caesar casino stockThat’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.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.Only recently have there been most signs of a pickup in visits.casino near me virginia beach“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.Without a coronavirus vaccine readWithout a coronavirus vaccine readlive casino rooms

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caesar casino mapAdditionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.The Wynn Macau is pictured above.30 free slot gamesBut 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.Namely, Sin City is now highly dependent on leisure travel from neighboring California.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths. 1 free slots casino

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free casino slots 2020That implies downside from the area at which the stock currently resides.Bain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.1 billion in cash, giving it its strongest balance sheet ever.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, anraging bull casino websited the Encore, will account for 22 percent of 2022 EBITDA.But Bain argues Diller’s company may have paid too much for the privilegraging bull casino websitee.That’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.is pechanga 18 and over