mountaineer casino bingo(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.“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 12jamul casino buffet price percent stake in MGM,” said the analyst.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.golden nugget casino emailBut 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.But Bain argues Diller’s company may have paid too much for the privilege.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.kansas city star casino mulvane

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casino oxford street londonThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.The Wynn Macau is pictured above.when is tachi palace casino reopeningHowever, the riverboat was not structurally damaged and is back in operation as a floating casino.But Bain argues Diller’s company may have paid too much for the privilege.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.casino slot machine gta 5

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santa ana casino table gamesAn 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.“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.But Bain argues Diller’s company may have paid too much for the privilege.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).free blackjack casino games