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d casino downtown las vegas“To be clear, we believe IAC ownership is a positive for MGM.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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.luckyland slots sign inToo 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.But Bain argues Diller’s company may have paid too much for the privilege.These casinos were closed temporarily but have since reopened, according to Lt.resorts casino online bonus code

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slot casino jackpotThat implies downside from the area at which the stock currently resides.“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.“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 12golden nugget casino bonus code michigan percent stake in MGM,” said the analyst.”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.The boat is not taking on water and is safe, he told Casino.These casinos were closed temporarily but have since reopened, according to Lt.big fish casino banned my account