After Spending $7 Billion, MGM Resorts Says It Has Enough Casinos
At some point, you really need to know when to say enough is enough. For casino operator MGM Resorts, eighteen is the magic number. That's how many casinos it owns and operates around the world, and it says it's had its fill of building them.
Well, so long as you don't count Japan. If that country finally passes the necessary integrated resort legislation to regulate casino gambling and MGM manages to win one of the two licenses expected to be issued, then it will build one more. Otherwise, MGM Resorts is removing itself from the construction business.
Image source: Getty Images.
Source: Fool.com
MGM Resorts International Stock
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As a result the target price of 51 € shows a positive potential of 32.35% compared to the current price of 38.54 € for MGM Resorts International.
