2025.12.17
scarlet pearl casino sportsbookNot 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.“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.“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.scarlet pearl casino newsWynn Macau and Wynn Palace, along with the special administrative region’s (SAR) other casinos, were closed for 15 days in February because of the coronavirus 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 12 percent stake in MGM,” said the analyst.(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 to .harrah s cherokee casino employment golden palace casino liercaptain jack casino bonus codesOnly recently have there been most signs of a pickup in visits.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.But Bain argues Diller’s company may have paid too much for the privilegisland view casino webcame.free slot games appThe Wynn Macau is pictured above.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau island view casino webcamgaming market than Wynn.twin river casino drawing admiral casino no deposit bonusblack bear casino seating chartBut there are issues, there, too.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.Now, MGM has .Now, MGM has .That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.“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.d heights resort and casino river spirit casino phone number |