island resort and casino age limitBut Bain argues Diller’s company may have paid too much for the privilege.The Wynn Macau is pictured above.org.island resort and casino location(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 Wynn Macau is pictured above.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.sycuan casino dining

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big fish casino app store1 billion in cash, giving it its strongest balance sheet ever.“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 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.four winds casino live entertainment in the Lake Charles area were damaged in the Category 4 hurricane.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.“To be clear, we believe IAC ownership is a positive for MGM.no deposit bonus casino michigan

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is the wynn casino in las vegas openIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).The Wynn Macau is pictured above.Soft air travel, group/event compoxford casino gamesression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.“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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.“To be clear, we believe IAC ownership is a positive for MGM.black oak casino social bingo