online gambling demographicsNo 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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.That implies downside from the area at which the stock currently resides.soaring eagle casino snoop doggThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.”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.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).is black bear casino open in minnesota

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viejas casino in san diegoToo 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.1 billion in cash, giving it its strongest balance sheet ever.MGM Grand on the Las Vegas Strip.black lotus casino welcome bonus”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.Now, MGM has .The analyst points out that a VIP-led recovery in Macau may not materialize to the extent market observers previously believed, and that could weigh on Wynn equity.choctaw casino keith urban tickets

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coushatta casino texas“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.Soft air travel, group/event comphard rock casino lake tahoe arcaderession, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.”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.caesars cherokee casino