MGM and Caesars Heading in Opposite Directions
Caesars Entertainment is the hottest stock in gaming, but its closest competitor, MGMResorts , is actually the better-performing company. In the following video, Erin Miller sat down with gaming analyst Travis Hoium to see what's driving both Caesars and MGM this year.
When MGM Resorts began constructing the CityCenter in Las Vegas, it was an audacious plan that seemed like a sure bet with its prime location in the center of The Strip. But Las Vegas hit a rough patch during the Great Recession and has yet to fully recover, so MGM has since turned its attention to a new market in Macau. This Chinese gaming enclave now holds the key to the company's future, and a new resort on Cotai may relieve the company from crushing debt. For expert analysis on whether this former high-flying stock can regain its form on the back of a growing presence in Asia, you're invited to check out The Motley Fool's new premium report on MGM Resorts. Simply click here now to claim your copy today.
The article MGM and Caesars Heading in Opposite Directions originally appeared on Fool.com.Erin Miller, Fool contributor Travis Hoium, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.
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