2024.07.08
little river casino updateIt is noting that BetMGM is currently the top iGaming operator and number three online sportsbook provider as measured by daily activdoubledown casino fe users.Sports Betting Ebullience Running HighThe arrival of football season has Wall Street enthusiastic about the prospects for gaming equities with significant sports wagering exposure, including MGM.Football is the most wagered-on sport in the US. That results in a .4 billion windfall and a one percent stake in the new company for MGM.It is noting that BetMGM is currently the top iGaming operator and number three online sportsbook provider as measured by daily activdoubledown casino fe users.Sports Betting Ebullience Running HighThe arrival of football season has Wall Street enthusiastic about the prospects for gaming equities with significant sports wagering exposure, including MGM.Football is the most wagered-on sport in the US. casino 7 slotsBut one analyst forecasts much more upside for the casino operator, driven by sports wagering. BetMGM is operational in those locations. Adding fuel to the fire is a slew of states joining the live and legal sports betting roster, including Arizona, South Dakota, and Wyoming. seven feathers casino livingston texas to morongo casinofree slot games with free coinsAt the end of August, roughly 53 percent of Clark County residents aged 12 and older had been fully vaccinated. At the end of August, roughly 53 percent of Clark County residents aged 12 and older had been fully vaccinated. That results in a .4 billion windfall and a one percent stake in the new company for MGM.admiral casino vicar laneRecently, the two operators forecast the North American internet casinos and online sports wagering markets will eventually be worth billion, up from billion today. BetMGM is operational in those locations. (Image: Las Vegas Review-Journal)In a note to clients today, Bernstein analyst Vitaly Umansky upgraded the Mandalay Bay operator to “outperform” from “market perform,” while boosting his price target on MGM stock to .90 from .60. choctaw casino durant slots seminole casino jackpot party payoutwhat does brian christopher slots do for a livingMGM Resorts International (NYSE:MGM) stock is up 34.21 percent year-to-date, making it one odoubledown casino ff the best-performing large-cap gaming equities. (Image: Las Vegas Review-Journal)In a note to clients today, Bernstein analyst Vitaly Umansky upgraded the Mandalay Bay operator to “outperform” from “market perform,” while boosting his price target on MGM stock to .90 from .60. MGM stock could rise another 40 percent, says an analyst. Dina Titus (D-Las Vegas) is supportive of Biden’s new mandate that requires all Strip casinos to force vaccination, or test unvaccinated personnel weekly.“You want the jobs back, you want the conventions back, you want the fun times back, then we have to make recovering the priority and getting those shots in arms,” Titus declared.Titus says it’s a better alternative to ongoing operating restrictions that many have labeled as draconian.Customers don’t want to come if they feel like they’re going in a hospital to gamble,” the Congresswoman opined.Las Vegas is lagging in terms of vaccination rates compared with the rest of the country. MGM stock could rise another 40 percent, says an analyst. With BetMGM taking off, the casino giant’s cash hoard increasing and Entain viewed as the most likely UK-based company to be acquired before the end of 2021, speculation should intensify into year-end.Other Catalysts for MGM StockAs noted above, MGM’s balance sheet is flush with cash, and that capital could be deployed in areas that could drive more upside for the shares.“MGM will receive over billion in net cash proceeds from its sale of MGM Springfield and Citydoubledown casino f Center real estate (following MGM’s acquisition of the 50% of City Center that is owned by Dubai World) and its divestiture of its residual ownership of its captive REIT – MGM Growth Partners,” said Bernstein’s Umansky.Last month, VICI Properties (NYSE:VICI) said it’s purchasing MGM Growth Properties (NYSE:MGP) for .2 billion in stock. what casinos are owned by mgm harrah s cherokee casino map |