free slots 3dIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).Now, MGM has .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.wild horse pab casino gambling ageLast month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.casino f b

seven feathers casino resort

palace station casino shuttleAn analyst is concerned about the operator’s exposure to its home city.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.“While structural elements for visitation improvements are advancing, we believe a VIP-led recovery will be less broad-based than many anticipate and carry specific risks,” said Bain.downstream casino winnersFontenot told Casino.MGM is the largest operator on the Strip, deriving half its 2019 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) from that market, according to Bain.“To be clear, we believe IAC ownership is a positive for MGM.is the buffet open at foxwoods casino

intertops casino.com

www san manuel online casino“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.That implies downside from the area at which the stock currently resides.The Wynn Macau is pictured above.”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.But Bain argues Diller’s company may have paid too much for the privilege.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.is ruby slots legit