jamul casino to viejas casinoToo 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.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.Soft air travel, group/event compjamul casino buffet priceression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.black oak casino restaurants“To be clear, we believe IAC ownership is a positive for MGM.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.firekeepers casino buffet

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kansas star casino woodfire grill(Image: Ethan Miller/Getty Images)In a note to clients today, Roth Capital analyst David Bain lowered his rating on the Bellagio operator to “neutral” from “buy,” while paring his price forecast on the stock to , implying significant downside from the area at which it currently trades.Soft air travel, group/event compjamul casino buffet priceression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.The Wynn Macau is pictured above.slot casino demoLast month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.Fontenot told Casino.boulder station casino careers

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