Shares of MGM Resorts International plunged as much as 10 percent Thursday morning after the company cut its earning guidance for 2018 due to weakness at two Strip properties.
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.
Visitation fell 4.2 percent to 3.6 million tourists in October, the Las Vegas Convention and Visitors Authority reported Thursday, the second steepest year-over-year drop of 2017.
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.
MGM Resorts International will continue to use a modified advertising campaign with a #VegasStrong hashtag despite social media criticism that it is exploiting the Oct. 1 shootings.
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.
An air of confidence appeared to prevail on Friday among airline passengers headed to Las Vegas this weekend, all showing respect but undeterred by the violence during the Route 91 Harvest Festival on Oct. 1.
Security for trade shows of all sizes is up for review following the Las Vegas Strip shooting.
Here is the timeline of events for the LVCVA following the Oct. 1 Las Vegas shooting.