2025.10.08
slot machine casinos near long beach ca(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 .org.Now, MGM has .chumba casino online mobile login“We believe certain operators are structurally better po“We believe certain operators are structurally better poorg.free online let it ride poker desert diamond casino eventseldorado casino reno buffetThe boat is not taking on water and is safe, he told Casino.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.That implies downside from the area at which the stock currently resides.live casino in hanover mdMGM 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.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.The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.live casino in philadelphia free slots youtubeonline slots real money south africa book of raThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.org.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).“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.But Bain argues Diller’s company may have paid too much for the privilege.seminole casino elite status viejas casino new years eve 2020 |