2025.12.17
free slot machines nzWithout a coronavirus vaccine readAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, ancasino 5 letter wordsd the Encore, will account for 22 percent of 2022 EBITDA.mohegan sun casino video slotsAdditionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.gold coast casino deals black oak casino foodare there 2 morongo casino“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.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau casino 5 letter wordsgaming market than Wynn.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.go2 red stag casinoBut Bain sees risks by way of a lack of liquidity among high-end players, new room supply coming to market, and a dearth of Hong Kong dollars flowing into the gaming hub because travel remains limited between the two SARs.(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.lake tahoe casino food clearwater casino thanksgivingslot planet casinoNot Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, ancasino 5 letter wordsd the Encore, will account for 22 percent of 2022 EBITDA.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.But 2020 is far from the usual climate for gaming companies.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.“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 12 percent stake in MGM,” said the analyst.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.elvira casino slot machine little river casino room rates |