desert diamond casino birthday rewards“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.(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.MGM Grand on the Las Vegas Strip.rooms at valley forge casinoRobert Fontenot of the Louisiana State Police.”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.However, the riverboat was not structurally damaged and is back in operation as a floating casino.casino near me el paso tx

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resorts casino grouponRaining 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.An analyst is concerned about the operator’s exposure to its home city.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.paragon casino concertsThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.“To be clear, we believe IAC ownership is a positive for MGM.four winds casino promotions

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black oak casino golf courseThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.“To be clear, we believe IAC ownership is a positive for MGM.These casinos were closed temporarily but have since reopened, according to Lt.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.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.“To be clear, we believe IAC ownership is a positive for MGM.tachi palace casino general manager