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New Neighbor Not a Welcome Sight for MGM and Caesars

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The latest development in Las Vegas will bring excitement to the city and a new neighbor to Las Vegas Sands (NYSE: LVS  ) and Wynn Resorts (NASDAQ: WYNN  ) on the north side of The Strip. But it also comes at a time when casinos are just starting to return to reasonable returns and, with growth in the single digits, the city doesn't need the new capacity. 

Alison Southwick sat down with analyst Travis Hoium to see who Genting Group's new resort will affect most. 

Is MGM finished?

The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.

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  • Report this Comment On March 12, 2013, at 10:45 PM, madfucker wrote:

    If these two Las Vegas Sands and Wynn Resorts casinos are upset over there comming naother casino to Los Vegas than they'll be constipated when most of the states and the federal govt begans online gambling legally as is happening now.

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Travis Hoium
TMFFlushDraw

Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things.

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