luckyland slots updateSome investors like Wynn stock due to Asia-Pacific exposure.“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.Namely, Sin City is now highly dependent on leisure travel from neighboring California.ruby slots casinoNot Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, anraging bull casino websited the Encore, will account for 22 percent of 2022 EBITDA.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau raging bull casino websitegaming market than Wynn.big fish casino gold bars

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latest liberty slots no deposit bonusShares 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.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.But 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.doubledown casino diamond club codesSome investors like Wynn stock due to Asia-Pacific exposure.”Risks mentioned by the Roth analyst include ongoing geopolitical volatility between the US and China, and concession renewal risk for US operators in Macau, among others.Namely, Sin City is now highly dependent on leisure travel from neighboring California.chukchansi casino security

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1p roulette casinoBut 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.That’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.That implies downside from the area at which the stock currently resides.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.“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.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.hard rock casino employment