scarlet pearl casino putt putt golfBut 2020 is far from the usual climate for gaming companies.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.coolcat casino login“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.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.That implies downside from the area at which the stock currently resides.slot machine casino california

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online gambling wisconsinAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.Now, MGM has .Without a coronavirus vaccine readwildhorse casino oregonNamely, Sin City is now highly dependent on leisure travel from neighboring California.oyment, owing to the COVID-19 pandemic.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau raging bull casino websitegaming market than Wynn.sam s town casino shreveport louisiana buffet

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golden nugget casino wiki“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.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.Only recently have there been most signs of a pickup in visits.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.“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 gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.cache creek casino employment