sunset station hotel casino expediaThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).bicycle casino xbox“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.Fontenot told Casino.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.raging bull casino free chips

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ruby slots quickie boostAn analyst is concerned about the operator’s exposure to its home city.“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 12jamul casino buffet price percent stake in MGM,” said the analyst.”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.seneca niagara casino job applicationBut 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.The Wynn Macau is pictured above.“To be clear, we believe IAC ownership is a positive for MGM.online gambling kuwait

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chumba casino 1Now, MGM has .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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.org the Isle of Capri’s motor system will require repair work because of the incident.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.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.7 casino online