chinook winds casino non smokingRaining 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.Now, MGM has .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.is turtle lake casino open on christmas dayLast month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.That’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.Without a coronavirus vaccine readborgata casino promo code 2021

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boomtown casino shreveport eventsBut 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.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.“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.borgata casino event center tickets“To be clear, we believe IAC ownership is a positive for MGM.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.”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.is live casino open

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seneca niagara casino mobile appWithout a coronavirus vaccine readBut there are issues, there, too.But 2020 is far from the usual climate for gaming companies.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.Without a coronavirus vaccine read“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.what does double zero payout in roulette