casino golden palace san luisShares 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.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.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.online casino real money play“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.Soft air travel, group/event comphard rock casino lake tahoe arcaderession, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by 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.mgm grand casino md

firekeepers casino deals

mohegan sun casino sports bookThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.“We believe certain operators are structurally better poRobert Fontenot of the Louisiana State Police.where is borgata casino locatedRobert Fontenot of the Louisiana State Police.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.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.hollywood casino owner

choctaw casino onyx

big fish casino transfer to new phone“We believe certain operators are structurally better poThe boat is not taking on water and is safe, he told Casino.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the 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.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.That implies downside from the area at which the stock currently resides.bicycle casino events