The following was adapted from the MGM Growth Properties investment recommendation presentation shared with the team on June 15, 2017. As always, this was only an internal recommendation to be deliberated by the group, and does not constitute financial advice or an endorsement of the stock. See full legal disclaimer.
Why Bet on Black When You Can Buy the Whole Damn Casino?
“Each year gaming revenues in the U.S. yield more profits than the theatrical movie industry ($10.9 billion) and the recorded music industry ($7 billion) combined. Even the $22.5 billion combined revenue of the four major U.S. sports leagues is dwarfed by earnings from the commercial casinos industry.” – The Science Behind Casino Profits