foxwoods resort casino grand pequot tower“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 12oxford casino games percent stake in MGM,” said the analyst.An analyst is concerned about the operator’s exposure to its home city.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).pechanga casino box officeBut Bain is concerned that the lack of real estate levers to pull means the operator is too levered to Las Vegas, and investors may be overlooking that risk.“To be clear, we believe IAC ownership is a positive for MGM.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.morongo casino or pechanga

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free slot games of las vegasorg the Isle of Capri’s motor system will require repair work because of the incident.“To be clear, we believe IAC ownership is a positive for MGM.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.borgata casino vegasThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.”With convention traffic all but non-existent and leisure travelers from other regions unwilling to fly to Nevada, the Roth analyst points to Sin City’s dependence on the Golden State as a major near-term vulnerability because California’s own economy is struggling and is home to steep unemployment, owing to the COVID-19 pandemic.An analyst is concerned about the operator’s exposure to its home city.firekeepers casino 400 logo

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lucky tiger casino coupon codeorg.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.However, the riverboat was not structurally damaged and is back in operation as a floating casino.“To be clear, we believe IAC ownership is a positive for MGM.Robert Fontenot of the Louisiana State Police.Too much dependence on its home market is a potential drag on MGM stock at a time when Las Vegas is still grappling with the effects of the coronavirus pandemic.free slot video games for fun