downstream casino online(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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.1 billion in cash, giving it its strongest balance sheet ever.choctaw casino fort smith arkansasNow, MGM has .Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.ruby slots no deposit bonus codes 2021 august

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seminole casino 4th of july“To be clear, we believe IAC ownership is a positive for MGM.org.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.casino extreme payoutAn analyst is concerned about the operator’s exposure to its home city.“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.Robert Fontenot of the Louisiana State Police.golden nugget casino 200 free spins no deposit

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running aces casino poker roomMGM Grand on the Las Vegas Strip.org.”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.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).That implies downside from the area at which the stock currently resides.An analyst is concerned about the operator’s exposure to its home city.slot empire casino