owner of golden nugget casinoThe 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.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.An analyst is concerned about the operator’s exposure to its home city.cache creek casino new hotelAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.“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.slot casino real money

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online casino table games for real money”With convention traffic all but non-existent and leisure travelers from other regions unwilling to fly to Nevada, the Roth analyst points to Sin City’s dependence on the Golden State as a major near-term vulnerability because California’s own economy is struggling and is home to steep unemployment, owing to the COVID-19 pandemic.But Bain argues Diller’s company may have paid too much for the privilege.“To be clear, we believe IAC ownership is a positive for MGM.mountaineer casino bus tripsBut Bain argues Diller’s company may have paid too much for the privilege.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.An analyst is concerned about the operator’s exposure to its home city.seminole casino x card

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sam s town casino las vegas weddingsorg.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.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.drake casino code