Monte Carlo — a fully owned subsidiary of MGM Resorts International (MGM) — is set to introduce the famous Japanese restaurant – Yusho – in its Las Vegas resort. The restaurant is scheduled to open in about a month’s time and will mark the brand’s entry in the city of Las Vegas.
Owned by Matthias Merges, Yusho is a Japanese-inspired grill and noodle restaurant offering contemporary street-style food. The 250-seat eatery is designed as a vintage industrial space and Japanese ramen shacks decorated with modern furniture. In our view, the contemporary décor combined with an upscale location will be a major crowd-puller for Yusho.
The menu at Yusho will be inspired by the traditional Japanese cuisine – fresh seafood, poultry, meats and vegetables, along with house-made pickled vegetables, noodles and steamed buns.
Yusho will be part of a renovated Monte Carlo resort under which the outdoor plaza on Las Vegas Boulevard is being remodeled. Apart from Yusho, the new plaza will feature a variety of sporty restaurants, bars and eateries, scheduled to be opened in the next two months.
The city of Las Vegas is renowned for gambling, shopping, fine dining and nightlife. Monte Carlo is located on the gambling and entertainment hub of the city – the Las Vegas Strip. With the Las Vegas economy finally recovering from the recession and tourists flocking to the city, Monte Carlo is seeking to capitalize on the surge in demand for dining.
Currently, MGM Resorts boasts a Zacks Rank #2 (Buy). Other stocks in the same sector that are worth considering include Wynn Resorts Ltd. (WYNN), Zynga, Inc. (ZNGA) and Las Vegas Sands Corp. (LVS). While Wynn Resorts and Zynga sport a Zacks Rank #1 (Strong Buy), Las Vegas Sands carries the same Zack Rank as MGM Resorts.
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