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draftkings casino legal statesLots of Executive TurnoverNews of the executive departures from four of MGM’s Sin City properties is the latest in what is turning out to be a busy year on that front for the gaming company.Excalibur is one of four MGM Strip venues where a president is reportedly being let go.“Importantly, while we appreciate the fact that pent-up casino patron demand and a sizable drive-in business should provide some level of resiliency once the NV government authorizes Strip casinos to open, we expect the recovery in the higher-yielding group/convention business to require considerable time to fully recover.“Even when we come out of this, there won’t be a date where everyone says, ‘Come out of your houses and you’re free to do whatever you want,'” said Matt Carey of Vixio Regulatory Intelligence, a DC-based firm that works with gaming companies and payment processes on regulatory developments.Although we fully expect the North American gaming industry to recover from COVID-19, we expect the Strip to lag regional/convenience markets on the path to recovery,” said Stifel analyst Steven Wieczynski in a note provided to Casino.Amid the latest round of executive shifts, there’s speculation that MGM’s corporate structure is changing and will eventually include a model where one president oversees multiple integrated resorts.downstream casino directions