jamul casino covidWhen the casino operator reported second-quarter results earlier, it said BetMGM is the second-largest online sportsbook and iGaming platform in the US.But it took just a year for the stock to race to 2, as investors flocked to the name as a play on the online sports betting boom.His firm added to its stake in MGM.aliante casino hostsIn July, MGM surprised Wall Street by paying .That’s seen the casino operator shed much of its real estate holdings to raise cash that can be allocated to faster-growing businesses.2 percent of the gaming csala slot e casinoompany’s shares outstanding, according to GuruFocus data.roulette casino 666

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river spirit casino gymJust seven S&P 500 members are in the red since the coronavirus market bottom, and one is a gaming equity: Las Vegas Sands (NYSE:LVS).Keith Meister’s Corvex Management upped its position in MGM Resorts International (NYSE:MGM) during the second quarter.That strategy is paying off handsomely, with recent transactions confirming as much.Coronavirus Market EffectsHistorically, the S&P 500 has needed about 1,000 trading days to double from a bear market bottom.In an interview with CNBC earlier this year, the investor said he’s “massively bullish on the potential opportunity for BetMGM,” while noting it’s “a misvalued asset” inside the gaming company.Though it wasn’t attempting to execute a merger, Penn found itself in a similar position, as market participants punished non-investment grade companies with large debt burdens across all sectors.free online slots no sign up