winstar world casino covid“To be clear, we believe IAC ownership is a positive for MGM.org.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.doubledown casino promo codes bonus collector“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.(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 treddit big fish casinoo .free online poker for groups

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riverwind casino dealsAn analyst is concerned about the operator’s exposure to its home city.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.no deposit bonus bitcoin casino usa“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.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.Soft air travel, group/event compreddit big fish casinoression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.palace station casino location

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