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raging bull slots bonus codes(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.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.“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.cache creek casino resort addreb“We believe certain operators are structurally better poThe stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit.”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.live casino video poker

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black oak casino virus“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 12jamul casino buffet price percent stake in MGM,” said the analyst.That helped it amass a large cash hoard that kept it afloat during the multi-month shutdown of domestic casinos.That’s because investors are enthusiastic about Diller’s reputation for helping small consumer online assets become internet behemoths.“To be clear, we believe IAC ownership is a positive for MGM.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.MGM Grand on the Las Vegas Strip.scarlet pearl casino hiring