table games at downstream casinoShares 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.”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.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).casino nightThese casinos were closed temporarily but have since reopened, according to Lt.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.That implies downside from the area at which the stock currently resides.sycuan casino deals

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mohegan sun casino host phone number“To be clear, we believe IAC ownership is a positive for MGM.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.”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.black hawk casino gamesThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.The boat is not taking on water and is safe, he told Casino.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.hard rock casino tulsa

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slot machines at jamul casinoThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.MGM 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.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.Fontenot told Casino.(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.Now, MGM has .lucky tiger casino review