2025.09.18
s casino center blvdIt’s been a week of downgrades for MGM Resorts International (NYSE:MGM).org.“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.captain jack casino no deposit free spinsAn analyst is concerned about the operator’s exposure to its home city.Soft air travel, group/event comproulette casino onlineression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.Robert Fontenot of the Louisiana State Police.how old is boulder station casino thunder valley casino tribal councilsala slot e casinoThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.org.Fontenot told Casino.paradise 8 casino no deposit bonusThat’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.Soft air travel, group/event comproulette casino onlineression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by 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.encore casino covid restrictions casino table games etiquetteroulette casino chipsThat implies downside from the area at which the stock currently resides.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.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.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.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.An analyst is concerned about the operator’s exposure to its home city.aliante casino open firekeepers casino credit |