Derek Stevens Offers CAD Discounts to Attract Canadian Tourists Back to Las Vegas
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Source: seekingalpha
- CAD Discount Initiative: Derek Stevens announced that his properties, including Golden Gate Hotel, The D Las Vegas, and Circa Resort & Casino, will accept Canadian dollars at par with U.S. dollars, currently at a rate of $1.00 to $0.73, providing significant discounts to Canadian tourists to stimulate tourism recovery.
- Promotion Duration: This promotional offer will run until August 31 and applies to hotel rooms, bar purchases, and $500 worth of casino play, which is expected to attract more Canadian visitors and alleviate the weak tourism trends observed over the past year.
- Tourism Data Insights: According to the Las Vegas Convention and Visitors Authority, Canadian visitation fell nearly 25% in 2024, while overall tourism was down about 7%, highlighting the urgency for market recovery efforts.
- Air Seat Capacity Decline: Airline seat capacity from Canadian cities to Las Vegas has decreased by approximately 40%, reaching the lowest level since 2006, reflecting tourists' dissatisfaction with U.S. policies and rising travel costs, which contextualizes Stevens' discount initiative.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MGM?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MGM
Wall Street analysts forecast MGM stock price to rise
14 Analyst Rating
5 Buy
7 Hold
2 Sell
Hold
Current: 38.110
Low
29.00
Averages
40.31
High
56.00
Current: 38.110
Low
29.00
Averages
40.31
High
56.00
About MGM
MGM Resorts International is a global gaming and entertainment company with national and international destinations featuring hotels and casinos, meetings and conference spaces, incredible live and theatrical entertainment experiences, and a range of restaurants, nightlife and retail offerings. Its segment includes Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. Las Vegas Strip Resorts consists of casino resorts: Aria, Bellagio, The Cosmopolitan of Las Vegas, MGM Grand Las Vegas, Mandalay Bay, Luxor, New York-New York, Excalibur, and Park MGM. Regional Operations consists of various casino properties: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York, and others. MGM Digital is its online gaming portfolio which consists of LeoVegas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MGM Resorts Eyes Potential Takeover of Entain Plc
- Acquisition Target: MGM Resorts (MGM) is reportedly considering Entain Plc (GMVHF) as a potential takeover target, indicating its strategic intent to expand in the gaming industry, particularly given their existing joint venture.
- Private Equity Interest: Traders have noted that private equity firms CVC Capital and Apollo Global may also be exploring a transaction with Entain, either alongside MGM or independently, highlighting strong market interest and potential competition for the acquisition.
- Advisory Role: Deutsche Bank may be advising and potentially financing one of the buyers for Entain, which not only enhances the feasibility of the transaction but could also expedite the acquisition process, further bolstering MGM's market position.
- Historical Context: Entain previously rejected an all-stock takeover bid from MGM in January 2021, as well as a cash and stock offer from DraftKings in September 2021, reflecting Entain's strong market position and negotiation power.
See More
High-Yield Stock Recommendations Amid Economic Uncertainty
- Vici Properties Resilience: Despite economic challenges, Vici Properties (VICI) has achieved eight consecutive years of dividend growth, with a current yield of 6.19%, demonstrating its profitability resilience in adverse conditions.
- Enbridge's Stable Revenue: Enbridge (ENB) operates over 18,000 miles of pipelines with a daily transport capacity of nearly 6 million barrels, and its stable revenue model has allowed it to raise its annual dividend for 31 consecutive years, currently yielding 5.3%.
- Progressive's Special Dividend: Progressive (PGR) paid a special dividend of $13.50 per share in January 2023; despite a 30% drop in stock price over the past year, its active policy count increased by 10% year-over-year, driving an 8% premium growth, with a current yield of about 7%.
- Portfolio Diversification Advice: Given the current economic uncertainty, investors should consider incorporating Vici, Enbridge, and Progressive into their portfolios to secure stable income streams and potential capital appreciation, especially as high-risk growth stocks face pressure.
See More
Analysis of High-Yield Dividend Stock Opportunities
- Overview of Vici Properties: As a premier gambling and entertainment REIT, Vici Properties owns 61 gambling locations and 39 non-gambling properties, leasing to 15 tenants while maintaining a 100% occupancy rate, showcasing its strong competitive position in the market.
- Stable Dividend Yield: Vici currently offers a dividend yield of 6.2%, having increased its dividend annually since going public in 2018, and is expected to maintain and raise dividend payments in the future, bolstering investor confidence.
