riversweeps online casino at homeToo 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.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.Raining on the ParadeIAC getting involved with MGM is much more about the gaming company’s online casinos and BetMGM units than it is about land-based integrated resorts.bellagio casino las vegas phone numberBut 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 downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.Raining on the ParadeIAC getting involved with MGM is much more about the gaming company’s online casinos and BetMGM units than it is about land-based integrated resorts.live casino betting

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free online poker sites play money“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. in the Lake Charles area were damaged in the Category 4 hurricane.These casinos were closed temporarily but have since reopened, according to Lt.30 no deposit bonus casinoThat implies downside from the area at which the stock currently resides.”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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.drake casino live chat

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lucky tiger casino coupon codesNow, MGM has .The boat is not taking on water and is safe, he told Casino.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.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 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.But Bain argues Diller’s company may have paid too much for the privilege.casino near me nj