MGM Resorts International Benefits
From Re-Opening
!


Major Casino Resorts Met With Strong Initial Demand!
Stock Options Made Easy “Cut-to-the-Chase” Members Are Up 195%

by Ian Harvey
June 09, 2020

Share

MGM Resorts International sits well positioned to benefit from the reopenings, given it generates about half of its revenue from its Las Vegas properties.

And, Stock Options Made Easy “Cut-to-the-Chase” Members are also well-positioned to benefit; and are already up 195% potential profit based on a CALL OPTIONS trade.


MGM Resorts International (NYSE:MGM)

Nearly three months after the lights went out on the Las Vegas strip due to the coronavirus pandemic shutdown, many of the entertainment district's casino resorts finally reopened their doors on June 4, albeit under enhanced hygiene standards and strict social distancing protocols. Not surprisingly, MGM Resorts International, which owns and operates casinos, hotels, and entertainment resorts in the United States and Macau with popular strip destinations such as MGM Grand, Mandalay Bay, and New York-New York sits well positioned to benefit from the re-openings, given it generates about half of its revenue from its Las Vegas properties.

To maintain sufficient liquidity as the economy recovers from the pandemic, the firm has slashed its dividend yield to just 0.05% and reined in non-essential spending. As of June 5, 2020, MGM stock has a market capitalization of $10.71 billion and is trading nearly 50% higher over the past month, despite being down 34.27% on the year.

YOU NEED TO BE IN TO PROFIT!

“Cut-to-the-Chase” Members executed a call options trade on MGM Resorts International on Wednesday, June 03, 2020, at a cost of $1.90; and the sell value of the option hit $5.60 within a couple of days – a potential profit of 195%.

The recommended “Earnings Predictions” options trade - ** Buy MGM AUG 21 2020 20.000 CALLS at approximately $1.90.

The Recommended Trade…..

MGM Resorts International (NYSE:MGM), one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage), will finally reopen after 2 months for the first time as part of the city’s “Phase 2” plan to safely return to normal.

On June 4, MGM Resorts International MGM plans to reopen the Bellagio, MGM Grand and New York-New York casinos, which represent a combined 39% of the company’s total Las Vegas rooms.

Nevada Governor Steve Sisolak has established June 4 as the proposed reopening date for the state’s casino industry.

In the realm of resorts and casinos, the Nevada market is all-important. The state’s governor’s plan, therefore, is enormously impactful for MGM shareholders. This summer, the swing from extreme pessimism to sudden optimism could be swift and substantial.

The state has moved to Phase 2 of its reopening plan, which allows gatherings of up to 50 people as long as there is social distancing.The strip will be back in action, with changes to try keep Covid-19 from spreading like new cleaning protocols and daily temperature checks for employees—and in some cases, guests too. Many of the city’s famous buffets will remain closed.

The pent-up demand for entertainment amid the lockdowns must be tremendous by now. If a modified version of the hotel-and-casino experience is all that’s available, so be it. Folks will still, in all likelihood, be eager to gamble away their hard-earned money even with modified post-pandemic conditions.

“Initial customer demand to visit the Las Vegas Strip has been much stronger than anticipated,” Caesars CEO Tony Rodio said in a statement.

.....read more.....

CONTACT US AND GET A SPECIAL PRICE ON OUR MEMBERSHIPS!

Details……

America’s gambling mecca began reopening on June 4, just over a week after Nevada Governor Steve Sisolak first announced the news.

With over two months of unprecedented shutdowns due to coronavirus, casino operators had a rough start to 2020 for stocks like MGM Resorts.

Despite the hit to business from the global pandemic, casino stocks are rebounding on hopes of a faster than expected economic recovery.

MGM Resorts International opened up three of their 10 Strip properties: The Bellagio, MGM Grand, and New York-New York. It’s also opened up its MGM Signature hotel.

The company chose those two specific properties because it offers flexibility in different traveler’s budgets.

Stocks of all the major U.S. casino operators jumped on Thursday: MGM was up 7%.

In the last week alone, MGM is up 33%.

Analysts’ Response.....

Bank of America analyst Shaun Kelley said initial demand was so strong that several operators are now opening additional properties ahead of schedule.

“At 12:01AM on June 4th, Las Vegas casinos officially reopened. From local reports and our channel checks, the demand was strong with long lines and packed flights, similar to most regional gaming markets,” Kelley wrote in a note.

Bank of America has given MGM Resorts an Underperform rating with a $15 target.

Moving Forward.....

The goal for MGM is to have the area of Las Vegas Boulevard and Tropicana Avenue covered on the Strip with its reopened properties.

The company says it’ll take a breather after reopening Excalibur, then plan to reopen Aria in City Center in time for the 4th of July weekend.

Excalibur’s entertainment sector, including popular Vegas shows like Thunder From Down Under and Australian Bee Gees, plan to return July 1st with tickets now on sale for that date.

Excalibur and Aria will reopen under the same model as Bellagio and New York-New York: Reduced capacity, select dining and bar options, and under stringent safety protocols.

“But again, it’s one step at a time,” Bill Hornbuckle, acting CEO of MGM Resorts explained. “We’re going to be patient; it is about doing this correctly and doing it safely first and foremost.”

The reopening of its three casinos also meant the reopening of many big-name restaurants and bars for MGM Resorts.

MEANWHILE, CHECK OUT OUR SPECIALS

So…..

Demand was so strong that MGM Resorts International has bumped up its planned opening of Excalibur for next week.

Hornbuckle explained that the pent-up demand for guests to get back into play has been high, and he estimates that the next few weekends of June will see a good amount of volume because of that fact.

Are You Ready To Get On-board With An MGM Resorts International Options Trade?

Will MGM Resorts International Shares Continue To Rise?

What Other Trades Are We Anticipating?

Do You Wish To Be Part Of This Action?

Join us here at Stock Options Made Easy, and find out our trades moving forward.


AS ALWAYS THE DECISION IS YOURS!


An Important Note: That any suggestions for options trade considerations require investors/traders to use their own discretion as to when to enter or exit! As well, it is advisable to do further research and due diligence before executing your trade.

It is sometimes best to exit a trade, if there is already sufficient profit accrued, before an earnings report is presented. GREED can be the undoing of a nice profit!


Best of Trading,
Ian Harvey
Director of Stock Options Made Easy


Share



”Success is simple. Do what's right, the right way, at the right time.”


Option Tip for your Success!
Options traders are not successful because they win.
Options traders win because they are successful.



Back to Stock Options Made Easy Home Page from MGM Resorts International Benefits From Re-Opening!