island resort and casino constructionThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.(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.But Bain argues Diller’s company may have paid too much for the privilege.downstream casino donation request“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.“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 12roulette casino online percent stake in MGM,” said the analyst.slot machine casino wisconsin

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seneca niagara casino openIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).However, the riverboat was not structurally damaged and is back in operation as a floating casino.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.no deposit bonus codes keep what you winToo 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.That 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.blackjack online pokerstars

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hard rock hotel and casino lake tahoe parkingAdditionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.“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.An analyst is concerned about the operator’s exposure to its home city.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.The Wynn Macau is pictured above.online gambling promotions