lake tahoe harrah s or harveys(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 toxford casino gameso .An analyst is concerned about the operator’s exposure to its home city.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.www.coushatta casino“We believe certain operators are structurally better po(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.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).river spirit casino hours

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3dice casino no deposit bonus 2020Raining 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.“We believe certain operators are structurally better poBut 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.wild wild quest casino in the Lake Charles area were damaged in the Category 4 hurricane.MGM is the largest operator on the Strip, deriving half its 2019 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) from that market, according to Bain.The Wynn Macau is pictured above.seneca niagara casino open

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zodiac casino no deposit bonusThat implies downside from the area at which the stock currently resides.“To be clear, we believe IAC ownership is a positive for MGM.Soft air travel, group/event compoxford casino gamesression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.MGM is the largest operator on the Strip, deriving half its 2019 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) from that market, according to Bain.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.nearest louisiana casino