coushatta casino texasShares 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.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.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.pechanga casino onlineThe Wynn Macau is pictured above.“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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.riverwind casino buffet price

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bicycle casino laThat implies downside from the area at which the stock currently resides.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.”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.four winds casino kid questNow, MGM has .An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.The Wynn Macau is pictured above.online casino no deposit bonus codes 2021 usa

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aliante casino gymThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.“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 12reddit big fish casino percent stake in MGM,” said the analyst.Soft air travel, group/event compreddit big fish casinoression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).org the Isle of Capri’s motor system will require repair work because of the incident.org the Isle of Capri’s motor system will require repair work because of the incident.resorts casino in atlantic city new jersey