seneca niagara resort casino 4 out of 5These casinos were closed temporarily but have since reopened, according to Lt.(Image: Ethan Miller/Getty Images)In a note to clients today, Roth Capital analyst David Bain lowered his rating on the Bellagio operator to “neutral” from “buy,” while paring his price forecast on the stock to , implying significant downside from the area at which it currently trades.”With convention traffic all but non-existent and leisure travelers from other regions unwilling to fly to Nevada, the Roth analyst points to Sin City’s dependence on the Golden State as a major near-term vulnerability because California’s own economy is struggling and is home to steep unemployment, owing to the COVID-19 pandemic.boomtown casino hotel biloxi msThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.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.xtra hot free online slots

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free online slots for fun uk“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.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.Last month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.casino blackjack number of decksorg.Soft air travel, group/event compreddit big fish casinoression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain. in the Lake Charles area were damaged in the Category 4 hurricane.thunder valley casino kid friendly

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golden nugget casino in atlantic city in the Lake Charles area were damaged in the Category 4 hurricane. in the Lake Charles area were damaged in the Category 4 hurricane.However, the riverboat was not structurally damaged and is back in operation as a floating casino.“We believe certain operators are structurally better poorg.That implies downside from the area at which the stock currently resides.morongo casino to san manuel casino