online casino no deposit bonus njThat implies downside from the area at which the stock currently resides.“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 12 percent stake in MGM,” said the analyst.The Wynn Macau is pictured above.lucky tiger casino bonus codes 2020(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 .But 2020 is far from the usual climate for gaming companies.Only recently have there been most signs of a pickup in visits.turtle lake casino hotel wisconsin

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l auberge casino table gamesBut there are issues, there, too.Some investors like Wynn stock due to Asia-Pacific exposure.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.hollywood casino joliet 99 hops“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.Raining 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.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.winstar world casino about

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zynga poker fan pageOnly recently have there been most signs of a pickup in visits.Without a coronavirus vaccine readNamely, Sin City is now highly dependent on leisure travel from neighboring California.Some investors like Wynn stock due to Asia-Pacific exposure.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.Risky BusinessBy Bain’s estimate, Wynn derives 68 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from the world’s largest gaming center, adjusting for its ownership stake in Wynn Macau.free slots sun and moon