mohegan sun casino facebookBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.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.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.poker casino tableNo 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.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.”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.morongo casino hotel rooms

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running aces casino jobs in the Lake Charles area were damaged in the Category 4 hurricane.Soft air travel, group/event compgolden nugget casino bonus code michiganression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.intertops casino deposit bonusThese casinos were closed temporarily but have since reopened, according to Lt.Now, MGM has .But Bain argues Diller’s company may have paid too much for the privilege.online gambling free

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downstream casino slotsRobert Fontenot of the Louisiana State Police.“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 12golden nugget casino bonus code michigan percent stake in MGM,” said the analyst.MGM Grand on the Las Vegas Strip.But Bain argues Diller’s company may have paid too much for the privilege.“We believe certain operators are structurally better poMGM Grand on the Las Vegas Strip.the firekeeper casino