casino near york meToo 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.“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.(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 tgolden nugget casino bonus code michigano .hard rock casino in tampaMGM is the largest operator on the Strip, deriving half its 2019 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) from that market, according to Bain.“To be clear, we believe IAC ownership is a positive for MGM.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.free online slots konami

seneca niagara casino allegany

online casino real money no depositThe 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.“To be clear, we believe IAC ownership is a positive for MGM.“We believe certain operators are structurally better powhen was the bellagio casino builtIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).“We believe certain operators are structurally better poNow, MGM has .santa ana casino phone number

wild rose casino in jefferson

roulette table at casino1 billion in cash, giving it its strongest balance sheet ever.Soft air travel, group/event compgolden nugget casino bonus code michiganression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.An analyst is concerned about the operator’s exposure to its home city.The Wynn Macau is pictured above.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.four winds casino app michigan