peppermill casino hot august nightsIn a note to clients today, Stifel analyst Steven Wieczynsk said that “the company’s fortunes are directly tied to demand trends and sentiment along the Las Vegas Strip.Firshollywood casino 99 hops houset, business travel, which is vital for propping up weekday occupancy rates on the Strip, has ground to a halt because of the coronavirus pandemic.We may have gone to the golden goose on the jackpot games,” Medenica stated.boomtown casino crab legs(Image: Las Vegas Review-Journal)On a Thursday conference call with analysts and investors, MGM executives discussed strength in regional markets.It’s really a remarkable recovery.We used to talk about jackpot fatigue.bovada casino online

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little river casino check out timeWe may have gone to the golden goose on the jackpot games,” Medenica stated.“We believe there are cleaner ways to invest in themes across the broader gaming realm that do not require an investor to absorb the same level of risk related to the Strip’s recovery trajectory,” said Wieczynski.And by June, we’re up 20 percent.seminole casino immokalee events“As strange as it was, the lottery started picking up, and certainly by May, we were doing extremely well.”Since early June, the bulk of MGM’s Strip properties came back online, with the Mirage and Park MGM being the exceptions.I think now the phrase might be jackpot exhaustion.red stag casino no deposit

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black bear casino 98 degreesFirshollywood casino 99 hops houset, business travel, which is vital for propping up weekday occupancy rates on the Strip, has ground to a halt because of the coronavirus pandemic.“As strange as it was, the lottery started picking up, and certainly by May, we were doing extremely well.Sales have been up more than 20 percent since mid-June, something Medenica credits to the lack of other available entertainment.Positive CatalystsMGM is not a lost cause, however, notes the Stifel analyst.27, while refuting speculation the Mirage is for sale.“Additionally, as with most of its domestic gaming peers, MGM continues to identify ways to remove costs from the business to enhance margins, even as the top-line remains impaired.valley forge casino online