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pechanga casino in californiaThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.However, the riverboat was not structurally damaged and is back in operation as a floating casino.Shares of Wynn Resorts (NASDAQ:WYNN) are lower by more than two percent Wednesday after Roth Capital analyst David Bain downgraded the gaming operator, citing, among other factors, risk in the marquee Macau market.luckyland slots casino downloadThe Wynn Macau is pictured above.That implies downside from the area at which the stock currently resides. in the Lake Charles area were damaged in the Category 4 hurricane.restaurants in the bellagio casino las vegas twin rivers casino washingtononline casino zambiaBetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.“The cyclical, competitive, capital-intensive nature of the Strip combines with a basket of well-known macro/specific travel and Las Vegas negatives, seemingly dismissed by investors since IAC took a 12hard rock casino lake tahoe arcade percent stake in MGM,” said the analyst.An analyst is concerned about the operator’s exposure to its home city.oxford casino hampton innorg.Soft air travel, group/event comphard rock casino lake tahoe arcaderession, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.An analyst is concerned about the operator’s exposure to its home city.chinook winds casino players club 7 clans casino pokerclearwater casino zz topNo Real Estate, More VolatilityLast year, MGM sold Bellagio and Circus Circus, and the real estate liquidation theme continued into January, as the operator parted with MGM Grand and Mandalay Bay on the Strip.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.“While structural elements for visitation improvements are advancing, we believe a VIP-led recovery will be less broad-based than many anticipate and carry specific risks,” said Bain.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).Soft air travel, group/event comphard rock casino lake tahoe arcaderession, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.free slot games highway kings free slots 8888 |