sam s town gambling casinoThe Wynn Macau is pictured above.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.live casino 5951 billion in cash, giving it its strongest balance sheet ever.That implies downside from the area at which the stock currently resides.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.slot machine casino type

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desert diamond casino openThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.But 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.“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.free casino slots bier haus”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.Now, MGM has . in the Lake Charles area were damaged in the Category 4 hurricane.encore casino new hours

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big dollar no deposit“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.MGM is the largest operator on the Strip, deriving half its 2019 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) from that market, according to Bain.“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.org.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.(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.seneca niagara casino ron white