caesar casino newsAn analyst is concerned about the operator’s exposure to its home city.However, the riverboat was not structurally damaged and is back in operation as a floating casino.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.black bear casino logoFontenot told Casino.Too much dependence on its home market is a potential drag on MGM stock at a time when Las Vegas is still grappling with the effects of the coronavirus pandemic.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.is chumba casino legitimate

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thunder valley casino bakeryHowever, the riverboat was not structurally damaged and is back in operation as a floating casino.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.The boat is not taking on water and is safe, he told Casino.wild jackpots casino loginorg the Isle of Capri’s motor system will require repair work because of the incident.“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 12reddit big fish casino 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.mgm casino directions

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9 casino games“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.org the Isle of Capri’s motor system will require repair work because of the incident.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.“While structural elements for visitation improvements are advancing, we believe a VIP-led recovery will be less broad-based than many anticipate and carry specific risks,” said Bain.”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.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.big dollar casino free spins no deposit