sunset station hotel and casino resort fee(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 .Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau when will island view casino opengaming market than Wynn.chinook winds casino fireThe Wynn Macau is pictured above.The Wynn Macau is pictured above.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.h casino games

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how large is winstar casinoThe Wynn Macau is pictured above.Namely, Sin City is now highly dependent on leisure travel from neighboring California.But 2020 is far from the usual climate for gaming companies.riverwind casino buffetThat implies downside from the area at which the stock currently resides.oyment, owing to the COVID-19 pandemic.Some investors like Wynn stock due to Asia-Pacific exposure.black hawk colorado casino jobs

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nearest casino hartford ctoyment, owing to the COVID-19 pandemic.Namely, Sin City is now highly dependent on leisure travel from neighboring California.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, anwhen will island view casino opend the Encore, will account for 22 percent of 2022 EBITDA.“To be clear, we believe IAC ownership is a positive for MGM.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.Bain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.chumba casino jackpot winners