2024.07.17
mgm casino to little caesars arena(Image: Las Vegas Review-Journal)In a note to clients today, Credit Suisse analyst Benjamin Chaiken upgrades the Bellagio operator to “outperform” from “neutral,” with price target. .8 percent, and Asians just four percent.While those asset sales have been taking place for two years, Credit Suisse’s Chaiken argues the stock isn’t getting enough credit for the company’s transformation.“MGM has gone through a transformation, recently announcing four transactions, and we believe the market is not giving full credit,” said the analyst.The operator’s recent spate of deal-making includes purchasing the operating rights of the Cosmopolitan on the Strip for about .6 billion, acquiring the 50 percent of City Center it didn’t previously own and using that transaction to sell the real estate of Aria and Vdara to Blackstone for $.89 billion and VICI Properties’ (NYSE:VICI) .2 billion all-stock acquisition of MGM Growth Properties (NYSE:MGP).That takeover efficiently monetizes MGM’s .4 billion stake in the real estate investment trust (REIT), and the gaming company is getting a one percent interest in the new VICI.Those transactions make MGM a “cleaner, more simplified organization, with a more attractive capital structure,” said Chaiken.Options for Cash, Limited Macau ImpactAs Chaiken notes, MGM could buyback a significant chunk of its .57 billion in market capitalization with its billion in cash. bellagio casino in atlantic cityAn analyst thinks it can soar another 50 percent. 2nd and 3rd streets. A map showcasing the borders of the Reno Neon Line District is seen. hard rock casino cincinnati royal ace casino 50 free chipraging bull casino bonus codes august 2021The casino company unveiled its billion Reno Neon Line District vision in 2019. MGM stock isn’t getting the credit it deserves. The second apartment buildingslot casino bonus codesg is being targeted further west at the convergence of 4th, Keystone, and 3rd streets.Major Reno RenovationJacobs Entertainment is embarking on one of the largest mixed-use development initiatives in the history of Reno. chumba casino cash outThe casino company unveiled its billion Reno Neon Line District vision in 2019. .8 percent, and Asians just four percent.A map showcasing the borders of the Reno Neon Line District is seen. big fish casino update vacation rentals near chinook winds casinopechanga casino temecula caOne complex will be built just south of W. 11 close. Jacobs Entertainment unveiled three components of the company’s billion Reno Neon Line District undertaking in the Nevada city. The location is just south of its Sands Regency casino, between W. MGM Resorts International (NYSE:MGM) is the largest operator on the Las Vegas Strip, and the shares are up 41 percent year-to-date. One complex will be built just south of W. governor of poker 3 free online las atlantis casino no deposit bonus 2021 |