hard rock casino players cardAn analyst is concerned about the operator’s exposure to its home city.“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 12golden nugget casino bonus code michigan percent stake in MGM,” said the analyst.Soft air travel, group/event compgolden nugget casino bonus code michiganression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.winstar world casino prices“To be clear, we believe IAC ownership is a positive for MGM.The boat is not taking on water and is safe, he told Casino.An analyst is concerned about the operator’s exposure to its home city.hollywood casino amphitheater

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boulder station casino bowling“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.MGM Grand on the Las Vegas Strip.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.treasure island resort and casino las vegasThese casinos were closed temporarily but have since reopened, according to Lt.These casinos were closed temporarily but have since reopened, according to Lt.The Wynn Macau is pictured above.casino royale 1967

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youda games free online governor of poker 2org.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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.desert diamond casino update