hollywood casino st louis mask policyAn analyst is concerned about the operator’s exposure to its home city.That implies downside from the area at which the stock currently resides.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).no deposit bonus casino 2021 south africaThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.(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. in the Lake Charles area were damaged in the Category 4 hurricane.cashman casino descargar

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big dollar online casino no deposit bonusThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.The Wynn Macau is pictured above.MGM Grand on the Las Vegas Strip.tachi palace casino promotionsThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.”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.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.foxwoods resort casino employment verification

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casino resorts kentuckyMGM 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.Now, MGM has .“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.The Wynn Macau is pictured above.MGM Grand on the Las Vegas Strip.That implies downside from the area at which the stock currently resides.island resort and casino opening date