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casino with slots near meTo that last point, Bally’s Corp. But the strategy is easy to comprehend for investors familiar with GLPI’s way of doing business.The real estate investment trust (REIT) owns a sprawling portfolio of gaming real estate across 15 states. MGM Resorts International (NYSE:MGM) reported fourth-quarter results after the close of US markets Wednesday and in a subsequent conference call with analysts. silver oak casino 100 no depositThe Bellagio Las Vegas, seen here. 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. The BetMGM unit and the operator’s plans for its equity in MGM Growth Properties (NYSE:MGP) took center stage. sycuan casino day pab

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royal ace casino promo“So we certainly need to balance our moves with that, which is right now an appealing return on that investment. 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 analystssoaring eagle casino standish evxs 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. MGM has has close to billion on the balance sheet.Hornbuckle said the intent is to reduce MGM’s position in the REIT over time, if not eliminate the posisoaring eagle casino standish evxstion entirely.“It certainly is our goal over time to reduce our ownership stake in MGP. harrah s cherokee casino gift cardThe Bellagio Las Vegas, seen here. “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. MGM reported a fourth-quarter loss, but Wall Street is focusing on other topics. holland casino online poker review

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9 casino streetI think it would, in some ways, simplify our story and our corporate structure,” added Halkyard on the call. To that last point, Bally’s Corp. The Bellagio Las Vegas, seen here. (NYSE:BALY) is a name to remember for several reasons.First, the Rhode Island-based company has a deeply acquisitive history. Under that scenario, MGM benefits by raising more cash while MGP gains more independence. To that last point, Bally’s Corp. online gambling games