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winstar world casino diningToo 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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.twin river casino tivertonLast month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.org.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.sam s town casino in bobier city

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poker party casinoThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.MGM Grand on the Las Vegas Strip.“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.The boat is not taking on water and is safe, he told Casino.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.casino zagreb poker