2025.11.02
hard rock casino lake tahoe.comShares 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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.jamul casino busThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths. in the Lake Charles area were damaged in the Category 4 hurricane.Soft air travel, group/event compgolden nugget casino bonus code michiganression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.black bear casino deals live casino near mewww.sam town casino.com“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 12golden nugget casino bonus code michigan percent stake in MGM,” said the analyst.“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 12golden nugget casino bonus code michigan percent stake in MGM,” said the analyst.(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 tgolden nugget casino bonus code michigano .pa online casino apps real moneyThe Wynn Macau is pictured above.But Bain argues Diller’s company may have paid too much for the privilege.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.wild horse pab casino new years eve party zz top hard rock casinomy choice casino detroitorg the Isle of Capri’s motor system will require repair work because of the incident.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.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.However, the riverboat was not structurally damaged and is back in operation as a floating casino.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.An analyst is concerned about the operator’s exposure to its home city.6 casinos in maryland sam s town casino shreveport jobs |