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
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It was by no means quiet in Mandalay Bay the night of Dec. 1, a Friday. But at certain points that evening, the crowds and energy levels seemed higher in two other MGM Resorts International-owned casinos.
Around dusk on a late November weekday, hundreds of men and women walked through the Mandalay Bay, past empty restaurants just off the casino floor and toward the huge convention center.
The SLS Las Vegas hasn’t turned a profit since opening in 2014 and is on the ‘’verge of bankruptcy,’’ according to a lawsuit filed in Los Angeles County by 60 Chinese nationals who lent money to the project in exchange for American citizenship.
