2025.11.07
boulder station casino las vegas nevadaorg.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.“To be clear, we believe IAC ownership is a positive for MGM.scarlet pearl casino putt putt golfLast month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.desert diamond casino job fair downstream casino joplin age limittable mountain casino poker roomThe 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.”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.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.hard rock casino miamiThat implies downside from the area at which the stock currently resides.However, the riverboat was not structurally damaged and is back in operation as a floating casino.org the Isle of Capri’s motor system will require repair work because of the incident.treasure island resort and casino in las vegas is downstream casino open on christmasblack lotus casino free codesSoft air travel, group/event compreddit big fish casinoression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.These casinos were closed temporarily but have since reopened, according to Lt.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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.intertops casino.com mountaineer casino mask policy |