palace station casino vegas“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.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.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.slot casino demoLast month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.Robert Fontenot of the Louisiana State Police.“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 12reddit big fish casino percent stake in MGM,” said the analyst.silver oak casino 100 free spins

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seven feathers casino spaRobert Fontenot of the Louisiana State Police.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.free online poker games no downloadNow, MGM has .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.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.nearest casino to atlanta

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the little river casinoAn analyst is concerned about the operator’s exposure to its home city.Fontenot told Casino.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.However, the riverboat was not structurally damaged and is back in operation as a floating casino.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.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.casino 7 slots