Why Are Casino Companies Exploring Opco/Propco Restructuring?
Gaming stocks from Pinnacle Entertainment, Inc PNK 0.31% to Gaming and Leisure Properties Inc GLPI 0.36% to MGM Resorts International MGM 1.47% have all seen spikes of 10 percent or more in recent weeks on news and/or rumors revolving around a form of corporate restructuring referred to as “opco/propco.” While casino investors are certainly excited…