lake tahoe casinos harrah sThe 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.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.”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.pechanga casino and resort in temecula californiaBut Bain argues Diller’s company may have paid too much for the privilege.The boat is not taking on water and is safe, he told Casino.The boat is not taking on water and is safe, he told Casino.harrah s cherokee casino hotels near

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riverwind casino hotels nearHowever, the riverboat was not structurally damaged and is back in operation as a floating casino.MGM Grand on the Las Vegas Strip.(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 toxford casino gameso .riverwind casino wild card sign upBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.MGM Grand on the Las Vegas Strip.The boat is not taking on water and is safe, he told Casino.foxwoods resort casino activities

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foxwoods online casino loginToo 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.However, the riverboat was not structurally damaged and is back in operation as a floating casino.That implies downside from the area at which the stock currently resides.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.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.MGM Grand on the Las Vegas Strip.gold coast casino gift shop