While analysts who cover MGM Resorts International are reluctant to talk about the company’s financial prospects two months after the 1 October massacre, they’re collectively saying MGM stock would be a good addition to a portfolio.
Casinos & Gaming
For the latest Las Vegas casino and gaming industry news and headlines visit reviewjournal.com.
The operator of the hotel closest to the Route 91 Harvest Festival grounds not operated by MGM Resorts International said the Tropicana Las Vegas experienced a 35 percent cancellation rate on bookings in the days immediately following the Oct. 1 mass shooting.
Caesars Entertainment’s top executive said his company is seeing a slight downturn in casino play from Asian guests as a result of the Route 91 Harvest Festival shooting.
A return to normalcy for Las Vegas tourism may still be weeks away, but there should be no long-term effects on tourism to Southern Nevada because of the Oct. 1 shootings.
The Las Vegas Convention and Visitors Authority began planning its revised marketing message to the world — a message of concern for victims and first-responders — a minute after the shooting from the 32nd floor of the Mandalay Bay resort stopped on Oct. 1.