las vegas online casino real money no depositBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.”Risks mentioned by the Roth analyst include ongoing geopolitical volatility between the US and China, and concession renewal risk for US operators in Macau, among others.“To be clear, we believe IAC ownership is a positive for MGM.encore casino table minimums“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.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.Namely, Sin City is now highly dependent on leisure travel from neighboring California.black lotus casino sign in

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no deposit bonus casino usa 2021That’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.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.the number to cache creek casino“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 12 percent stake in MGM,” said the analyst.Only recently have there been most signs of a pickup in visits.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.bovada free casino games

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ruby slots 50 free chip 2019But 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.“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.“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.“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.Only recently have there been most signs of a pickup in visits.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.yelp jamul casino