2024.07.20
mgm grand casino alexandria vaThat means the price the REIT could fetch for Tropicana today would likely It’s still for sale, but owner GLP isn’t in a rush to sell. (Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. seneca niagara casino slot machinesBut 2020 is anything but normal, and with a COVID-19 vaccine still months away, the gaming company remains vulnerable to sluggish business traffic and tourists’ reluctance to fly to destination markets.“With no signs that the group/convention business will be recovering anytime soon, we would prefer to stay on the sidelines,” said Stifel analyst Steven Wieczynski in a note oubovada online casino iphonet late Thursday.He rates MGM stock “hold,” with a price target, implying modest upside from the Oct. That means the price the REIT could fetch for Tropicana today would likely (Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. harrah s casino louisiana r online gamblingfirekeepers casino new tower“We think we own enough of Las Vegas to be open about it. That’s up from a second-quarter EBITDA loss of 4 million on sales of 1 million.The Strip, where it’s the largest operator, accounts for approximately half of MGM’s EBITDA.All About VegasIn a normal operating environment, MGM’s deep Strip exposure is a plus. 30, excluding stakes in MGM China and MGM Growth Properties.Not Focusing on M&AWhile consolidation is brisk in the gaming industry these days and Strip venues are up for sale, presumably at lower prices than were available pre-pandemic, Hornbuckle said acquisitions aren’t a priority for the company today.“And look, we’ll be opportunistic. encore casino appThere’s ample interest among potential buyers for the Tropicana Las Vegas. There’s ample interest among potential buyers for the Tropicana Las Vegas. 30, excluding stakes in MGM China and MGM Growth Properties.Not Focusing on M&AWhile consolidation is brisk in the gaming industry these days and Strip venues are up for sale, presumably at lower prices than were available pre-pandemic, Hornbuckle said acquisitions aren’t a priority for the company today.“And look, we’ll be opportunistic. free slot machines online no registration is gta online blackjack rigged3 casinos in detroitAdjusted property earnings before interest, taxes, depreciation and amortization (EBITDA) of -.8 million beats the consensus estimate of - million.We saw sequential improvements in all of our markets in the third quarter, and our regional properties have led the pace of recovery with several properties generating record operating performance,” said CEO Bill Hornbuckle on a conference call with analysts and investors.Still grappling with the effects of the coronavirus pandemic, the Mirage operator posted third-quarter EBITDA of million in its home market on revenue of 1 million. “We think we own enough of Las Vegas to be open about it. It’s still for sale, but owner GLP isn’t in a rush to sell. Analysts expected a per share loss of .06 on turnover of .30 billion. There’s ample interest among potential buyers for the Tropicana Las Vegas. That’s up from a second-quarter EBITDA loss of 4 million on sales of 1 million.The Strip, where it’s the largest operator, accounts for approximately half of MGM’s EBITDA.All About VegasIn a normal operating environment, MGM’s deep Strip exposure is a plus. seminole casino winners online casino 5 dollar minimum deposit usa |