seneca niagara casino lost and foundToo 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.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.(Image: Ethan Miller/Getty Images)In a note to clients today, Roth Capital analyst David Bain lowered his rating on the Bellagio operator to “neutral” from “buy,” while paring his price forecast on the stock to , implying significant downside from the area at which it currently trades.hard rock casino myrtle beachThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.The boat is not taking on water and is safe, he told Casino.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.restaurants in wynn casino las vegas

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harrah s casino french quarter”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.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).“We believe certain operators are structurally better pono deposit bonus casino maxHowever, the riverboat was not structurally damaged and is back in operation as a floating casino.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.hallmark casino no deposit bonus codes 2021

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morongo casino poker roomFontenot told Casino.“To be clear, we believe IAC ownership is a positive for MGM.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.MGM Grand on the Las Vegas Strip.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.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.free casino slot games offline