lucky tiger slots“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.Now, MGM has .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.clearwater casino wenatcheeBut 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 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.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.desert diamond casino owner

harrah s casino buffet kansas city

cliff castle casino concertsBut there are issues, there, too.Some investors like Wynn stock due to Asia-Pacific exposure.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.big fish casino symbols“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.“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.Namely, Sin City is now highly dependent on leisure travel from neighboring California.casino resorts yuma az

thunder valley casino arcade

hallmark online casino loginBut 2020 is far from the usual climate for gaming companies.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.Shares 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.But there are issues, there, too.But there are issues, there, too.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.my choice online gambling