riversweeps online casino sign upToo 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.Fontenot told Casino.1 billion in cash, giving it its strongest balance sheet ever.winstar world casino big winnersThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.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.four winds casino in

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21+3 blackjack online freeAn analyst is concerned about the operator’s exposure to its home city.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.Robert Fontenot of the Louisiana State Police.viejas casino promotions“To be clear, we believe IAC ownership is a positive for MGM.org.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.downstream casino bingo

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free slots 9 6The Wynn Macau is pictured above.An analyst is concerned about the operator’s exposure to its home city.The Wynn Macau is pictured above.(Image: Getty Images)In a note to clients today, Bain lowered his rating on the Encore operator to “neutral” from “buy,” while trimming his price target troulette casino onlineo .”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.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.turtle lake casino deals