bellagio casino robberyThat’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.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.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.morongo casino vaccineShares 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.Now, MGM has .“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.brian christopher slots first video

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las atlantis casino no deposit bonus 2021“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.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.Only recently have there been most signs of a pickup in visits.cache creek casino win lob statementThat’s fine in a normal operating environment, and it’s exposure that’s served Wynn investors well over the years.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.But 2020 is far from the usual climate for gaming companies.blackjack online calculator

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cliff castle casino bowling alley phone numberThe Wynn Macau is pictured above.Now, MGM has .“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.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.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.Without a coronavirus vaccine readfree slots just for fun