the river spirit casino tulsaBut 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.But 2020 is far from the usual climate for gaming companies.That implies downside from the area at which the stock currently resides.harveys lake tahoe casino mapSome investors like Wynn stock due to Asia-Pacific exposure.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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.poker casino sofia

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seminole casino petition“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.Only recently have there been most signs of a pickup in visits.“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.little river casino commercialBut 2020 is far from the usual climate for gaming companies.Namely, Sin City is now highly dependent on leisure travel from neighboring California.But Bain sees risks by way of a lack of liquidity among high-end players, new room supply coming to market, and a dearth of Hong Kong dollars flowing into the gaming hub because travel remains limited between the two SARs.encore casino popeye statue

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sycuan casino weatherThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, anlake tahoe casinos mgmd the Encore, will account for 22 percent of 2022 EBITDA.The Wynn Macau is pictured above.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.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.The Wynn Macau is pictured above.gold coast casino voucher