owns the real estate of 43<\/a> gaming venues across 17 states, but has just one Las Vegas holding \u2013 the M Resort Spa Casino.<\/p>\nLong-Term vs. Short-Term<\/h2>\n
With the lack of clarity regarding when the US will contain the COVID-19 situation, near-term pressure is likely to remain on gaming REITs. But the group appears positioned to weather this storm.<\/p>\n
\u201cGaming and leisure properties with assets concentrated in markets relying on tourism, convention, or conference demand could be severely affected by a reduction in consumer demand due to coronavirus fears,\u201d according to Fitch. \u201cHowever, these property types have long-term, often cross collateralized leases with reasonably healthy asset level EBITDAR coverage to support near-term cash flow.\u201d<\/p>\n
Vici Properties (NYSE:VICI) is the other major domestic gaming real estate firm. That stock came into today with a March loss of 25 percent, but is lower by 15.86 percent with 75 minutes left in Thursday’s session<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"Gaming real estate investment trusts (REITs), including MGM Growth Properties (NYSE:MGP), are experiencing sharp share price declines alongside their operator tenants ecause of the spreading of the coronavirus throughout the US. But those with strong exposure to multiple markets could bounce back, according to some analysts. REITs are usually viewed as a defensive asset class, […]<\/p>\n","protected":false},"author":46,"featured_media":129659,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[],"acf":[],"yoast_head":"\n
MGP, Other Gaming REITs Hit by Virus, Portfolio Diversity Matters<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n