hard rock casino hotel atlantic cityBain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.(Image: Getty Images)In a note to clients today, Bain lowered his rating on the Encore operator to “neutral” from “buy,” while trimming his price target to .But 2020 is far from the usual climate for gaming companies.blackjack casino table limitThat’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, anroyal ace casino free spins no depositd the Encore, will account for 22 percent of 2022 EBITDA.south lake tahoe casinos covid

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soaring eagle casino gambling ageAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.“To be clear, we believe IAC ownership is a positive for MGM.online casino party pokerBut 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.But 2020 is far from the usual climate for gaming companies.Now, MGM has .mohegan sun casino rules

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free casino slot games vegas worldThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.Shares 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.Shares 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.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau royal ace casino free spins no depositgaming market than Wynn.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, anroyal ace casino free spins no depositd the Encore, will account for 22 percent of 2022 EBITDA.But 2020 is far from the usual climate for gaming companies.river spirit casino and resort