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big fish casino updateThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.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. in the Lake Charles area were damaged in the Category 4 hurricane.hard rock casino new orleans1 billion in cash, giving it its strongest balance sheet ever.That implies downside from the area at which the stock currently resides.The Wynn Macau is pictured above.is oxford casino open 24 hours mohegan sun casino poolmy choice casino in mibibippi(Image: Getty Images)In a note to clients today, Bain lowered his rating on the Encore operator to “neutral” from “buy,” while trimming his price target tjamul casino buffet priceo .The boat is not taking on water and is safe, he told Casino.But Bain argues Diller’s company may have paid too much for the privilege.drake casino codes 2021BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.“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.Fontenot told Casino.liberty slots no deposit promo code eldorado casino reno restaurantshack cashman casino unlimited coins glitchBut 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.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.“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.The Wynn Macau is pictured above.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.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.online casino tennebee viejas casino golf course |