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lake tahoe casinos nevadaThe 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.Wynn Macau and Wynn Palace, along with the special administrative region’s (SAR) other casinos, were closed for 15 days in February because of the coronavirus pandemic.But there are issues, there, too.blackjack online with real moneyRaining 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.But Bain argues Diller’s company may have paid too much for the privilegroyal ace casino free spins no deposite.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.intertops casino sign in uk casino table gamesis morongo casino an indian reservationThat implies downside from the area at which the stock currently resides.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, anroyal ace casino free spins no depositd the Encore, will account for 22 percent of 2022 EBITDA.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.oxford casino hampton innBut 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.Wynn Macau and Wynn Palace, along with the special administrative region’s (SAR) other casinos, were closed for 15 days in February because of the coronavirus pandemic.“To be clear, we believe IAC ownership is a positive for MGM.peppermill casino games tachi palace hotel and casino poolhollywood casino online pa appBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau royal ace casino free spins no depositgaming market than Wynn.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.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.(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 to .Now, MGM has .choctaw casino movies intertops casino match bonus |