2025.12.16
thunder valley casino poker tournamentsShares 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.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.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.free casino slot games buffaloBut there are issues, there, too.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.1 billion in cash, giving it its strongest balance sheet ever.is harrah s cherokee casino open 24 hours hallmark casino hackvalley forge casino openingNamely, Sin City is now highly dependent on leisure travel from neighboring California.(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 to .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.liberty slots bonus codesBut 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.“To be clear, we believe IAC ownership is a positive for MGM.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, anwhen will island view casino opend the Encore, will account for 22 percent of 2022 EBITDA.coushatta casino dream pool firekeepers casino championshipsoaring eagle casino smoking policyNot Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, anwhen will island view casino opend the Encore, will account for 22 percent of 2022 EBITDA.Namely, Sin City is now highly dependent on leisure travel from neighboring California.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.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.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.black lotus casino customer service jamul casino new members |