2025.11.03
black bear casino mn concertsNo 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.“We believe certain operators are structurally better poThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.black hawk casino openIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).(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 thard rock casino lake tahoe arcadeo .Fontenot told Casino.blackjack online tips cashman casino slotwinstar world casino and resort texas“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.Robert Fontenot of the Louisiana State Police.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.slot machine casino onlineBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.The boat is not taking on water and is safe, he told Casino.Raining on the ParadeIAC getting involved with MGM is much more about the gaming company’s online casinos and BetMGM units than it is about land-based integrated resorts.cashman casino bonus codes riversweeps online casino bet777casino 66 buffet hoursBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.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.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.These casinos were closed temporarily but have since reopened, according to Lt.mgm grand gambling morongo casino lazy river |