2025.09.12
boomtown casino foodBut 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.“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 12oxford casino games percent stake in MGM,” said the analyst.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.pechanga casino sports bettingIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.“To be clear, we believe IAC ownership is a positive for MGM.river spirit casino free play ruby link slotstwin river casino propertiesIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).“We believe certain operators are structurally better poThe Wynn Macau is pictured above.luckyland casino zendeskThese casinos were closed temporarily but have since reopened, according to Lt.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.Now, MGM has .silver oak casino codes no deposit palace station casino mapturtle creek casino reviewsBut 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.(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 toxford casino gameso .“We believe certain operators are structurally better poorg the Isle of Capri’s motor system will require repair work because of the incident.However, the riverboat was not structurally damaged and is back in operation as a floating casino.pechanga casino deals boomtown casino crab legs |