- T. Rowe Price Business Growth: T. Rowe Price, a provider of investment services, manages $1.7 trillion in assets, with Q1 revenue increasing by 5.3% year-over-year, indicating robust growth potential in the financial services sector.
- Dividend King Prospects: With a dividend yield of 5% and a history of 40 consecutive years of dividend increases, T. Rowe Price is on track to achieve Dividend King status in the next decade, further solidifying its appeal as a long-term investment.
See More
Vici Properties and T. Rowe Price: Stable Dividend Yields
- Vici Properties Performance: Vici Properties, a leading gambling REIT, currently boasts a dividend yield of 6.2% and has consistently raised its dividends annually since going public in 2018, indicating strong cash flow and stable income generation.
- Financial Health: In Q1 2026, Vici's revenue grew 3.5% year-over-year to $1 billion, while adjusted funds from operations (AFFO) increased by 5.7%, suggesting the company can maintain and potentially increase its dividend payments in the future.
- T. Rowe Price Stability: T. Rowe Price has raised its dividend for 40 consecutive years since its inception in 1937, currently offering a 5% yield, with a payout ratio of 55%, positioning it to achieve Dividend King status in the next decade.
- Asset Management Scale: As of Q1 2026, T. Rowe Price manages $1.7 trillion in assets, with revenue increasing by 5.3% year-over-year to $1.85 billion and net operating income reaching $680.5 million, showcasing its strong market position and profitability.
See More
VICI Properties Completes Acquisition of Golden Entertainment Assets
- Deal Finalization: VICI Properties officially completed the acquisition of Golden Entertainment's operating assets and seven casino real estate properties for $1.6 billion after approval from the Nevada Gaming Commission, marking a significant expansion in the gaming sector.
- Portfolio Enhancement: The acquisition enhances VICI's Las Vegas-area holdings, which now include iconic properties such as Caesars Palace, MGM Grand, and The Venetian Resort, solidifying its position as a premier experiential REIT platform.
- Market Trend Validation: Analysts highlight that Golden Entertainment's addition to VICI's tenant roster further validates the OpCo/PropCo structure as the dominant model in regional gaming, reflecting a positive trend in sale-leaseback transactions within the industry.
- Shareholder Value Increase: Wedbush Securities views the deal as incrementally positive for VICI while providing a clear value crystallization for Golden Entertainment shareholders, indicating strong market recognition of the transaction.
See More
Macau's April Gaming Revenue Rises 5.5% Year-on-Year
- Revenue Growth: According to the Gaming Inspection and Coordination Bureau, Macau's gross gaming revenue (GGR) rose 5.5% year-on-year in April to 19.9 billion patacas ($2.46 billion), indicating signs of market recovery.
- Sequential Decline Analysis: Despite the year-on-year increase, April's revenue was down 12.6% from March, primarily due to the month being traditionally slow with no extended holidays to boost activity.
- Year-to-Date Performance: For the first four months of 2026, Macau's GGR is up 12.1% year-on-year to 85.8 billion patacas ($10.6 billion), yet still down 14.5% from pre-pandemic levels in 2019, highlighting the challenges in market recovery.
- Market Pressure Warning: Analyst Vitaly Umansky noted that the deceleration in revenue growth and increased margin pressure could lead casino operators to become more vigilant regarding expense fluctuations and player reinvestment as uncertainties loom ahead.
See More
MGM Resorts Eyes Potential Takeover of Entain Plc
- Acquisition Target: MGM Resorts (MGM) is reportedly considering Entain Plc (GMVHF) as a potential takeover target, indicating its strategic intent to expand in the gaming industry, particularly given their existing joint venture.
- Private Equity Interest: Traders have noted that private equity firms CVC Capital and Apollo Global may also be exploring a transaction with Entain, either alongside MGM or independently, highlighting strong market interest and potential competition for the acquisition.
- Advisory Role: Deutsche Bank may be advising and potentially financing one of the buyers for Entain, which not only enhances the feasibility of the transaction but could also expedite the acquisition process, further bolstering MGM's market position.
- Historical Context: Entain previously rejected an all-stock takeover bid from MGM in January 2021, as well as a cash and stock offer from DraftKings in September 2021, reflecting Entain's strong market position and negotiation power.
See More
High-Yield Stock Recommendations Amid Economic Uncertainty
- Vici Properties Resilience: Despite economic challenges, Vici Properties (VICI) has achieved eight consecutive years of dividend growth, with a current yield of 6.19%, demonstrating its profitability resilience in adverse conditions.
