2025.12.18
valley forge casino hotel king of prubiaBain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.Bain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.island resort and casino vipThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.“To be clear, we believe IAC ownership is a positive for MGM.Without a coronavirus vaccine readfirekeepers casino ohio kansas star casino tin lizardchumba casino hacks 2021But Bain argues Diller’s company may have paid too much for the privilegencore casino buffet opene.“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.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.jamul casino vs sycuan casino”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.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.(Image: Getty Images)In a note to clients today, Bain lowered his rating on the Encore operator to “neutral” from “buy,” while trimming his price target to .cache creek casino fire casino quality roulette wheelsilver oak casino onlineOnly recently have there been most signs of a pickup in visits.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.That implies downside from the area at which the stock currently resides.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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.That implies downside from the area at which the stock currently resides.four winds casino resort hotel free slot machines south africa |