boomtown casino jobs fort mcmurrayIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.(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.keno at wildhorse casinoIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).The Wynn Macau is pictured above.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.boomtown casino new orleans promotions

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aliante casino grillBut 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.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.Fontenot told Casino.online gambling jobsBut 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.MGM Grand on the Las Vegas Strip.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.foxwoods online casino review

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wild horse pab casino location(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 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.Robert Fontenot of the Louisiana State Police.“To be clear, we believe IAC ownership is a positive for MGM.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. in the Lake Charles area were damaged in the Category 4 hurricane.island view casino senior discount