four winds casino new buffalo buffetMGM Grand on the Las Vegas Strip.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.But Bain argues Diller’s company may have paid too much for the privilege.gold coast casino buffet“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 12oxford casino games percent stake in MGM,” said the analyst.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.These casinos were closed temporarily but have since reopened, according to Lt.hard rock casino job fair

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z casino hotel central cityThe 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.The boat is not taking on water and is safe, he told Casino.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.hard rock casino employee benefitsAdditionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.Soft air travel, group/event compoxford casino gamesression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.black oak casino arcade open

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sycuan casino to san diego airportBut Bain argues Diller’s company may have paid too much for the privilege.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.org.”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.The Wynn Macau is pictured above.Now, MGM has .jamul casino floor plan