the island view casinoThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.(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 thard rock casino lake tahoe arcadeo .Fontenot told Casino.play free casino video slot gamesorg.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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.silver oak casino coupon

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kansas star casino events“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.seven feathers casino to crater lakeThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.Fontenot told Casino.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.table games casino covid

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large casino poker tableToo 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 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.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.MGM Grand on the Las Vegas Strip.MGM Grand on the Las Vegas Strip.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.admiral casino phone number