river spirit casino and resort“We would expect to see Wynn stock re-rate if Biden wins the presidency.Additionally, 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.Over the near-term, however, there’s a lot riding on the outcome of Tuesday’s US election.red stag online casino instant playAdditionally, 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.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.”Prior to Allen’s call, the last two analyst rating actions on Wynn stock were downgrades.encore casino addreb boston

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online gambling 0 depositBull Case for the PatientMorgan Stanley analyst Thomas Allen lays out a bull case for Wynn stock.3 billion.He notes it’s possible the stock could climb to 5, more than double current levels if 2022 EBITDA comes in at or tops .santa ana casino drive in theaterWe 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.“Adding to its Strip revenue from local play, revenue generation from locals would be ~85 percent of the total.2 billion, more than triple the company’s market capitalization of 6.morongo casino twitter

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mgm grand casino covid“Adding to its Strip revenue from local play, revenue generation from locals would be ~85 percent of the total.That’s slightly ahead of the average Wall Street forecast of about .That, coupled with President Trump’s heavy-handed approach to relations with China, are among the factors weighing on Wynn stock this year.Bonds issued by New Jersey’s Casino Reinvestment Development Authority have been downgraded by Fitch Ratings.That’s worth at least .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.doubledown casino without facebook