downstream casino campingWhile MGP currently lacks tenant diversity, Baird said the name offers upside possibilities by way of potential equity index inclusion and acquisitions.However, land-based gamblers who prefer to use cashless payments said that this was due to security, the speed and ease of making payments, having a record of transactions, and limiting contact in a post-COVID world,” the UKGC report stated.This structure is common in commercial real estate, and the tenant, say MGM Resorts International (NYSE:MGM), pays for all the property maintenance as if it owned it outright.harrah s cherokee casino arcadeIn the case of MGP, that real estate company is levered to recovery on the Las Vegas Strip, because it owns the bulk of MGM’s real estate there.A study released late last week by the UK Gambling Commission shows that British bettors are wary of cashless gaming technologies.(Image: Viejas Casino and Resort)The survey found that 79 percent of bettors believe using cash allows them to “feel in control” of how much they risk.choctaw casino new hotel

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mgm casino michiganOver the past year, shares of the two gaming REITs are up an average of 46 percent.76 percent returned by the MSCI US Investable Market Real Estate 25/50 Index, a widely followed basket of real estate equities.It noted that three years ago debit cards for the first time overtook cash as the primary payment source in Great Britain.paragon casino marksville phone number“Preference for cashless skews to younger gamblers, moderate-risk gamblers, and problem gamblers.The concern for now, though, is that most bettors surveyed did not care for gaming companies to have that level of access.Those fears proved inaccurate, as gaming companies were able raise cash, and the real estate companies collected nearly all rent, even during the darkest days of the health crisis.peppermill casino reno

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pechanga casino weddingOther Reasons to Like MGP, VICIBaird favors gaming REITs among net lease names because there’s less competition anviejas casino bus schedule spring valleyd the product isn’t commoditized.The research firm also likes the duo as plays on rising inflation.Cashless App May Have Some Benefit, UKGC SaysWhile the Gambling Commission’s study points out the potential pitfalls with cashless gaming, it also points out that the technology comes with potential benefits as well.At the height of the coronavirus pandemic when domestic gaming venues were shuttered, these stocks came under significant duress amid concerns that operator tenants would struggle to meet lease obligations in a zero-revenue environment.Today, the likes of MGP and VICI are thriving.That move is broadly applauded by analysts, as it will help the real estate firm gain greater autonomy.slot 7 casino review