seminole hard rock casino yelpAn analyst is concerned about the operator’s exposure to its home city.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.The analyst points out that a VIP-led recovery in Macau may not materialize to the extent market observers previously believed, and that could weigh on Wynn equity.casino slot machine in usa“We believe certain operators are structurally better poThat implies downside from the area at which the stock currently resides.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.seminole casino hotel tampa

pechanga casino bingo

brian christopher slots october 2021The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.The Wynn Macau is pictured above.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.poker casino cosmopol in the Lake Charles area were damaged in the Category 4 hurricane.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.”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.g casino poker schedule

bovada casino blackjack

oxford casino owner“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.”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.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.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.Raining 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.That implies downside from the area at which the stock currently resides.is the mohegan sun casino open