mgm casino new orleansAn analyst is concerned about the operator’s exposure to its home city.(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.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.poker casino glasgow1 billion in cash, giving it its strongest balance sheet ever.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.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.jamul casino employment

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firekeepers casino coupon code“To be clear, we believe IAC ownership is a positive for MGM.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.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.dr slot casino free spins“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.These casinos were closed temporarily but have since reopened, according to Lt.island resort and casino food

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choctaw casino swim up barRaining 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.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.Robert Fontenot of the Louisiana State Police.1 billion in cash, giving it its strongest balance sheet ever.1 billion in cash, giving it its strongest balance sheet ever.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.firekeepers casino las vegas