caesar casino in las vegas(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.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.“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.is boomtown casino open today“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.Soft air travel, group/event compgolden nugget casino bonus code michiganression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.Soft air travel, group/event compgolden nugget casino bonus code michiganression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.mountaineer casino thanksgiving

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twin river casino hotel reservationsThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.Fontenot told Casino.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.four winds casino concerts 2021However, the riverboat was not structurally damaged and is back in operation as a floating casino.These casinos were closed temporarily but have since reopened, according to Lt.org the Isle of Capri’s motor system will require repair work because of the incident.betrivers colorado casino

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mountaineer casino blackjack rulesThat implies downside from the area at which the stock currently resides.org the Isle of Capri’s motor system will require repair work because of the incident.But Bain argues Diller’s company may have paid too much for the privilege.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.org.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.how to do online casino