caesar casino vipIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).“We believe certain operators are structurally better po“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.borgata casino shows“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.1 billion in cash, giving it its strongest balance sheet ever.Too 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.sam s town casino number

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the el dorado casino renoThat implies downside from the area at which the stock currently resides.(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.Too 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.slot machine odds casinoBut Bain argues Diller’s company may have paid too much for the privilege.But Bain argues Diller’s company may have paid too much for the privilege.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.foxwoods resort casino prices

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cashman casino bonus collectorFontenot told Casino.MGM is the largest operator on the Strip, deriving half its 2019 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) from that market, according to 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.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.Too 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.free slot games blazing 7