3 Reasons to Buy MGM Resorts
May 31st 2013 5:08PM
Updated May 31st 2013 6:00PM
MGM Resorts isn't as Macau-centric as competitors Wynn Resorts and Las Vegas Sands , but there are reasons it can outperform these gaming stocks. Analyst Travis Hoium sat down to discuss the three biggest reasons to be bullish on MGM stock including the recent improvements we've seen in Las Vegas.
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 3 Reasons to Buy MGM Resorts 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.
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