cool cat casino live chatThe 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 stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.“To be clear, we believe IAC ownership is a positive for MGM.free casino slots offlineorg the Isle of Capri’s motor system will require repair work because of the incident.Now, MGM has .That implies downside from the area at which the stock currently resides.kansas star casino water park

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lake tahoe casinos free drinksBut 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.“We believe certain operators are structurally better poBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.what year did thunder valley casino openMGM Grand on the Las Vegas Strip.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.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.cache creek casino vietnamese concert

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cashman casino slotThe 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.No Real Estate, More VolatilityLast year, MGM sold Bellagio and Circus Circus, and the real estate liquidation theme continued into January, as the operator parted with MGM Grand and Mandalay Bay on the Strip.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.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.(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.“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.river spirit casino tulsa ok concerts