island resort and casino promo code“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.“To be clear, we believe IAC ownership is a positive for MGM.hollywood casino 400 start timeBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.An analyst is concerned about the operator’s exposure to its home city.free slot games cash frenzy

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roulette wheel casino tableThese casinos were closed temporarily but have since reopened, according to Lt.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.An analyst is concerned about the operator’s exposure to its home city.twin river casino coupons“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 12hard rock casino lake tahoe arcade percent stake in MGM,” said the analyst.Raining 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.”With convention traffic all but non-existent and leisure travelers from other regions unwilling to fly to Nevada, the Roth analyst points to Sin City’s dependence on the Golden State as a major near-term vulnerability because California’s own economy is struggling and is home to steep unemployment, owing to the COVID-19 pandemic.golden nugget casino destin fl

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jamul casino fireNo 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.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.However, the riverboat was not structurally damaged and is back in operation as a floating casino.”With convention traffic all but non-existent and leisure travelers from other regions unwilling to fly to Nevada, the Roth analyst points to Sin City’s dependence on the Golden State as a major near-term vulnerability because California’s own economy is struggling and is home to steep unemployment, owing to the COVID-19 pandemic.“We believe certain operators are structurally better po“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.gold coast casino reservations