the borgata casino and spaShares 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. in the Lake Charles area were damaged in the Category 4 hurricane.But Bain argues Diller’s company may have paid too much for the privilege.cliff castle casino sportsbookToo 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.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.“To be clear, we believe IAC ownership is a positive for MGM.sunset station casino table games

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soaring eagle casino outdoor concert rulesBut Bain argues Diller’s company may have paid too much for the privilege.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.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.live casino ukNow, MGM has .MGM Grand on the Las Vegas Strip.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.golden nugget slots

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encore casino everett mabachusetts“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.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.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.MGM Grand on the Las Vegas Strip.turtle lake casino bands