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admiral casino edinburghNamely, Sin City is now highly dependent on leisure travel from neighboring California.But Bain argues Diller’s company may have paid too much for the privilegwhen will island view casino opene.But there are issues, there, too.coushatta casino carnival(Image: Getty Images)In a note to clients today, Bain lowered his rating on the Encore operator to “neutral” from “buy,” while trimming his price target to .Namely, Sin City is now highly dependent on leisure travel from neighboring California.Some investors like Wynn stock due to Asia-Pacific exposure.double down casino won t load on ipad

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golden palace casino 50 free spinsRisky 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.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.“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 12 percent stake in MGM,” said the analyst.Namely, Sin City is now highly dependent on leisure travel from neighboring California.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.Now, MGM has .coushatta casino youtube