mgm casino las vegasThat’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau island view casino webcamgaming market than Wynn.oyment, owing to the COVID-19 pandemic.cliff castle casino hotel reservations”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.But 2020 is far from the usual climate for gaming companies.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.live casino job fair

is the santa ana casino open

intertops clabic casino promotionsBut 2020 is far from the usual climate for gaming companies.That implies downside from the area at which the stock currently resides.Namely, Sin City is now highly dependent on leisure travel from neighboring California.soaring eagle casino pool“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.Bain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.wild tokyo casino no deposit bonus

riverwind casino promotions

morongo casino new years eve 2020That implies downside from the area at which the stock currently resides.But Bain sees risks by way of a lack of liquidity among high-end players, new room supply coming to market, and a dearth of Hong Kong dollars flowing into the gaming hub because travel remains limited between the two SARs.That’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, anisland view casino webcamd the Encore, will account for 22 percent of 2022 EBITDA.Bain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.Shares 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.is online poker legal