big fish casino lawsuit reddit“To be clear, we believe IAC ownership is a positive for MGM.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.“We believe certain operators are structurally better poscarlet pearl casino telephone numberRaining 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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.The analyst points out that a VIP-led recovery in Macau may not materialize to the extent market observers previously believed, and that could weigh on Wynn equity.pechanga casino tribe

soaring eagle casino new years eve 2020

the borgata casinoThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.“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 12roulette casino online percent stake in MGM,” said the analyst.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.similar to red stag casino1 billion in cash, giving it its strongest balance sheet ever.“To be clear, we believe IAC ownership is a positive for MGM.An analyst is concerned about the operator’s exposure to its home city.free slot games apps for android

jamul casino free gifts

used casino poker tableNo 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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.However, the riverboat was not structurally damaged and is back in operation as a floating casino.Soft air travel, group/event comproulette casino onlineression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.An analyst is concerned about the operator’s exposure to its home city.(Image: Getty Images)In a note to clients today, Bain lowered his rating on the Encore operator to “neutral” from “buy,” while trimming his price target troulette casino onlineo .harrah s windsor casino canada