino covidIt noted that three years ago debit cards for the first time overtook cash as the primary payment source in Great Britain. The research firm also likes the duo as plays on rising inflation.For example, Caesars Palace owner VICI has rent escalators in its tenant contracts which are tied to the Consumer Price Index (CPI). (Image: Viejas Casino and Resort)The survey found that 79 percent of bettors believe using cash allows them to “feel in control” of how much they risk. black oak casino new years eve 2020

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captain jack casino 100 no deposit bonus 2021(Image: Viejas Casino and Resort)The survey found that 79 percent of bettors believe using cash allows them to “feel in control” of how much they risk. In addition, 85 percent of those surveyed who had played at a land-based casino in the past year said cashless gaming solutions too easily allow individuals to bet more than they intended.The British public agency commissioned 2CV to conduct an online survey of 314 people who had wagered in a casino or other land-based venue in the past 12 months.Those who prefer to bet with cash say it not only lets them better control how much they spend, it also affords them privacy.However, land-based gamblers who prefer to use cashless payments said that this was due to security, the speed and ease of making payments, having a record of transacriver spirit casino santanations, and limiting contact in a post-COVID world,” the UKGC report stated. The exterior of the Mirage Las Vegas, seen above. harrah s casino in new orleansThose fears proved inaccurate, as gaming companies were able raise cash, and the real estate companies collected nearly all rent, even during the darkest days of the health crisis.Today, the likes of MGP and VICI are thriving. That’s well ahead of the 34.76 percent returned by the MSCI US Investable Market Real Estate 25/50 Index, a widely followed basket of real estate equities.In the case of MGP, that real estate company is levered to recovery on the Las Vegas Strip, because it owns the bulk of MGM’s real estate there. The VIP Mobility cashless gaming app is shown at the Viejas Casino and Resort in Alpine, Calif. mgm grand hotel casino expedia

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hard rock casino steakhouseAdditionally, MGM is expected to continue paring its stake in MGP. A recent study by the UK Gambling Commission found that most British gamblers surveyed do not want to use a cashless app for their gaming play. “Preference for cashless skews to younger gamblers, moderate-risk gamblers, and problem gamblers.”The report comes at a time when cashless is becoming king across the pond. Those escalators imply VICI and other REITs have pricing power, explaining why investors historically favor real estate as an inflation play.Caesars Entertainment (NASDAQ:CZR) is VICI’s biggest client, but unlike MGP, it has other tenants.Whilriver spirit casino santanae MGP currently lacks tenant diversity, Baird said the name offers upside possibilities by way of potential equity index inclusion and acquisitions. (Image: Viejas Casino and Resort)The survey found that 79 percent of bettors believe using cash allows them to “feel in control” of how much they risk. Those fears proved inaccurate, as gaming companies were able raise cash, and the real estate companies collected nearly all rent, even during the darkest days of the health crisis.Today, the likes of MGP and VICI are thriving. 5 casino court torquay