bellagio casino picturesToo 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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.admiral casino scunthorpeThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.free online slots for pc

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free slots 2x 5xorg.Now, MGM has .(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.admiral casino vicar lane“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 12roulette casino online percent stake in MGM,” said the analyst.An analyst is concerned about the operator’s exposure to its home city.The boat is not taking on water and is safe, he told Casino.slot machine casino las vegas

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free online live poker games“We believe certain operators are structurally better poIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).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.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.Now, MGM has .However, the riverboat was not structurally damaged and is back in operation as a floating casino.free online slots casino