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how to get lucky in rouletteAdditionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.Some investors like Wynn stock due to Asia-Pacific exposure.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.blackjack online el paisShares 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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.The analyst points out that a VIP-led recovery in Macau may not materialize to the extent market observers previously believed, and that could weigh on Wynn equity.big fish casino won t load doubledown casino buy chipsdoubledown casino not workingBut Bain argues Diller’s company may have paid too much for the privilegroyal ace casino free spins no deposite.That’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.1 billion in cash, giving it its strongest balance sheet ever.jackson rancheria indian casino(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 .Without a coronavirus vaccine readBain 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.hard rock casino drink menu online blackjack michiganfree online scatter slotsoyment, owing to the COVID-19 pandemic.1 billion in cash, giving it its strongest balance sheet ever.Namely, Sin City is now highly dependent on leisure travel from neighboring California.“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.Only recently have there been most signs of a pickup in visits.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.casino slot machines poker casino biarritz |