big fish casino forumorg.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.firekeepers casino creditBut 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.Now, MGM has .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.borgata casino hours of operation

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mohegan sun casino coupons(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.Now, MGM has .Additionally, the business will generate just 0 million in revenue this year, with profitability three years away, according to the Roth analyst.“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 12hard rock casino lake tahoe arcade percent stake in MGM,” said the analyst.“To be clear, we believe IAC ownership is a positive for MGM.However, the riverboat was not structurally damaged and is back in operation as a floating casino.peppermill casino players club