New Neighbor Not a Welcome Sight for MGM and Caesars
The latest development in Las Vegas will bring excitement to the city and a new neighbor to Las Vegas Sands and Wynn Resorts on the north side of The Strip. But it also comes at a time when casinos are just starting to return to reasonable returns and, with growth in the single digits, the city doesn't need the new capacity.
Alison Southwick sat down with analyst Travis Hoium to see who Genting Group's new resort will affect most.
Is MGM finished?
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The article New Neighbor Not a Welcome Sight for MGM and Caesars originally appeared on Fool.com.Fool contributor Travis Hoium manages an account that owns shares of Wynn Resorts Limited. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.