clearwater casino barThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.But 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.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.chinook winds casino closure“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.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.But Bain argues Diller’s company may have paid too much for the privilege.twin river casino entrances

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sunset station casino cafe menuorg.The Wynn Macau is pictured above.But Bain argues Diller’s company may have paid too much for the privilege.how to get a chumba casino cardThat’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.“We believe certain operators are structurally better pohard rock casino jacksonville fl

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brian christopher slots youtube live streamThe 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.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).The Wynn Macau is pictured above.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).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 is concerned about the operator’s exposure to its home city.turtle lake casino loverboy