Why MGM Resorts Is Upgrading Monte Carlo
The Las Vegas Strip is getting another face-lift now that MGM Resorts (NYSE: MGM) is spending $450 million to turn the Monte Carlo into Park MGM. It's a needed upgrade for an aging property and one of MGM's weakest performers, and key to attracting more high-end customers to the south side of the Strip.
MGM Resorts should be able to generate millions in additional revenue, as well as more spending at restaurants, bars, and shops around the resort.
Image source: MGM Resorts.
Source: Fool.com
MGM Resorts International Stock
€33.73
-0.180%
With 17 Buy predictions and not the single Sell prediction the community is currently very high on MGM Resorts International.
As a result the target price of 50 € shows a positive potential of 48.26% compared to the current price of 33.73 € for MGM Resorts International.
