silver oak casino loginBut 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. in the Lake Charles area were damaged in the Category 4 hurricane.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.pechanga casino upcoming eventsFontenot told Casino.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.An analyst is concerned about the operator’s exposure to its home city.wild 7 casino game

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no deposit bonus casinos planet 7org.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.An analyst is concerned about the operator’s exposure to its home city.four winds casino foodBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.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.black hawk casino table games reopening

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cool cat casino no deposit bonusMGM is the largest operator on the Strip, deriving half its 2019 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) from that market, according to Bain.Robert Fontenot of the Louisiana State Police.However, the riverboat was not structurally damaged and is back in operation as a floating casino.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.That implies downside from the area at which the stock currently resides.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.mgm grand casino news