riverwind casino covid 19BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.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.(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.free casino slot poker gamesNo 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.Robert Fontenot of the Louisiana State Police.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.hallmark casino lobby

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blackjack star casinoThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.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 boat is not taking on water and is safe, he told Casino.lucky dragon netThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.Too 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.That implies downside from the area at which the stock currently resides.4 crowns casino no deposit bonus

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river spirit casino mapAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.But Bain argues Diller’s company may have paid too much for the privilege.An analyst is concerned about the operator’s exposure to its home city.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.However, the riverboat was not structurally damaged and is back in operation as a floating casino.raging bull casino phone number