mgm grand casino michiganToo 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.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.“We believe certain operators are structurally better pohow to win at foxwoodsLast month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.“We believe certain operators are structurally better po“We believe certain operators are structurally better poisland view casino hotel rooms

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hollywood casino amphitheatre 2021 scheduleBetMGM 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.”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.nearest casino branson moIt’s been a week of downgrades for MGM Resorts International (NYSE: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.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.ip casino

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live casino 24 in the Lake Charles area were damaged in the Category 4 hurricane.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.org.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.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.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.free slots games with bonus