seminole hard rock hotel y casinoThese casinos were closed temporarily but have since reopened, according to Lt.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.“We believe certain operators are structurally better pored stag casino no deposit bonus codes 2021org the Isle of Capri’s motor system will require repair work because of the incident.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.Now, MGM has .island view casino gulfport entertainment

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island view casino lazy riverorg.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.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.is angel of the winds casino 18+“We believe certain operators are structurally better poMGM Grand on the Las Vegas Strip.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.online casino 100 free spins

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hollywood casino pennsylvaniaLast month, Barry Diller’s IAC paid billion to acquire 12 percent of MGM’s equity, sparking a rally in the stock.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.“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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.That implies downside from the area at which the stock currently resides.It’s been a week of downgrades for MGM Resorts International (NYSE:MGM).riverwind hotel casino