slot casino real money”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.An analyst is concerned about the operator’s exposure to its home city.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.black bear casino and resortToo 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 Wynn Macau is pictured above.MGM Grand on the Las Vegas Strip.gold coast casino map

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free slot games jackpot partyAdditionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.sam s town casino hotel tunica mibibippiAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.casino near me greensburg pa

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the harrah s casino in biloxiShares 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 Grand on the Las Vegas Strip.1 billion in cash, giving it its strongest balance sheet ever.MGM Grand on the Las Vegas Strip.However, the riverboat was not structurally damaged and is back in operation as a floating casino.“To be clear, we believe IAC ownership is a positive for MGM.slotbooster doubledown casino