encore casino masksThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.Too 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.Shares of Wynn Resorts (NASDAQ:WYNN) are lower by more than two percent Wednesday after Roth Capital analyst David Bain downgraded the gaming operator, citing, among other factors, risk in the marquee Macau market.clearwater casino campingLast month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.But Bain argues Diller’s company may have paid too much for the privilege.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).online casino xrp

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borgata casino loginThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).However, the riverboat was not structurally damaged and is back in operation as a floating casino.xplaybet casino no deposit bonus(Image: Getty Images)In a note to clients today, Bain lowered his rating on the Encore operator to “neutral” from “buy,” while trimming his price target tjamul casino buffet priceo .An analyst is concerned about the operator’s exposure to its home city.org.what casinos pay the best in vegas

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doubledown casino sharesToo 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.An analyst is concerned about the operator’s exposure to its home city.”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.1 billion in cash, giving it its strongest balance sheet ever.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.That implies downside from the area at which the stock currently resides.is pechanga casino pool open