5* hard rock hotel casino punta canaIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).“To be clear, we believe IAC ownership is a positive for MGM.Now, MGM has .is island resort and casino open“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 12oxford casino games percent stake in MGM,” said the analyst.However, the riverboat was not structurally damaged and is back in operation as a floating casino.“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.online gambling sites 777

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las atlantis casino location“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.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.That implies downside from the area at which the stock currently resides.free online poker tutorial gameHowever, the riverboat was not structurally damaged and is back in operation as a floating casino.But Bain argues Diller’s company may have paid too much for the privilege.“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 12oxford casino games percent stake in MGM,” said the analyst.viejas casino blackjack

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chinook winds casino busBut Bain argues Diller’s company may have paid too much for the privilege.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.org.The Wynn Macau is pictured above.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.sunset station casino henderson nevada