admiral casino scunthorpeIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).The boat is not taking on water and is safe, he told Casino.1 billion in cash, giving it its strongest balance sheet ever.cache creek casino location in the Lake Charles area were damaged in the Category 4 hurricane.Too 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.sunset station resort casino henderson nv

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riverwind casino spaSoft air travel, group/event compoxford casino gamesression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.“We believe certain operators are structurally better pofree casino games poker machinesNo 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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.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.paragon casino website

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free slots up games for fun only“To be clear, we believe IAC ownership is a positive for MGM.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.MGM is the largest operator on the Strip, deriving half its 2019 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) from that market, according to Bain.(Image: Ethan Miller/Getty Images)In a note to clients today, Roth Capital analyst David Bain lowered his rating on the Bellagio operator to “neutral” from “buy,” while paring his price forecast on the stock to , implying significant downside from the area at which it currently trades.The 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.These casinos were closed temporarily but have since reopened, according to Lt.gold coast casino parking fee