2025.11.01
hollywood casino reservationsRobert Fontenot of the Louisiana State Police.MGM Grand on the Las Vegas Strip.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.88 fortunes free slots casinoIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).“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.“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.twin river casino rhode island blackjack practice onlinecasino yakuza like a dragonHowever, the riverboat was not structurally damaged and is back in operation as a floating casino.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.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.best online casino no deposit bonus“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 is concerned about the operator’s exposure to its home city.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.draftkings casino sign up bonus casino grand bay 65 no deposit bonusrey8 casino no deposit bonus in the Lake Charles area were damaged in the Category 4 hurricane.“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.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).MGM is the largest operator on the Strip, deriving half its 2019 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) from that market, according to Bain.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.1 billion in cash, giving it its strongest balance sheet ever.4 bears casino table games online gambling in new york |