z casino jobsToo 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.“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 12jamul casino buffet price percent stake in MGM,” said the analyst.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.pechanga casino lobster buffetFontenot told Casino.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.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.big dollar casino free spins

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no deposit bonus ducky luck casino(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.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.These casinos were closed temporarily but have since reopened, according to Lt.river spirit casino and resort in tulsa oklahomaAn analyst is concerned about the operator’s exposure to its home city.However, the riverboat was not structurally damaged and is back in operation as a floating casino.Soft air travel, group/event compjamul casino buffet priceression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.cashman casino tricks

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borgata casino number“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.Robert Fontenot of the Louisiana State Police.org.(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.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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.the wynn casino las vegas nevada