After Spending $7 Billion, MGM Resorts Says It Has Enough Casinos
At some point, you really need to know when to say enough is enough. For casino operator MGM Resorts, eighteen is the magic number. That's how many casinos it owns and operates around the world, and it says it's had its fill of building them.
Well, so long as you don't count Japan. If that country finally passes the necessary integrated resort legislation to regulate casino gambling and MGM manages to win one of the two licenses expected to be issued, then it will build one more. Otherwise, MGM Resorts is removing itself from the construction business.
Source: Fool.com
MGM Resorts International Stock
MGM Resorts International is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
With a target price of 51 € there is a positive potential of 35.12% for MGM Resorts International compared to the current price of 37.75 €.