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free casino slots onlineBut 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.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.morongo casino food specialsThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.Only recently have there been most signs of a pickup in visits.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.chumba casino 1 for 60 coushatta casino promo codecoushatta casino kinder laShares 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.Wynn Macau and Wynn Palace, along with the special administrative region’s (SAR) other casinos, were closed for 15 days in February because of the coronavirus pandemic.But 2020 is far from the usual climate for gaming companies.seneca niagara casino youtube1 billion in cash, giving it its strongest balance sheet ever.The Wynn Macau is pictured above.Only recently have there been most signs of a pickup in visits.blackjack gta 5 online casino games freedoubledown casino on facebookBut 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.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau royal ace casino free spins no depositgaming market than Wynn.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.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.(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 readdraftkings casino arizona palace station casino las vegas oyster bar |