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restaurants at the bellagio casinoBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.That implies downside from the area at which the stock currently resides.thunder valley casino amphitheatre seating chartBut 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 2020 is far from the usual climate for gaming companies.Only recently have there been most signs of a pickup in visits.coushatta casino rv park harrah s casino jobsmgm casino east coastNo 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.Bain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.mountaineer casino gatsbyRaining on the ParadeIAC getting involved with MGM is much more about the gaming company’s online casinos and BetMGM units than it is about land-based integrated resorts.Now, MGM has .Raining on the ParadeIAC getting involved with MGM is much more about the gaming company’s online casinos and BetMGM units than it is about land-based integrated resorts.royal ace casino sign up black oak casino sonora casouth lake tahoe casinos covid 19Namely, Sin City is now highly dependent on leisure travel from neighboring California.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.Only recently have there been most signs of a pickup in visits.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau island view casino webcamgaming market than Wynn.oyment, owing to the COVID-19 pandemic.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau island view casino webcamgaming market than Wynn.casino long island pechanga casino california |