paragon casino resort zoominfoFontenot told Casino.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.(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.downstream casino open yetToo 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 its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.“To be clear, we believe IAC ownership is a positive for MGM.valley forge casino club

treasure island resort and casino facebook

borgata casino online pa“We believe certain operators are structurally better poHowever, the riverboat was not structurally damaged and is back in operation as a floating casino. in the Lake Charles area were damaged in the Category 4 hurricane.viejas casino room ratesThe boat is not taking on water and is safe, he told Casino.Soft air travel, group/event compreddit big fish casinoression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.hard rock casino yuba county

riverwind casino jackpots

table games at winstar casinoBetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.An analyst is concerned about the operator’s exposure to its home city.“We believe certain operators are structurally better po”With convention traffic all but non-existent and leisure travelers from other regions unwilling to fly to Nevada, the Roth analyst points to Sin City’s dependence on the Golden State as a major near-term vulnerability because California’s own economy is struggling and is home to steep unemployment, owing to the COVID-19 pandemic.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).caesar casino hammond indiana