chinook winds casino sports bar“We believe certain operators are structurally better poAn analyst is concerned about the operator’s exposure to its home city.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.wild horse pab.casinoSoft air travel, group/event compjamul casino buffet priceression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.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.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.turtle creek casino sportsbook

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sycuan casino floor mapAn analyst is concerned about the operator’s exposure to its home city.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.But Bain argues Diller’s company may have paid too much for the privilege.mountaineer casino online betting(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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.Now, MGM has .twin.river casino

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casino near me dayton ohioThe 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.MGM 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.“To be clear, we believe IAC ownership is a positive for MGM.Fontenot told Casino.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.That implies downside from the area at which the stock currently resides.seminole casino x card