gold coast casino mibibippiLast month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.“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 12reddit big fish casino percent stake in MGM,” said the analyst.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.oxford casino hampton innThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.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.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.turtle creek casino facebook

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foxwoods casino bookingToo 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.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.Fontenot told Casino.winstar world casino room service menuBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.chumba casino dispute

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boulder station casino poolBetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.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.desert diamond casino map