hollywood casino promotions(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 .But 2020 is far from the usual climate for gaming companies.Some investors like Wynn stock due to Asia-Pacific exposure.v power casinoBut there are issues, there, too.(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 .(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 .kansas star casino and hotel

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nearest casino branson moShares 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 sees risks by way of a lack of liquidity among high-end players, new room supply coming to market, and a dearth of Hong Kong dollars flowing into the gaming hub because travel remains limited between the two SARs.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.casino near me dallas texasRisky BusinessBy Bain’s estimate, Wynn derives 68 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from the world’s largest gaming center, adjusting for its ownership stake in Wynn Macau.”Risks mentioned by the Roth analyst include ongoing geopolitical volatility between the US and China, and concession renewal risk for US operators in Macau, among others.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.free caesars casino coins

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how to withdraw from casinoWithout a coronavirus vaccine read(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 .“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau raging bull casino websitegaming market than Wynn.That implies downside from the area at which the stock currently resides.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.That’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.cashman casino 2 million coins