{"id":28741,"date":"2020-11-04T11:05:07","date_gmt":"2020-11-04T19:05:07","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=28741"},"modified":"2020-11-18T07:57:18","modified_gmt":"2020-11-18T15:57:18","slug":"park-mgm-re-closes-gamings-2020-mandate","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/park-mgm-re-closes-gamings-2020-mandate\/","title":{"rendered":"Park MGM re-closes; Gaming’s 2020 mandate"},"content":{"rendered":"\n
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No, it’s got nothing to do with the smoking ban. Well, maybe. MGM Resorts International<\/strong>, as we mentioned yesterday, has decided it has too much hotel-room inventory going to waste on the Las Vegas Strip<\/strong>. As part of an austerity move, Park MGM<\/strong> is the first casualty, going dark (except for restaurants) from noon Mondays to noon Thursdays. Why Park MGM? It’s the only MGM Strip property to be operating in the red<\/a>, making it a natural and inviting target for cutbacks. \u201cWhile we do not currently expect the mid-week closures to remain in effect past December, we will continue evaluating business levels to determine how long Park MGM\u2019s mid-week hotel closures remain in effect,\u201d said marketing viceroy Anton Nikodemus<\/strong>. Interesting that MGM is, in effect, writing off New Year’s Eve, traditionally a booming period for business. But these are not traditional times in which we live.<\/p>\n\n\n\n

Now that gaming has run the table of every single referendum<\/em> in yesterday’s election, the question becomes: Who benefits? Well, consumers obviously. But what’s Wall Street<\/strong>‘s take? JP Morgan<\/strong> analyst Joseph Greff<\/strong> burnt some midnight oil and came to the following conclusions …<\/p>\n\n\n\n\n\n\n\n