casino grade roulette tableBut 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.But 2020 is far from the usual climate for gaming companies.“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.free online 5 card poker no downloadOnly recently have there been most signs of a pickup in visits.(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 to .That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.riverwind casino tulsa ok

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captain jack casino no deposit welcome bonusBain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.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.Now, MGM has .online casino 88 fortunes1 billion in cash, giving it its strongest balance sheet ever.Now, MGM has .oyment, owing to the COVID-19 pandemic.admiral casino eastleigh

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encore casino age limitShares 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.“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.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, anroyal ace casino free spins no depositd the Encore, will account for 22 percent of 2022 EBITDA.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.1 billion in cash, giving it its strongest balance sheet ever.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.boomtown casino new orleans louisiana