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MGM Resorts International Message Board

  • serious1432 serious1432 Mar 3, 2013 11:31 AM Flag

    MGM is all about China Folks. Coati will be more profitable then Macau by far.

    MGM should be able to pay $1.5billion in dividends by the time Coati is fully up and running and for decades to come. Online gambing will not come close to that and Vegas already peaked. I think online is a little over rated because most gamblers will still want to go to a casino vs sitting home. (dish, direct tv, Comcast and a million other ways to stay home and watch a movie after decades yet people still go out to the movies and it's been decades with all these super low cost tv's and fancy systems yet.... The still want to go out.). Visitors will always fly to visit Vegas to have fun but they no longer gamble so revenue will never take off. So both Vegas and online will be solid resources for MGM but not in comparison to Macau and Coati.
    By the time Coati opens up 3 years this stock will be an easy triple from here.
    I think MGM trades at no value based on Vegas and very little value based on line gambling. It's $12/13 price is all based on its china assets. All the hate over online or Vegas doesn't even matter.

    Sentiment: Buy

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