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red stag casino no depositBain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.oyment, owing to the COVID-19 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.cool cat casino no deposit bonus“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau royal ace casino free spins no depositgaming market than Wynn.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.boulder station casino boulder highway hallmark casino promo codes 2020no deposit bonus casino europeThe Wynn Macau is pictured above.Some investors like Wynn stock due to Asia-Pacific exposure.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.downstream casino promo codeSome investors like Wynn stock due to Asia-Pacific exposure.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.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.hotels near scarlet pearl casino pechanga casino weddingthunder valley casino night clubRaining 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.“To be clear, we believe IAC ownership is a positive for MGM.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.But Bain sees risks by way of a lack of liquidity among high-end players, new room supply coming to market, and a dearth of Hong Kong dollars flowing into the gaming hub because travel remains limited between the two SARs.“While structural elements for visitation improvements are advancing, we believe a VIP-led recovery will be less broad-based than many anticipate and carry specific risks,” said Bain.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.free slot games with free coins gold coast casino las vegas restaurants |