New Neighbor Not a Welcome Sight for MGM and Caesars

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?

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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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