cliff castle casino resortNamely, Sin City is now highly dependent on leisure travel from neighboring California.That implies downside from the area at which the stock currently resides.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, ancasino 5 letter wordsd the Encore, will account for 22 percent of 2022 EBITDA.foxwoods resort casino golf course“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.Namely, Sin City is now highly dependent on leisure travel from neighboring California.But 2020 is far from the usual climate for gaming companies.online casino virginia

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wild casino payoutBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.But there are issues, there, too.“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.four winds casino login“To be clear, we believe IAC ownership is a positive for MGM.(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 .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.where is seven feathers casino located

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hotels in lake tahoe casinosBut its land-based difficulties trump its digital opportunities by a wide margin,” said 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.Some investors like Wynn stock due to Asia-Pacific exposure.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.“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 12 percent stake in MGM,” said the analyst.Some investors like Wynn stock due to Asia-Pacific exposure.mohegan sun casino update