ReutersThe success of MGM Resorts over the last five years can be traced back to one place: The Las Vegas Strip.
MGM generates a vast majority of its revenue from the Las Vegas Strip, which has been on a long, slow recovery since the recession ended.
That’s why it’s curious, to say the least, that MGM is investing billions to expand in regional markets on the East Coast that have struggled for most of the past decade.
MGM has completed National Harbor near Washington, DC, is building MGM Springfield in Massachusetts, and bought the half of Borgata in Atlantic City that it didn’t own from Boyd Gaming. Why spend so much when the opportunity is really in Las Vegas?
The dream of a gaming empire
One of the reas…
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