free online poker lebonsBut Bain argues Diller’s company may have paid too much for the privilegwhen will island view casino opene.“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.“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.blackjack online nyNo 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.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.gold coast casino near las vegas nv

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harrah s vs hard rock lake tahoeoyment, owing to the COVID-19 pandemic.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.Risky BusinessBy Bain’s estimate, Wynn derives 68 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from the world’s largest gaming center, adjusting for its ownership stake in Wynn Macau.wynn casino las vegas phone numberBut Bain argues Diller’s company may have paid too much for the privilegwhen will island view casino opene.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau when will island view casino opengaming market than Wynn.Namely, Sin City is now highly dependent on leisure travel from neighboring California.controls at the bellagio casino resort case study

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casino games free online poker playoyment, owing to the COVID-19 pandemic.“To be clear, we believe IAC ownership is a positive for MGM.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.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.Namely, Sin City is now highly dependent on leisure travel from neighboring California.oyment, owing to the COVID-19 pandemic.doubledown casino chips