tropicana laughlin hotel casinoThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.raging bull casino 14 free spins“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.No Real Estate, More VolatilityLast year, MGM sold Bellagio and Circus Circus, and the real estate liquidation theme continued into January, as the operator parted with MGM Grand and Mandalay Bay on the Strip.“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.bovada online casino iphone

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bellagio casino slot winnersBut Bain sees risks by way of a lack of liquidity among high-end players, new room supply coming to market, and a dearth of Hong Kong dollars flowing into the gaming hub because travel remains limited between the two SARs.Only recently have there been most signs of a pickup in visits.But there are issues, there, too.cliff castle casino winners“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.Without a coronavirus vaccine readThat’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.caesar casino indiana

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hollywood casino event centerBut 2020 is far from the usual climate for gaming companies.That implies downside from the area at which the stock currently resides.Wynn Macau and Wynn Palace, along with the special administrative region’s (SAR) other casinos, were closed for 15 days in February because of the coronavirus pandemic.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.But there are issues, there, too.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.seneca niagara casino images