buffet at sunset station casinoAdditionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.Without a coronavirus vaccine readShares 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.free casino slot machines no download“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.But 2020 is far from the usual climate for gaming companies.The analyst points out that a VIP-led recovery in Macau may not materialize to the extent market observers previously believed, and that could weigh on Wynn equity.island view casino spa

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seneca niagara casino italian restaurantThe Wynn Macau is pictured above.”Risks mentioned by the Roth analyst include ongoing geopolitical volatility between the US and China, and concession renewal risk for US operators in Macau, among others.But Bain sees risks by way of a lack of liquidity among high-end players, new room supply coming to market, and a dearth of Hong Kong dollars flowing into the gaming hub because travel remains limited between the two SARs.big fish casino logoRisky BusinessBy Bain’s estimate, Wynn derives 68 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from the world’s largest gaming center, adjusting for its ownership stake in Wynn Macau.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.But 2020 is far from the usual climate for gaming companies.choctaw casino keith urban

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lake tahoe casino packagesNo 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.“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.1 billion in cash, giving it its strongest balance sheet ever.The Wynn Macau is pictured above.The Wynn Macau is pictured above.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.free slots wheel of fortune