hotel y casino near meThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.Risky BusinessBy Bain’s estimate, Wynn derives 68 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from the world’s largest gaming center, adjusting for its ownership stake in Wynn Macau.1 billion in cash, giving it its strongest balance sheet ever.admiral casino peterboroughBut Bain argues Diller’s company may have paid too much for the privilegroyal ace casino free spins no deposite.“To be clear, we believe IAC ownership is a positive for MGM.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.my choice casino sign in

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video poker games at the casinoAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.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.“The cyclical, competitive, capital-intensive nature of the Strip combines with a basket of well-known macro/specific travel and Las Vegas negatives, seemingly dismissed by investors since IAC took a 12 percent stake in MGM,” said the analyst.best fanduel casino game redditThe Wynn Macau is pictured above.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.”Risks mentioned by the Roth analyst include ongoing geopolitical volatility between the US and China, and concession renewal risk for US operators in Macau, among others.d casino and hotel

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harrah s cherokee casino live table gamesThe 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.Namely, Sin City is now highly dependent on leisure travel from neighboring California.Namely, Sin City is now highly dependent on leisure travel from neighboring California.“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.oyment, owing to the COVID-19 pandemic.“To be clear, we believe IAC ownership is a positive for MGM.encore casino stores