Posts

Showing posts from April, 2020

MGM Resorts to reopen Bellagio, New York-New York, MGM Grand in Las Vegas - USA TODAY

Image
MGM Resorts to reopen Bellagio, New York-New York, MGM Grand in Las Vegas - USA TODAYMGM Resorts to reopen Bellagio, New York-New York, MGM Grand in Las Vegas - USA TODAYPlanning a visit to Las Vegas when hotels, casinos reopen June 4? Here are the rules you need to know - USA TODAYMGM Resorts Unveils Reopening Plan for Las Vegas Casinos, Hotels - Hollywood ReporterMGM Resorts to reopen Bellagio, New York-New York, MGM Grand in Las Vegas - USA TODAYPosted: 27 May 2020 01:52 PM PDTCLOSE Yes, dice will roll, cards will be dealt and slot machines will beckon. But poker rooms? Closed. Tourists returning to Las Vegas will see changes since gambling stopped in mid-March because of the coronavirus pandemic. (May 22) AP Entertainment LAS VEGAS – MGM Resorts will reopen four properties on June 4: Bellagio, New York-New York, MGM Grand and The Signature.In the wake of the unprecedented coronavirus pandemic shutdown, the long-awaited return of the resorts will come during phase two of Nevada's…

The Best Neighborhoods in Las Vegas to Spend a Weekend - Thrillist

Image
The Best Neighborhoods in Las Vegas to Spend a Weekend - ThrillistThe Best Neighborhoods in Las Vegas to Spend a Weekend - ThrillistPosted: 02 Feb 2020 12:00 AM PSTLas Vegas is one of the fastest growing destinations in the country right now with new neighborhoods popping up nearly as fast as lawyer commercials on TV. Its residential evolution is influencing what's possible for tourism, whether it's the dining scene or attractions that are shifting away from casino culture. Just look at the sudden emergence of Vegas as a sports town with the success of the Golden Knights and the pending arrival of the Raiders -- something that couldn't be possible with a city dominated by tourists alone. More people are also discovering the natural surroundings of Southern Nevada. Some have been around all along (hello Red Rock Canyon), some are disappearing slowly (goodbye Lake Mead). But Vegas has more opportunities than ever. It's not just about the Strip, Fremont Street, and long d…

MGM Resorts CEO Says Las Vegas Strip Reopening Will Start With Two or Three Casinos - The Wall Street Journal

Image
MGM Resorts CEO Says Las Vegas Strip Reopening Will Start With Two or Three Casinos - The Wall Street JournalMGM Resorts CEO Says Las Vegas Strip Reopening Will Start With Two or Three Casinos - The Wall Street JournalPosted: 30 Apr 2020 04:53 PM PDT Once the Las Vegas Strip is cleared to reopen, MGM Resorts International will open two or three of its casinos, including the flagship Bellagio, as part of a gradual relaunch, acting Chief Executive Bill Hornbuckle told Wall Street analysts.MGM Resorts, the biggest operator on the Strip with about a dozen properties, will have the Bellagio to compete with other high-end properties reopening at the same time, Mr. Hornbuckle said, and the New York-New York casino could be chosen as a lower-priced offering. Casinos will open... You are subscribed to email updates from "mgm las vegas address,mgm las vegas grand,mgm las vegas nevada" - Google News.
To stop receiving these emails, you may unsubscribe now.Email delivery powered by…

Itching to visit Las Vegas again? MGM Resorts says these Strip hotels will reopen first - USA TODAY

Image
Itching to visit Las Vegas again? MGM Resorts says these Strip hotels will reopen first - USA TODAYItching to visit Las Vegas again? MGM Resorts says these Strip hotels will reopen first - USA TODAYPosted: 30 Apr 2020 06:46 PM PDTCLOSE Slot machines are powered down, casinos boarded up and barricaded. Amid the coronavirus pandemic, instead of hosting throngs of visitors for one of the busiest seasons of the year, Las Vegas is trying to survive. (April 26) AP Domestic When will travelers be able to slide $20 bills into a slot machine, feast at a celebrity restaurant or see a show in Las Vegas again?MGM Resorts, operator of a dozen properties in the gambling and entertainment capital, can't answer that question because the decision rests in the hands of state and local officials weighing when to lift coronavirus restrictions.But on the company's quarterly earnings conference call Thursday, executives did provide the first glimpse of what visitors can expect from the chain when Las…

MGM Resorts Is Still Intrinsically Worth $29 Per Share Despite COVID-19 - Seeking Alpha

Image
MGM Resorts Is Still Intrinsically Worth $29 Per Share Despite COVID-19 - Seeking AlphaMGM Resorts Is Still Intrinsically Worth $29 Per Share Despite COVID-19 - Seeking AlphaPosted: 30 Apr 2020 12:42 PM PDTWe're infatuated with MGM Resorts (MGM) as the recent sell-off creates an opportunity to buy the best in class gaming operator for the first time in a decade. If you've ever traveled to Las Vegas to game, or perhaps attend a convention, there's a 50% likelihood that you've stayed at one of MGM's numerous resorts along the Vegas strip.We anticipate that the priced-in impact from COVID-19 seems exaggerated and the likelihood of insolvency is low. Not to mention, the deep value thesis we have on the company suggests that the stock is heavily undervalued relative to the replacement cost of the portfolio (using recent construction cost data), and the implied market value of the portfolio when based on recent lease-back and sale transactions.The company's cash burn…