MGM Resorts Wants to Double Down on East Coast Gaming Market
MGM Resorts (NYSE: MGM) is betting big on East Coast gaming with a recent buyout of the half of Borgata it didn't own in Atlantic City, a resort near Washington D.C., and another under construction in Springfield, Massachusetts. And after seeing success in Atlantic City and Washington D.C. the company wants more exposure to the market.
On Tuesday, the company released a proposal for a $675 million resort in Bridgeport, Connecticut, not far east of New York City. The resort doesn't yet have approval from the state, but management is pushing hard to push the project forward. If they're successful, this could be another huge hit for the company on the East Coast.
Image source: MGM Resorts.
Source: Fool.com
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