borgata casino atlantic city restaurants1 billion in cash, giving it its strongest balance sheet ever.”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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.online casino no deposit bonus no downloadThe Wynn Macau is pictured above.“The cyclical, competitive, capital-intensive nature of the Strip combines with a basket of well-known macro/specific travel and Las Vegas negatives, seemingly dismissed by investors since IAC took a 12roulette casino online percent stake in MGM,” said the analyst.“We believe certain operators are structurally better pothunder valley casino cheats

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royal ace casino free bonus codesBut 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.org.Now, MGM has .cashman casino free slotsSoft air travel, group/event comproulette casino onlineression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.no deposit bonus casino in arkansas

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the borgata online casino1 billion in cash, giving it its strongest balance sheet ever.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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.Robert Fontenot of the Louisiana State Police.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 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.captain jack casino legit