lake tahoe casino montbleu“While structural elements for visitation improvements are advancing, we believe a VIP-led recovery will be less broad-based than many anticipate and carry specific risks,” said Bain.MGM Grand on the Las Vegas Strip.(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.black hawk casino 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.These casinos were closed temporarily but have since reopened, according to Lt.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.lucky creek casino deposit bonus codes 2021

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lake tahoe casino promotions“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.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.online casino jackpotThat implies downside from the area at which the stock currently resides.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.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.silver oak casino promo codes

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free online slots games for fun no downloadThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.Fontenot told Casino.(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 toxford casino gameso .An analyst is concerned about the operator’s exposure to its home city.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.org.events at valley forge casino