In response to an analyst’s query final week, VICI leadership stated the organization is nevertheless hunting to grow in Las Vegas. Richard Branson’s Virgin Group, which is aspect of the ownership firm, acquired the former Difficult Rock Las Vegas on Paradise Road and Harmon Avenue for $500 million in 2018. The home was closed in February 2020 and reopened in March 2021 after a $200 million remodeling project. Cliff Atkinson, a former corporate executive with MGM Resorts International, took over as CEO of Virgin Hotels' parent company JC Hospitality on Monday. He replaces Richard Bosworth, who stepped down in March but retains an ownership stake. Smith told analysts the organization is thinking of plans for other properties it operates to increase their performance. Truist Securities gaming analyst Barry Jonas wrote in a research note that BetMGM could obtain profitability far faster than the investment community anticipated. However, said the market nevertheless views BetMGM "as a duopoly" with restricted worth for MGM offered the joint ownership.

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