online gambling businebRaining on the ParadeIAC getting involved with MGM is much more about the gaming company’s online casinos and BetMGM units than it is about land-based integrated resorts.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.”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.free slots new zealandBut 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.“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 12hard rock casino lake tahoe arcade percent stake in MGM,” said the analyst.These casinos were closed temporarily but have since reopened, according to Lt.mgm casino hotel las vegas

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morongo casino and hotelBut Bain argues Diller’s company may have paid too much for the privilege.The Wynn Macau is pictured above.These casinos were closed temporarily but have since reopened, according to Lt.hard rock casino wheatland(Image: Ethan Miller/Getty Images)In a note to clients today, Roth Capital analyst David Bain lowered his rating on the Bellagio operator to “neutral” from “buy,” while paring his price forecast on the stock to , implying significant downside from the area at which it currently trades.“We believe certain operators are structurally better poThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.caesars casino reno

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free casino slot machine to play“To be clear, we believe IAC ownership is a positive for MGM.“To be clear, we believe IAC ownership is a positive for MGM.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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.black hawk first casino