foxwoods tower casinoAdditionally, as one of six license holders in Maryland, the company is likely to benefit from what’s expected to be easy approval of sports wagering there on Election Day.We upgrade Wynn as we see 1) an upcoming operating inflection with further upside post-COVID, 2) overblown concerns about Macau high-end, & 3) a positive catalyst if Biden wins, all at an attractive valuation,” according to Morgan Stanley.60 a share to Golden equity, says Bain.poker casino enthe US and China, would at least help mitigate the extreme bear case that WYNN’s concession would not be renewed,” the analyst said.Shares of the Encore Boston Harbor operator are lower by almost 48 percent year-to-date but are up more than three percent with the help of the Morgan Stanley upgrade.That’s because the gaming company depends on Macau for 75 percent or more of its earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue in normal quarters.golden nugget casino uk

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nearest casino near atlanta gaThe Wynn Macau integrated resort.The bank anoints Wynn stock as its new favored cyclical idea.As such, in advance of tomorrow’s US elections, some gaming analysts are saying a victory by former Vice President and Democratic nominee Joe Biden will benefit Macau operators, including Wynn.restaurants near running aces casinoHe said there’s also potential with the company’s small, but growing, sports wagering operation.”The downgrade of CRDA’s luxury tax revenue bonds to ‘BBB’ from ‘BBB+’ reflects the severity of pledged revenue declines in 2020, the likely slow trajectory of the recovery for casino and other entertainment activity in Atlantic City, and thus luxury tax receipts, and the resulting higher vIt’s rallying on the back of an upgrade by Morgan Stanley.call valley forge casino

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desert diamond casino players clubWe upgrade Wynn as we see 1) an upcoming operating inflection with further upside post-COVID, 2) overblown concerns about Macau high-end, & 3) a positive catalyst if Biden wins, all at an attractive valuation,” according to Morgan Stanley.He said there’s also potential with the company’s small, but growing, sports wagering operation.“Adding to its Strip revenue from local play, revenue generation from locals would be ~85 percent of the total.Wynn Resorts (NASDAQ:WYNN) is starting November on a strong note.Electoral ImplicationsIn the wake of the coronavirus pandemic, operators with exposure to Macau continue struggling, as visits to the world’s largest gaming center remain slack, pinching gross gaming revenue (GGR) in the process.It’s rallying on the back of an upgrade by Morgan Stanley.casino 29