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Las Vegas…You’re A Has-Been

I love Vegas and you love Vegas, but does Wall-Street love Vegas? Maybe they don’t love Las Vegas. In a year-end review of MGM Resorts International’s stock price, The Motley Fool said that MGM’s poor performance was, in part, due to Las Vegas being a has-been gaming market.

The first problem MGM faces is that it’s largely centered in Las Vegas, which has become the has-been of the gaming world. With rivals Las Vegas Sands (NYSE: LVS  ) and Wynn Resorts (Nasdaq: WYNN  ) increasingly focusing on the strong Asian gaming markets, MGM has to depend largely on the health of the Vegas Strip, where gaming wins have fallen steadily since their 2007 peak.

While the take-away that Las Vegas is a has-been seems strong, it’s fairly accurate. The world is changing and so is where people gamble. In the past we’d see Wynn fly their Asian high roller to Vegas, but it’s much more economical for them just to fly to Macau where the player will still get signature Wynn service at a brand new casino.

With 48 states making money from gambling and online gaming becoming legal in the future we will continue seeing casino companies diversify out of Las Vegas searching for new income streams. New York, Miami and Boston are among the major cities looking to expand their gaming in the next few years while Philadelphia already has a casino in the city while there are multiple options in the Philly suburbs.

This is not to say Vegas won’t always rule our gambling vacation lives, but it is to say that there are other places inside and outside of the country that will be getting the attention that we’ve come to expect.

I’ll have more thoughts on the future of comps, with this being the case sometime next year because there’s a lot to consider.

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Baseball Futures: World Series

Spring Training is here and it’s time for baseball!  This is one of my favorite times of the year.  Since I’m so stoked I think it’s time to look forward to the season with MLB futures odds.  We’ll look at the futures from sportsbook.com from division winners and then to win the world series.  As always, check sportsbook.com for exact odds as they change all the time.

I don’t like to make many futures bets, in part, because I don’t like to have my money tied up for almost an entire year.  That being said I decided to make one baseball futures play this year and that’s all.  I shared that with you yesterday with the NL Championship futures.

Besides the Brewers, my lone plays for the season is watching as many games as possible and playing in my one fantasy baseball.  I don’t think much about the options beyond the favorites (Phillies and Red Sox) for the World Series and betting chalk bores me so I stay away.  Click any team below to go to sportsbook.com for up to date odds.

World Series

Arizona Diamondbacks +10000
Atlanta Braves +2000
Baltimore Orioles +6000
Boston Red Sox +400
Chicago Cubs +3000
Chicago White Sox +2500
Cincinnati Reds +2500
Cleveland Indians +20000
Colorado Rockies +2500
Detroit Tigers    +2500
Florida Marlins +3500
Houston Astros     +10000
Kansas City Royals +20000
Los Angeles Angels +2500
Los Angeles Dodgers +3000
Milwaukee Brewers +3000
Minnesota Twins +2000
New York Mets +6000
New York Yankees +700
Oakland Athletics +5000
Philadelphia Phillies +200
Pittsburgh Pirates +20000
San Diego Padres +10000
San Francisco Giants +1500
Seattle Mariners +10000
St Louis Cardinals +1600
Tampa Bay Rays +2500
Texas Rangers +2000
Toronto Blue Jays +6000
Washington Nationals +10000

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Baseball Futures: American League

Spring Training is here and it’s time for baseball!  This is one of my favorite times of the year.  Since I’m so stoked I think it’s time to look forward to the season with MLB futures odds.  We’ll look at the futures from sportsbook.com by winning divisions and then to win the world series.  As always, check sportsbook.com for exact odds as they change all the time.

I don’t like to make many futures bets, in part, because I don’t like to have my money tied up for almost an entire year.  That being said I decided to make one baseball futures play this year and that’s all.

I didn’t see anything intriguing in the AL this year because I don’t see anyone challenging the Boston Red Sox for the league.  The only team I think may be a viable long shot are the Chicago White Sox since they should have be able to bomb and have a good short playoff rotation (if they make it), but they’ve gone from 15-1 in the winter to 10-1 this week.  About half the value was lost in that time.  That kept me away.

Click any team below to go to sportsbook.com for up to date odds.

Baltimore Orioles +2500
Boston Red Sox +175
Chicago White Sox +1000
Cleveland Indians +12500
Detroit Tigers +1000
Kansas City Royals +20000
Los Angeles Angels +1000
Minnesota Twins +800
New York Yankees +275
Oakland Athletics +2000
Seattle Mariners +4000
Tampa Bay Rays +1000
Texas Rangers +800
Toronto Blue Jays +2500

Copyright © 2017 Marc Meltzer & EDGe Vegas