thunder valley casino jo koy“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.”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.Robert Fontenot of the Louisiana State Police.no deposit bonus bob casinoAn analyst is concerned about the operator’s exposure to its home city.Soft air travel, group/event compgolden nugget casino bonus code michiganression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.(Image: Ethan Miller/Getty Images)In a note to clients today, Roth Capital analyst David Bain lowered his rating on the Bellagio operator to “neutral” from “buy,” while paring his price forecast on the stock to , implying significant downside from the area at which it currently trades.four winds casino employees

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viejas casino layoutSoft air travel, group/event compgolden nugget casino bonus code michiganression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.”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.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.angel of the winds casino concert schedule“To be clear, we believe IAC ownership is a positive for MGM.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.The gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.four winds casino new buffalo

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