riversweeps 777 online casino loginCEO Jim Murren is leaving MGM, but one analyst believes the stock needs more catalysts. The gaming industry was caught by surprise on Wednesday when MGM Resorts International announced that draftkings casino rocket gameChairman and CEO Jim Murren has decided to step down from his position. At least one analyst covering MGM sees change at the helm as potentially luring somdraftkings casino rocket gamee investors back to the stock, but acknowledges the news could be a near-term hurdle, too.The unexpected announcement of long-time CEO Jim Murren’s departure,has the potential to overhang the story in the near-term,” said Stifel analyst Steven Wieczynski in a note provided to Casino.org.For the last three months of 2019, MGM said it earned eight cents a share on revenue of .185 billion, well below Wall Street estimates of 24 cents on turnover of .208 billion.Headwinds GaloreAs is the case with rivals such as Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN), MGM is being hampered by the closure of casinos in Macau because of the new coronavirus from China (COVID-19). thunder valley casino giftAt least one analyst covering MGM sees change at the helm as potentially luring somdraftkings casino rocket gamee investors back to the stock, but acknowledges the news could be a near-term hurdle, too.The unexpected announcement of long-time CEO Jim Murren’s departure,has the potential to overhang the story in the near-term,” said Stifel analyst Steven Wieczynski in a note provided to Casino.org.For the last three months of 2019, MGM said it earned eight cents a share on revenue of .185 billion, well below Wall Street estimates of 24 cents on turnover of .208 billion.Headwinds GaloreAs is the case with rivals such as Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN), MGM is being hampered by the closure of casinos in Macau because of the new coronavirus from China (COVID-19). CEO Jim Murren is leaving MGM, but one analyst believes the stock needs more catalysts. But President Bill Hornbuckle acknowledged on Wednesday’s conference call that it could be 2025 before that’s a profitable business for the company.In his note, Wieczynski scoffed, saying “don’t talk to us about sports betting.” And if it’s a gaming company that’s returning capital to shareholders investors are looking for, the analyst sees better ideas out there.“Although management has stuck to its word by accelerating direct returns of capital to shareholders, we believe there are cleaner, more lucrative return-of-capital plays in the destination operator space today, notably LVS,” he said.wild horse pab casino happy hour

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mgm casino upstate new yorkShares of MGM Resorts International (NYSE:MGM) are lower by about five percent in midday trading Thursday. (Image: University of Pennsylvania)No timetable was given in the company’s release, which dropped just hours before the company’s fourth quarter and 2019 earnings call. Shares of MGM Resorts International (NYSE:MGM) are lower by about five percent in midday trading Thursday. online casino real money europeMurren, 58, also played a pivotal role in bringing the first professional sports franchise to the city – the Vegas Golden Knights.He pledged to stay on until a successor is found. He joined the company in 1998, rising to the top spot in 2008 while orchestrating MGM’s ascent as the largest operator on the Las Vegas Strip. (Image: Yahoo Finance)News of Murren’s departure stunned analysts and the gaming industry alike. come si gioca a blackjack online

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jak grać w casino onlineCEO Jim Murren is leaving MGM, but one analyst believes the stock needs more catalysts. and its Mississippi properties, MGM’s regional portfolio disappointed in the fourth quarter. But analysts and investors were surprised by the announcement because Murren’s current contract ends on Dec. But President Bill Hornbuckle acknowledged on Wednesday’s conference call that it could be 2025 before that’s a profitable business for the company.In his note, Wieczynski scoffed, saying “don’t talk to us about sports betting.” And if it’s a gaming company that’s returning capital to shareholders investors are looking for, the analyst sees better ideas out there.“Although management has stuck to its word by accelerating direct returns of capital to shareholders, we believe there are cleaner, more lucrative return-of-capital plays in the destination operator space today, notably LVS,” he said.(Image: Yahoo Finance)News of Murren’s departure stunned analysts and the gaming industry alike. CEO Jim Murren is leaving MGM, but one analyst believes the stock needs more catalysts. usa no deposit online casino