jamulcasino.comLast month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.But there are issues, there, too.“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.clearwater casino hotel phone numberBut 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 because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau casino 5 letter wordsgaming market than Wynn.admiral casino london

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hollywood casino waveland msWynn Macau and Wynn Palace, along with the special administrative region’s (SAR) other casinos, were closed for 15 days in February because of the coronavirus pandemic.Last 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.chukchansi casino food giveaway“To be clear, we believe IAC ownership is a positive for MGM.”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.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.cache creek casino directions

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b casino no deposit bonus“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.Without a coronavirus vaccine read“To be clear, we believe IAC ownership is a positive for MGM.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.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.blackjack 888 casino