pechanga casino commercial”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.MGM Grand on the Las Vegas Strip.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).upcoming concerts soaring eagle casinoThese casinos were closed temporarily but have since reopened, according to Lt.Raining 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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.online casino with no deposit bonus

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viejas casino unionAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness 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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.slot casino online modThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.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 helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.free online slots casino games no download

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wild moose casinoNow, MGM has .Shares of Wynn Resorts (NASDAQ:WYNN) are lower by more than two percent Wednesday after Roth Capital analyst David Bain downgraded the gaming operator, citing, among other factors, risk in the marquee Macau market.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.“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 12hard rock casino lake tahoe arcade percent stake in MGM,” said the analyst.The boat is not taking on water and is safe, he told Casino.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.bovada casino safe