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caesar casino new jersey“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 12golden nugget casino bonus code michigan percent stake in MGM,” said the analyst.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.harrah s casino lake charlesHowever, the riverboat was not structurally damaged and is back in operation as a floating casino.Now, MGM has .That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.admiral casino motherwell

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cashman casino slots freeorg the Isle of Capri’s motor system will require repair work because of the incident.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.An analyst is concerned about the operator’s exposure to its home city.“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 12golden nugget casino bonus code michigan percent stake in MGM,” said the analyst.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.”With convention traffic all but non-existent and leisure travelers from other regions unwilling to fly to Nevada, the Roth analyst points to Sin City’s dependence on the Golden State as a major near-term vulnerability because California’s own economy is struggling and is home to steep unemployment, owing to the COVID-19 pandemic.encore casino red 8

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