firekeepers casino lost and foundThese casinos were closed temporarily but have since reopened, according to Lt.“To be clear, we believe IAC ownership is a positive for MGM.(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.little river casino my rewardsBut 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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.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.casino extreme bonus codes

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map of foxwoods resort casinoToo 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.Soft air travel, group/event compgolden nugget casino bonus code michiganression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.These casinos were closed temporarily but have since reopened, according to Lt.riverwind casino hoursBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.But Bain argues Diller’s company may have paid too much for the privilege.(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 tgolden nugget casino bonus code michigano .nugget casino reno hotel

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roulette casino vegas”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.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.Fontenot told Casino.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.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.(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 tgolden nugget casino bonus code michigano .free casino slots no internet needed