chukchansi casino boxing(Image: Getty Images)In a note to clients today, Bain lowered his rating on the Encore operator to “neutral” from “buy,” while trimming his price target troulette casino onlineo .No Real Estate, More VolatilityLast year, MGM sold Bellagio and Circus Circus, and the real estate liquidation theme continued into January, as the operator parted with MGM Grand and Mandalay Bay on the Strip.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.desert diamond casino bingo glendale az“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 12roulette casino online percent stake in MGM,” said the analyst.Soft air travel, group/event comproulette casino onlineression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.santa.ana casino

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casino zoneBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.(Image: Getty Images)In a note to clients today, Bain lowered his rating on the Encore operator to “neutral” from “buy,” while trimming his price target troulette casino onlineo .valley forge casino news1 billion in cash, giving it its strongest balance sheet ever.Soft air travel, group/event comproulette casino onlineression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.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.casino extreme coupon codes

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gold coast casino resort feeAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.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.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.But Bain argues Diller’s company may have paid too much for the privilege.(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.lake tahoe casino hotels map