- Enbridge's Stable Revenue: Enbridge (ENB) operates over 18,000 miles of pipelines with a daily transport capacity of nearly 6 million barrels, and its stable revenue model has allowed it to raise its annual dividend for 31 consecutive years, currently yielding 5.3%.
- Progressive's Special Dividend: Progressive (PGR) paid a special dividend of $13.50 per share in January 2023; despite a 30% drop in stock price over the past year, its active policy count increased by 10% year-over-year, driving an 8% premium growth, with a current yield of about 7%.
- Portfolio Diversification Advice: Given the current economic uncertainty, investors should consider incorporating Vici, Enbridge, and Progressive into their portfolios to secure stable income streams and potential capital appreciation, especially as high-risk growth stocks face pressure.
See More
Analysis of High-Yield Dividend Stock Opportunities
- Overview of Vici Properties: As a premier gambling and entertainment REIT, Vici Properties owns 61 gambling locations and 39 non-gambling properties, leasing to 15 tenants while maintaining a 100% occupancy rate, showcasing its strong competitive position in the market.
- Stable Dividend Yield: Vici currently offers a dividend yield of 6.2%, having increased its dividend annually since going public in 2018, and is expected to maintain and raise dividend payments in the future, bolstering investor confidence.
- T. Rowe Price Business Growth: T. Rowe Price, a provider of investment services, manages $1.7 trillion in assets, with Q1 revenue increasing by 5.3% year-over-year, indicating robust growth potential in the financial services sector.
- Dividend King Prospects: With a dividend yield of 5% and a history of 40 consecutive years of dividend increases, T. Rowe Price is on track to achieve Dividend King status in the next decade, further solidifying its appeal as a long-term investment.
See More
Vici Properties and T. Rowe Price: Stable Dividend Yields
- Vici Properties Performance: Vici Properties, a leading gambling REIT, currently boasts a dividend yield of 6.2% and has consistently raised its dividends annually since going public in 2018, indicating strong cash flow and stable income generation.
- Financial Health: In Q1 2026, Vici's revenue grew 3.5% year-over-year to $1 billion, while adjusted funds from operations (AFFO) increased by 5.7%, suggesting the company can maintain and potentially increase its dividend payments in the future.
- T. Rowe Price Stability: T. Rowe Price has raised its dividend for 40 consecutive years since its inception in 1937, currently offering a 5% yield, with a payout ratio of 55%, positioning it to achieve Dividend King status in the next decade.
- Asset Management Scale: As of Q1 2026, T. Rowe Price manages $1.7 trillion in assets, with revenue increasing by 5.3% year-over-year to $1.85 billion and net operating income reaching $680.5 million, showcasing its strong market position and profitability.
See More
VICI Properties Completes Acquisition of Golden Entertainment Assets
- Deal Finalization: VICI Properties officially completed the acquisition of Golden Entertainment's operating assets and seven casino real estate properties for $1.6 billion after approval from the Nevada Gaming Commission, marking a significant expansion in the gaming sector.
- Portfolio Enhancement: The acquisition enhances VICI's Las Vegas-area holdings, which now include iconic properties such as Caesars Palace, MGM Grand, and The Venetian Resort, solidifying its position as a premier experiential REIT platform.
- Market Trend Validation: Analysts highlight that Golden Entertainment's addition to VICI's tenant roster further validates the OpCo/PropCo structure as the dominant model in regional gaming, reflecting a positive trend in sale-leaseback transactions within the industry.
- Shareholder Value Increase: Wedbush Securities views the deal as incrementally positive for VICI while providing a clear value crystallization for Golden Entertainment shareholders, indicating strong market recognition of the transaction.
See More
Macau's April Gaming Revenue Rises 5.5% Year-on-Year
- Revenue Growth: According to the Gaming Inspection and Coordination Bureau, Macau's gross gaming revenue (GGR) rose 5.5% year-on-year in April to 19.9 billion patacas ($2.46 billion), indicating signs of market recovery.
- Sequential Decline Analysis: Despite the year-on-year increase, April's revenue was down 12.6% from March, primarily due to the month being traditionally slow with no extended holidays to boost activity.
- Year-to-Date Performance: For the first four months of 2026, Macau's GGR is up 12.1% year-on-year to 85.8 billion patacas ($10.6 billion), yet still down 14.5% from pre-pandemic levels in 2019, highlighting the challenges in market recovery.
- Market Pressure Warning: Analyst Vitaly Umansky noted that the deceleration in revenue growth and increased margin pressure could lead casino operators to become more vigilant regarding expense fluctuations and player reinvestment as uncertainties loom ahead.
See More
