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miami club casino.iThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.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.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.sycuan casino diningBetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.The Wynn Macau is pictured above.(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.5 free slot games

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river spirit casino eventsHowever, the riverboat was not structurally damaged and is back in operation as a floating casino.These casinos were closed temporarily but have since reopened, according to Lt.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.gold coast casino elko nvFontenot told 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 12reddit big fish casino percent stake in MGM,” said the analyst.An analyst is concerned about the operator’s exposure to its home city.downstream casino valet

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casino 93 jackpot nevadaThat implies downside from the area at which the stock currently resides.MGM Grand on the Las Vegas Strip.The boat is not taking on water and is safe, he told Casino.1 billion in cash, giving it its strongest balance sheet ever.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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.ruby slots promotions

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