casino poker 06The 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.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.“To be clear, we believe IAC ownership is a positive for MGM.online casino no deposit bonus codeAn analyst downgraded Wynn’s stock today, citing exposure to that market and weakness in Las Vegas.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.“To be clear, we believe IAC ownership is a positive for MGM.no deposit bonus red dog casino

slot machine casino for sale

caesar casino new orleansThe 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.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.Soft air travel, group/event compjamul casino buffet priceression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.valley forge casino logo“We believe certain operators are structurally better po“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.Fontenot told Casino.free slots 9 lines

clearwater casino wedding prices

how big is the bellagio casinoBut its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.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.“To be clear, we believe IAC ownership is a positive for MGM.But its land-based difficulties trump its digital opportunities by a wide margin,” said Bain.BetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.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.chumba casino welcome bonus