Forget Wynn, MGM Resorts Is a Better Value Stock

Share prices of casino stocks have plummeted since the start of 2020 due to the COVID-19 pandemic. Though stocks in many other impacted sectors have recovered from March lows, share prices in the gambling industry remain down by as much as 50% year to date. This puts them in value stock territory, assuming the businesses in question fully recover.

While both Wynn Resorts (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM) will both gain from a rejuvenated casino business, one is well ahead in terms of benefiting from the growing online sports betting and gambling markets.

nighttime view of Park MGM in Las Vegas

Image source: MGM Resorts.

Counting on Macau

Wynn has a much more concentrated hotel and casino portfolio than MGM. In 2019, Wynn received 70% of its total net revenue from its two Macau properties in China. Most of the balance came from Las Vegas, as the company’s Encore Boston Harbor property only opened in

Read More

What Sun Valley, Brundage and other Idaho ski resorts are doing for coronavirus protocols

Idaho skiers and snowboarders can still safely enjoy winter recreation during the coronavirus pandemic.

BOISE, Idaho — Winter is right around the corner, and for many Treasure Valley residents, winter means digging the skis and snowboards out of storage and hitting the slopes.

This season, however, ski resorts may have new precautionary measures and guidelines for visitors to follow as COVID-19 remains present in Idaho.

Each ski resort’s precautionary measures will look different. Being informed on what is expected of guests while visiting is the best way to ensure you can still enjoy a beloved Treasure Valley winter activity.

Here’s what we know about each ski resort in the Treasure Valley.

Bogus Basin- Boise, Idaho

The winter season at Bogus Basin is set to begin on November 27, 2020, but could begin earlier if snow conditions allow for it. Tickets went on sale on Oct. 7 but guests are

Read More

Minor International and Themed Attractions Resorts & Hotels exude luxury with its beachfront abodes and lush oasis outdoors

One of Malaysia’s most ambitious resort launches in recent years finally welcomed its first residents earlier this year in what is arguably the country’s fastest evolving tourist destination.

The result of a joint venture between Minor International and local firm Themed Attractions Resorts & Hotels Sdn. Bhd (a subsidiary of Khazanah Nasional Bhd,), Anantara Desaru Coast Residences is the first Malaysia-based investment by the Thai hospitality giant and is another major step towards placing Desaru Coast firmly on the radar of both global tourists and affluent homeowners. The JV’s landmark project, which is already generating a considerable buzz in the Johor Bahru region, now looks set to reach a much greater audience with its recent success at the PropertyGuru Asia Property Awards (Malaysia) in September. 

The exclusive 20-unit residential project, which is operated as part of the wider 123-key Anantara Desaru Resort & Villas was awarded two of the

Read More

Trump turned his hotels, resorts into ‘Beltway’s new back rooms’: New York Times

The New York Times has released a report, the fourth in its series, based on President Donald Trump’s federal tax returns, illustrating how the paper says the president turned “his own hotels and resorts into the Beltway’s new back rooms, where public and private business mix and special interests reign.”



Donald Trump wearing a suit and tie: President Donald Trump walks to the White House residence after exiting Marine One on the South Lawn on June 25, 2020, in Washington.


© Drew Angerer/Getty Images, FILE
President Donald Trump walks to the White House residence after exiting Marine One on the South Lawn on June 25, 2020, in Washington.

Trump attended 34 political fundraisers at his hotels and resorts that brought in $3 million in revenue, the Times reported.

“Sometimes he lined up his donors to ask what they needed from the government,” the Times said.

Brian Ballard, a Florida lobbyist and confidant of the president, joined Trump’s Mar-a-Lago resort in Florida midway through Trump’s presidency, the paper reported. Associates later said he did this because the president wanted him to

Read More

Trump turned his hotels, resorts into ‘Beltway’s new back rooms,’ New York Times reports

Trump attended 34 political fundraisers at his hotels and resorts that brought in $3 million in revenue, the Times reported.

“Sometimes he lined up his donors to ask what they needed from the government,” the Times said.

Brian Ballard, a Florida lobbyist and confidant of the president, joined Trump’s Mar-a-Lago resort in Florida midway through Trump’s presidency, the paper reported. Associates later said he did this because the president wanted him to “ante up,” the Times said.

Ballard dismissed any accusations questioning his membership at Mar-a-Lago, the Times reported, and called the idea, in part, “ridiculous.”

PHOTO: President Donald Trump walks to the White House residence after exiting Marine One on the South Lawn on June 25, 2020, in Washington.

