2025.12.17
free online poker for prizesThat’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.“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.But Bain sees risks by way of a lack of liquidity among high-end players, new room supply coming to market, and a dearth of Hong Kong dollars flowing into the gaming hub because travel remains limited between the two SARs.santa.ana casinoThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.“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.That’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.is morongo casino buffet open winstar world casino employeeshollywood casino washington paThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.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.peppermill casino wendover nvBut Bain sees risks by way of a lack of liquidity among high-end players, new room supply coming to market, and a dearth of Hong Kong dollars flowing into the gaming hub because travel remains limited between the two SARs.Namely, Sin City is now highly dependent on leisure travel from neighboring California.(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 .mychoice casino card cache creek casino diningparagon marksville casinooyment, owing to the COVID-19 pandemic.Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.1 billion in cash, giving it its strongest balance sheet ever.Additionally, 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.”Risks mentioned by the Roth analyst include ongoing geopolitical volatility between the US and China, and concession renewal risk for US operators in Macau, among others.downstream casino and resort casino royale las vegas |