blackjack online browserBetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.(Image: Ethan Miller/Getty Images)In a note to clients today, Roth Capital analyst David Bain lowered his rating on the Bellagio operator to “neutral” from “buy,” while paring his price forecast on the stock to , implying significant downside from the area at which it currently trades.“We believe certain operators are structurally better poencore casino up for saleThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.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.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.draftkings casino st louis

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free casino slots sugar highBut 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.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.“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.las atlantis casino online legitThe Wynn Macau is pictured above.Raining on the ParadeIAC getting involved with MGM is much more about the gaming company’s online casinos and BetMGM units than it is about land-based integrated resorts.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.download club player casino

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free slots just for funIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.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.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).Fontenot told Casino.gta v casino blackjack glitch