albi poker casino 300“To be clear, we believe IAC ownership is a positive for MGM.MGM Grand on the Las Vegas Strip.That implies downside from the area at which the stock currently resides.mountaineer casino sportsbookBut 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.Now, MGM has .That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.riversweeps online casino app android download for android

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free elvis slot machinesThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.That implies downside from the area at which the stock currently resides.“To be clear, we believe IAC ownership is a positive for MGM.island view casino resort mibibippiBut 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.(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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.scarlet pearl casino telephone number

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kansas star casino players cardLast month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.But its land-based difficulties trump its digital opportunities by a wide margin,” 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.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.(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.poker casino deauville