is black oak casino open noworg.(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.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.river spirit casino rv parking1 billion in cash, giving it its strongest balance sheet ever.The boat is not taking on water and is safe, he told Casino.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.ebay casino slot machine

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coolcat casino bonus codeFontenot told Casino.But Bain argues Diller’s company may have paid too much for the privilege.Now, MGM has .viejas casino veganRaining on the ParadeIAC getting involved with MGM is much more about the gaming company’s online casinos and BetMGM units than it is about land-based integrated resorts.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.But Bain argues Diller’s company may have paid too much for the privilege.downstream casino miami ok

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online casino zodiacBut 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.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.But Bain argues Diller’s company may have paid too much for the privilege.“To be clear, we believe IAC ownership is a positive for MGM.“We believe certain operators are structurally better poBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.wild joker casino no deposit codes 2021