cache creek casino hoursBut 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.(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 .1 billion in cash, giving it its strongest balance sheet ever.twin river casino bingoThat implies downside from the area at which the stock currently resides.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau encore casino buffet opengaming market than Wynn.“We believe certain operators are structurally better positioned from the more visible, long-term dynamic Macau encore casino buffet opengaming market than Wynn.casino 500

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fanduel casino games not loadingThat implies downside from the area at which the stock currently resides.Now, MGM has .But there are issues, there, too.peppermill casinos inc stockAdditionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.“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.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.black oak indiana casino

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casino slot inter game 1stThat helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.But Bain argues Diller’s company may have paid too much for the privilegencore casino buffet opene.An analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.Namely, Sin City is now highly dependent on leisure travel from neighboring California.“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.No Real Estate, More VolatilityLast year, MGM sold Bellagio and Circus Circus, and the real estate liquidation theme continued into January, as the operator parted with MGM Grand and Mandalay Bay on the Strip.river spirit casino valentine s day