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ellis island hotel and casino in las vegasSecond, it has no Las Vegas footprint. (Image: MyHouseDeals.com)Discounted Price Tag ExplainedIt’s reasonable to ponder why the Tropicana isn’t being spruced up prior to the sale to fetch a higher price. But last year executives from the company said there was plenty of interest, though much of that boiled down to tire-kicking, not actual dealmaking.With rumors swirling that Caesars Entertainment (NASDAQ:CZR) could soon put Planet Hollywood on the block, there could be competition among sellers looking to unload Strip assets. how many seminole casinos are thereBut its preference is for regional casinos, not destination markets such as Las Vegas. To that last point, Bally’s Corp. “So we certainly need to balance our moves with that, which is right now an appealing return on that investment. fanduel casino venmo

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turtle lake casino deals“Las Vegas margins could outperform, given permanent cost-cutting initiatives.”Beynon reiterates an “outperform” rating on MGM stock while boosting his price target to from , implying upside of 20 percent from current levels.Plans for MGP InvestmentCEO Bill Hornbuckle and new CFO Jonathan Halkyard also discussed the gaming company’s plans for its remaining interest in real estate investment trust (REIT) MGM Growth Properties (NYSE:MGP).MGP is the operator’s primary landlord, and even with two 0 million sales of the real estate company’s equity last year, MGM still owns 53 percent.It’s a nice chip to have, particularly with the REIT yielding 5.93 percent and delivering hundreds of millions of dollars in dividends to the casino company. Those results sparked retrenchment in MGM stock, with the shares lower by 3.69 percent in late trading.While that’s a glum response following the report, some analystsmohegan sun casino table minimums gpzq see reasons for optimism with MGM, particularly for investors that wait out what are expected to be lengthy recovery periods in Las Vegas and Macau.Management provided additional nuggets around the Las Vegas recovery, highlighting that conventions/events appear to be relatively solid in the medium-term,” said Macquarie analyst Chad Beynon in a note to clients today. To that last point, Bally’s Corp. free slots jackpot block party(Image: MyHouseDeals.com)Discounted Price Tag ExplainedIt’s reasonable to ponder why the Tropicana isn’t being spruced up prior to the sale to fetch a higher price. Finally, it has a relationship with GLPI, as it leases Dover Downs Hotel and Casino in Delaware and Tropicana Evansville in Indiana from the REIT.Tropicana Las Vegas could be worth more than its asking price. blackjack casino gta online

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luckyland casino customer service numberIt’s the largest in the US.Expect Plenty of SuitorsGLPI hasn’t identified potential buyers for Tropicana. But reducing its Sin City footprint makes sense as well because, at its core, the company is a regional gaming firm. In fact, Tropicana isn’t listed on GLPI’s property roster on its web site.Assuming Tropicana Las Vegas sells, the REIT’s Nevada exposure will consist of M Resort, Spa & Casino in Henderson, Tropicana in Laughlin, and Cactus Pete’s Casino Resort in Jackpot.Penn, GLPI’s largest tenant, operates M Resort and Cactus Pete’s. (Image: MyHouseDeals.com)Discounted Price Tag ExplainedIt’s reasonable to ponder why the Tropicana isn’t being spruced up prior to the sale to fetch a higher price. The coronavirus pandemic depressed gaming real estate prices, meaning it’s a buyer’s market.The Strip casino real estate rumor mill usually kicks up private equity companies, tribal gaming entities, and operators currently lacking exposure to the US gaming mecca. Those results sparked retrenchment in MGM stock, with the shares lower by 3.69 percent in late trading.While that’s a glum response following the report, some analystsmohegan sun casino table minimums gpzq see reasons for optimism with MGM, particularly for investors that wait out what are expected to be lengthy recovery periods in Las Vegas and Macau.Management provided additional nuggets around the Las Vegas recovery, highlighting that conventions/events appear to be relatively solid in the medium-term,” said Macquarie analyst Chad Beynon in a note to clients today. draftkings firekeepers casino 400