chumba casino best slotBut 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.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.soaring eagle casino scheduleIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.”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.casino near me utah

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is harrah s casino in ione openFontenot told Casino.The Wynn Macau is pictured above.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.viejas casino events calendar(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 toxford casino gameso .BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.However, the riverboat was not structurally damaged and is back in operation as a floating casino.intertops casino mobile

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are casinos open in ohioMGM is the largest operator on the Strip, deriving half its 2019 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) from that market, according to Bain.“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 12oxford casino games percent stake in MGM,” said the analyst.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.But 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.”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.Soft air travel, group/event compoxford casino gamesression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.caesar casino vegas