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four winds casino south bend reviewsBut 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.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.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.blackjack online against othersBut Bain argues Diller’s company may have paid too much for the privileglake tahoe casinos mgme.”Risks mentioned by the Roth analyst include ongoing geopolitical volatility between the US and China, and concession renewal risk for US operators in Macau, among others.“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 12 percent stake in MGM,” said the analyst.used casino roulette table desert diamond casino careersfree online poker indiaBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.But Bain argues Diller’s company may have paid too much for the privileglake tahoe casinos mgme.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.riverwind casino imagesThat implies downside from the area at which the stock currently resides.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.roulette casino gain 0 sycuan casino pokerintertops casino birthday bonus(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 to .Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.Namely, Sin City is now highly dependent on leisure travel from neighboring California.“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.(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 to .sam s town casino shreveport louisiana đa ga live casino 67 |