wild water king casinoThe Wynn Macau is pictured above.Without a coronavirus vaccine readNamely, Sin City is now highly dependent on leisure travel from neighboring California.mgm casino and hotelThat’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.(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 .But there are issues, there, too.wild wild quest casino

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hard rock casino menuThe Wynn Macau is pictured above.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.That implies downside from the area at which the stock currently resides.live casino football picksThe Wynn Macau is pictured above.That’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.Namely, Sin City is now highly dependent on leisure travel from neighboring California.doubledown casino 100 000 free chips

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borgata casino floor map“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.”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.But 2020 is far from the usual climate for gaming companies.Only recently have there been most signs of a pickup in visits.Namely, Sin City is now highly dependent on leisure travel from neighboring California.”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.firekeepers casino golf