angel of the winds casino expansion(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.“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.However, the riverboat was not structurally damaged and is back in operation as a floating casino.scarlet pearl casino crab legsRaining 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.“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.”With convention traffic all but non-existent and leisure travelers from other regions unwilling to fly to Nevada, the Roth analyst points to Sin City’s dependence on the Golden State as a major near-term vulnerability because California’s own economy is struggling and is home to steep unemployment, owing to the COVID-19 pandemic.who owns big dollar casino

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atlantis las vegas casino budapestThe Wynn Macau is pictured above.Soft air travel, group/event comphard rock casino lake tahoe arcaderession, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.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.four winds casino in dowagiac michiganAn analyst is concerned about the operator’s exposure to its home city.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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.borgata casino deposit bonus

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lucky tiger casino withdrawalThe 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.An analyst is concerned about the operator’s exposure to its home city.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.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.org.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.online casino job hiring