President Donald Trump walks

Read More

Where to Travel Locally This Fall, From Tiny Cabins to Remote Western Resorts

Want to really, really get away from it all? Go to The Lodge at Blue Sky. Set upon 3,500 acres (yes, you read that right, its in the thousands) this Utah resort opened quietly last summer and, like so many, had to shut down in March due to COVID-19.

However, now Blue Sky is back and better than ever. A place that embraces its vastness, the activities list is almost endless: you can go for hikes (there are so many options that the ranch has its own trail list), e-bikes, horseback rides (Western or English style), shoot sporting clays, axe-throwing, or fly-fishing, where afterwards, the guides will set up a gourmet picnic complete with caviar, smoked salmon, cheese, and charcuterie.

You can even make this into a Wild-West adventure: owner Auberge Resorts partnered with travel concierge company Rotten Tomato to create road-trip itineraries between their properties. So if you like,

Read More

Best hotels and resorts for a staycation

Cheryl S. Grant
 
| Palm Beach Post

As we navigate our new, socially distant normal, sometimes a no-passport-required staycation is just the refresher needed. And where better than Florida, where sugary white sands, golf courses, theme parks, and beachfront resorts reign supreme. And as the state continues to lift restrictions, a new survey from WalletHub finds that some Florida cities are among the best for an in state vacation.  

Related: Florida cities rank high in best cities for staycations list

Here are 12 places in the Sunshine state to steal away to, and the protocols they have adopted to mitigate the spread of the coronavirus, the disease that causes COVID-19.

KISSIMMEE

Reunion Resort

7593 Gathering Drive, Kissimmee

866-880-8563

Boasting three golf courses designed by legends of the game—Jack Nicklaus, Arnold Palmer, and Tom Watson—Reunion Resort features 360 accommodations that include private villas and vacation homes. The resort also offers casual

Read More

New Zealand island and resorts named among world’s best

New Zealand was named one of the top 20 countries in the world in the 2020 Condé Nast Traveler Readers’ Choice Awards (pictured: Great Barrier Island).

Brook Sabin/Stuff

New Zealand was named one of the top 20 countries in the world in the 2020 Condé Nast Traveler Readers’ Choice Awards (pictured: Great Barrier Island).

Closing itself off to overseas visitors hasn’t stopped “Fortress New Zealand” from winning a series of travel accolades, most recently in the prestigious Condé Nast Traveler Readers’ Choice Awards.

On Thursday, Lonely Planet announced that 13 of the world’s top travel experiences could be found on our shores. And readers of New York-based Condé Nast Traveler magazine reckon some of the world’s best islands and resorts can too. Oh, and they also voted New Zealand the 19th best country in the world.

Waiheke was described as New Zealand’s answer to Montauk in The Hamptons.

BROOK SABIN

Waiheke was described as New Zealand’s answer to Montauk in The Hamptons.

Italy topped the list of travellers’ favourite countries in the 33rd annual awards, based on more than half a million votes, with a percentage score representing

Read More

Hurricane Delta hits Mexico, toppling trees and knocking out power to some resorts


Hurricane Delta made landfall Wednesday just south of the Mexican resort of Cancun as an extremely dangerous Category 2 storm, downing trees and knocking out power to some resorts along the northeastern coast of Yucatan Peninsula. The U.S. National Hurricane Center in Miami said satellite imagery, radar data from Cuba and surface observations in Mexico indicate that the center of Delta came ashore around 5:30 a.m. local time, sustaining top winds of 110 mph.


Delta’s rapid intensification was the fastest in the Caribbean since Hurricane Wilma’s. That storm went from 75 mph to 185 mph in just 24 hours, notes CBS News meteorologist and climate specialist Jeff Berardelli.

Read More

Lodge owners, guides concerned about Minnesota resorts fishing in Canadian waters

Frank and Lynn Wepruk get frustrated when they hear the hum of a group of boats full of people going fishing, who will cross into Canada, fish, and then return south of the border.

The Wepruks own The Fisheries Resort, on Rainy Lake, near Fort Frances, Ont. Rainy Lake is mainly situated in Canada, but some of the lake adjoins Minnesota.

“You can tell when it’s a fleet of guide boats going by,” said Lynn, noting the boats that originate from Minnesota are grouped together, sometimes with as many as eight boats together.

There can be four or five people in each boat, she said, “so, when you start doing the arithmetic, on how many fish they could be potentially pulling out of our lake in one day, it could be 100 fish per boat.”

Wepruk said that figure is based on using catch-and-release methods of fishing, which, although the

Read More