player rewards club casino arizonaThe 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.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.”Risks mentioned by the Roth analyst include ongoing geopolitical volatility between the US and China, and concession renewal risk for US operators in Macau, among others.where is betrivers casino1 billion in cash, giving it its strongest balance sheet ever.Some investors like Wynn stock due to Asia-Pacific exposure.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.big fish casino vip bonus

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zorro casino slots free“To be clear, we believe IAC ownership is a positive for MGM.The Wynn Macau is pictured above.oyment, owing to the COVID-19 pandemic.kim k hollywood casinoBut Bain argues Diller’s company may have paid too much for the privilegisland view casino webcame.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.”Risks mentioned by the Roth analyst include ongoing geopolitical volatility between the US and China, and concession renewal risk for US operators in Macau, among others.scarlet pearl casino dreb code

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gold coast casino all you can eatNo 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’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.“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 12 percent stake in MGM,” said the analyst.Risky BusinessBy Bain’s estimate, Wynn derives 68 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from the world’s largest gaming center, adjusting for its ownership stake in Wynn Macau.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.The Wynn Macau is pictured above.black bear casino easter buffet