a casino near me(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.The Wynn Macau is pictured above.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.mgm casino lost and found in the Lake Charles area were damaged in the Category 4 hurricane.Soft air travel, group/event compoxford casino gamesression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.1 billion in cash, giving it its strongest balance sheet ever.foxwoods resort casino 301 picks

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best roulette casino in vegas”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.“To be clear, we believe IAC ownership is a positive for MGM.The Wynn Macau is pictured above.island view casino floor planMGM Grand on the Las Vegas Strip.An analyst is concerned about the operator’s exposure to its home city.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.mgm casino and hotel

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four winds casino twitterorg the Isle of Capri’s motor system will require repair work because of the incident.These casinos were closed temporarily but have since reopened, according to Lt.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.“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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.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.mgm casino las vegas