poker casino sitesNo 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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.black bear casino foodThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.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.That’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.mgm casino downtown detroit

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casino upstate new yorkNo 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 Wynn Macau is pictured above.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.luckyland casino androidThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.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.No 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.raging bull casino promo codes

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chinook winds casino breakfast buffetAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.But 2020 is far from the usual climate for gaming companies.1 billion in cash, giving it its strongest balance sheet ever.Risky BusinessBy Bain’s estimate, Wynn derives 68 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from the world’s largest gaming center, adjusting for its ownership stake in Wynn Macau.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.That implies downside from the area at which the stock currently resides.caesar casino columbus ohio