mgm grand hotel casino tripadvisorAdditionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth 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.track 5 hard rock casino tulsaToo 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.”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.“We believe certain operators are structurally better pois boomtown casino buffet open

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big fish casino chips“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.“We believe certain operators are structurally better poFontenot told Casino.org.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.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.morongo casino instagram