2025.11.08
golden nugget casino gold nuggetToo 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.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.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.free online slot machines quick hitsHowever, the riverboat was not structurally damaged and is back in operation as a floating casino.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.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.lake tahoe casinos with child care resorts casino gamespalace station casino shuttleBut Bain argues Diller’s company may have paid too much for the privilege.Soft air travel, group/event comphard rock casino lake tahoe arcaderession, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.online gambling sportsAn analyst is concerned about the operator’s exposure to its home city.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.Now, MGM has .mohegan sun casino pool roulette royale casino mod apkruby club slots tongits sabong gift codeSoft air travel, group/event comphard rock casino lake tahoe arcaderession, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.The Wynn Macau is pictured above.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.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.cliff castle casino in camp verde party poker online casino nj |