MGM Mirage Is an Oasis in the Gaming Desert

The uncertain economy has left most gaming stocks in shambles. But in spite of the carnage in the sector, there is at least one company that you need to pay attention to. That's MGM Mirage (MGG Quote).

Here's my thinking:

First off, even though the company isn't immune to macroeconomic conditions, it has advantages that its competition doesn't. For example, it has an extremely diverse revenue base in established markets throughout Nevada and Mississippi. It also has what are perceived to be "best-in-class" facilities in each of the markets in which it operates. And as a result of these factors, it has continued to draw some pretty healthy foot traffic. ...