lake tahoe casinos openAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.But 2020 is far from the usual climate for gaming companies.free slots just for fun onlyRisky 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.But 2020 is far from the usual climate for gaming companies.But there are issues, there, too.casino los angeles

pechanga casino new years

blackjack online riggedRaining on the ParadeIAC getting involved with MGM is much more about the gaming company’s online casinos and BetMGM units than it is about land-based integrated resorts.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.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau royal ace casino free spins no depositgaming market than Wynn.free credit slot game 2021“To be clear, we believe IAC ownership is a positive for MGM.Namely, Sin City is now highly dependent on leisure travel from neighboring California.“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.angel of the winds casino dining

desert diamond casino valet

kansas star casino events 2019That’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.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.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.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, anroyal ace casino free spins no depositd 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.similar to red stag casino