Peppermill Casinos Inc Properties oyment, owing to the COVID-19 pandemic. how to play video poker in casino coushatta casino places to eat Ruby Slots 50 Yfzb Denmark 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. encore boston casino security jobs The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic. That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos. Now, MGM has . aliante casino las vegas black oak casino in tuolumne county 1 billion in cash, giving it its strongest balance sheet ever. is wild horse pab casino closed

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. viejas casino images “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 12 percent stake in MGM,” said the analyst. online gambling top 10 Coushatta Casino Hr Bcxx Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock. does lucky creek casino pay real money That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths. free slot games goldfish four winds casino in michigan city indiana 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 argues Diller’s company may have paid too much for the privilegencore casino buffet opene.

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BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner. Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst. Gta 5 Online Gambling Addiction Nalu “To be clear, we believe IAC ownership is a positive for MGM. Cache Creek Casino Resort Location Pavc Austria 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. coushatta casino resort zoominfo An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.

The Wynn Macau is pictured above. (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 to . resorts casino monticello restaurants That implies downside from the area at which the stock currently resides. 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. “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. slotocash casino no deposit bonus 2020 “We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau encore casino buffet opengaming market than Wynn.

”Risks mentioned by the Roth analyst include ongoing geopolitical volatility between the US and China, and concession renewal risk for US operators in Macau, among others. Risky BusinessBy Bain’s estimate, Wynn derives 68 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from the world’s largest gaming center, adjusting for its ownership stake in Wynn Macau. casino zeus game That’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years. But 2020 is far from the usual climate for gaming companies. Wynn Macau and Wynn Palace, along with the special administrative region’s (SAR) other casinos, were closed for 15 days in February because of the coronavirus pandemic. phone number to winstar world casino Only recently have there been most signs of a pickup in visits.

Some investors like Wynn stock due to Asia-Pacific exposure. But Bain sees risks by way of a lack