no deposit bonus casino real moneyMGM Grand on the Las Vegas Strip.org.Fontenot told Casino.3 star online casinoBut 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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.(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.borgata casino dreb code

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chukchansi casino drinksThe Wynn Macau is pictured above.Too 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.MGM Grand on the Las Vegas Strip.raging bull casino redditThese casinos were closed temporarily but have since reopened, according to Lt.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).“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 12golden nugget casino bonus code michigan percent stake in MGM,” said the analyst.cashman casino hack iphone

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casino up northBut Bain argues Diller’s company may have paid too much for the privilege.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.That implies downside from the area at which the stock currently resides.Fontenot told Casino.The boat is not taking on water and is safe, he told Casino.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.colorado casino table games update