gold coast casino cornerstoneThe 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.An 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.seminole casino tampa careersToo 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.But Bain argues Diller’s company may have paid too much for the privilege.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.casino resorts nyc

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gold coast casino monorail(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 troulette casino onlineo .”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.“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 12roulette casino online percent stake in MGM,” said the analyst.turtle creek casino williamsburgAn analyst is concerned about the operator’s exposure to its home city.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.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.twin river casino table minimums

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admiral casino mk onlineToo 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.“To be clear, we believe IAC ownership is a positive for MGM.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.But Bain argues Diller’s company may have paid too much for the privilege.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.“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 12roulette casino online percent stake in MGM,” said the analyst.choctaw casino 2020