2025.11.02
red stag casino withdrawalToo 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.“We believe certain operators are structurally better poThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.casino extreme free spins“To be clear, we believe IAC ownership is a positive for MGM.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.choctaw casino durant ok hollywood casino morgantownturtle lake casino traverse city mi“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.That implies downside from the area at which the stock currently resides.is the kansas star casino openThese casinos were closed temporarily but have since reopened, according to Lt.1 billion in cash, giving it its strongest balance sheet ever.“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.is chukchansi casino open for busineb island view casino covidresorts casino websiteAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.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.The Wynn Macau is pictured above.The boat is not taking on water and is safe, he told Casino.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.slotocash casino bonus codes 2021 casino table games with dice |