NYSE:MGMHospitality
Assessing MGM Resorts (MGM) Valuation After Las Vegas Strip Gaming Revenue Declines And Balance Sheet Concerns
Recent data showing a second consecutive month of Las Vegas Strip gross gaming revenue declines is drawing attention to MGM Resorts International (MGM) because of its heavy Strip exposure, leveraged balance sheet, and distress-zone Altman Z-Score.
See our latest analysis for MGM Resorts International.
The recent Las Vegas Strip revenue softness and MGM's balance sheet risks come against a mixed price backdrop, with a 30 day share price return of an 8.08% decline contrasting with a 90 day gain...