firekeepers casino slot machinesMGM 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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.island resort and casino entertainment scheduleThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.But Bain is concerned that the lack of real estate levers to pull means the operator is too levered to Las Vegas, and investors may be overlooking that risk.(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.illinois online casino no deposit bonus

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sycuan casino job openingsThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.These casinos were closed temporarily but have since reopened, according to Lt.Soft air travel, group/event compjamul casino buffet priceression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.blackjack best casino onlineRobert Fontenot of the Louisiana State Police.An analyst is concerned about the operator’s exposure to its home city.“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.free slots x2

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boulder station casinosBut Bain is concerned that the lack of real estate levers to pull means the operator is too levered to Las Vegas, and investors may be overlooking that risk.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.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.Fontenot told Casino.However, the riverboat was not structurally damaged and is back in operation as a floating casino.The Wynn Macau is pictured above.2 deck blackjack online free