hollywood casino dayton ohBetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.“We believe certain operators are structurally better poBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.river spirit casino weddingAdditionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.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.chukchansi casino bus trips

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no deposit code for royal ace casinoBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.Soft air travel, group/event compgolden nugget casino bonus code michiganression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.Fontenot told Casino.quechan casino table games“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.“We believe certain operators are structurally better popoker parx casino

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the harrah s casino in laughlin“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 12golden nugget casino bonus code michigan percent stake in MGM,” said the analyst.”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.But Bain argues Diller’s company may have paid too much for the privilege.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.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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.events at mohegan sun casino