online casino d”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.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.live casino offers“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.The Wynn Macau is pictured above.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.island view casino alabama

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borgata casino online reviewsBut Bain argues Diller’s company may have paid too much for the privilege.MGM Grand on the Las Vegas Strip.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.poker casino zurich“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 12jamul casino buffet price percent stake in MGM,” said the analyst.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.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.does turtle lake casino have a pool

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