cache creek casino hotels nearbyShares 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.(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.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.harrah s casino temeculaThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.1 billion in cash, giving it its strongest balance sheet ever.That implies downside from the area at which the stock currently resides.doubledown casino 30 free spins

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hollywood casino 400 pre race concert(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.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.”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.cliff castle casino phone numberThat’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.“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.blackjack casino list

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sam s town casino las vegas rv parkMGM Grand on the Las Vegas Strip.“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 12reddit big fish casino percent stake in MGM,” said the analyst.”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.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.Fontenot told Casino.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.cache creek casino.com