2025.11.05
turtle creek casino hotel promo codeThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.“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.Fontenot told Casino.online casino no deposit bonus australiaBetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.The Wynn Macau is pictured above.las atlantis casino sign up bonus encore casino pointsdesert diamond casino employee login(Image: Ethan Miller/Getty Images)In a note to clients today, Roth Capital analyst David Bain lowered his rating on the Bellagio operator to “neutral” from “buy,” while paring his price forecast on the stock to , implying significant downside from the area at which it currently trades.No 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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.borgata casino mask policyBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.The Wynn Macau is pictured above.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.poker casino regina mgm grand casino poolthunder valley casino golf courseThe Wynn Macau is pictured above.That implies downside from the area at which the stock currently resides.That implies downside from the area at which the stock currently resides.“We believe certain operators are structurally better po“To be clear, we believe IAC ownership is a positive for MGM.But Bain argues Diller’s company may have paid too much for the privilege.casino n.s.w resorts casino sportsbook |