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the golden nugget casino hotelThe 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.“4Q/1Q marks convention season, which is essentially non-existent, leaving MGM’s portfolio dependent on California leisure traffic.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.casino zagreb blackjackBetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.That implies downside from the area at which the stock currently resides.The Wynn Macau is pictured above.winstar casino table games open reviews chumba casinomorongo casino vegasThe gaming company struck while the iron was hot, commanding strong pricing on those properties prior to the onset of the pandemic.However, the riverboat was not structurally damaged and is back in operation as a floating casino.Soft air travel, group/event compoxford casino gamesression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.harrah s cherokee casino event calendarBetMGM is a joint venture with GVC Holdings, meaning MGM has to share the economics with its UK-based partner.Last 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 compoxford casino gamesression, low pricing power and high fixed costs, including rent payments,” are among the issues highlighted by Bain.free online poker real money prizes valley forge casino hoursfour winds casino openThe 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.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.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.That implies downside from the area at which the stock currently resides.Robert Fontenot of the Louisiana State Police.boomtown casino arcade black bear casino covid |