sunset station casino nvBut recovery timelines for those venues are murkier, owing to a recent spike in coronavirus cases across the US.MGM, TooWynn isn’t the only gaming equity drawing Choi’s wrath today. Choi also lifted his price outlook on the gaming company to from . It’s more important than ever to wear a mask and keep your distance,” a warning on the governor’s website alerts.l auberge online casinoSo, there was never a thought to pull this project.”Cordish has long been invested in the Stadium District. Choi also lifted his price outlook on the gaming company to from . Massachusetts lawmakers moved an economic development bill through the Legislature this week, but it did not include sports betting. blackjack casino 2021

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black oak casino concerts 2020The Citi analyst also lowered his grade on MGM Resorts International (NYSE:MGM) to “neutral” from “buy.” But he did lift his price target on the Mirage operator to from . The company has operated Xfinity Live! since March of 2012. So, there was never a thought to pull this project.”Cordish has long been invested in the Stadium District. brian christopher slot room plazaHe added that gross gaming revenue (GGR) there this year will reach just 53 percent of 2019 levels.Still Some SupportEntering 2021, the Wynn Macau anseminole casino menud Wynn Palace operator is one of Wall Street’s preferred names for tapping into a resurgence. The company has operated Xfinity Live! since March of 2012. But recovery timelines for those venues are murkier, owing to a recent spike in coronavirus cases across the US.MGM, TooWynn isn’t the only gaming equity drawing Choi’s wrath today. admiral casino rotherham

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firekeepers casino water parkThis confirmed that Choi’s “sell” call on the name is a departure from consensus.Prior to that rating being revealed today, eight analysts had bullish or very bullish grades on Wynn stock, while another eight rated the name “neutral.” Choi’s price target is nearly below the consensus of 5.93.Analysts constructive on the stock highlight break-even EBITDA at the two Macau integrated resorts in October and November while noting Wynn, usually viewed through the VIP lens, can benefit from increased traffic among mass and premium mass players.In the US, the company runs its namesake integrated resort and Encore on the Las Vegas Strip, and Encore Boston Harbor. The gaming resort is Cordish’s largest casino development investment to date.Governor Tom Wolf (D) recently relaxed COVID-19 restrictions that banned indoor dining and forced all casinos in the Commonwealth to shutter. That’s about below where the shares currently trade.With its Macau subsidiary’s high exposure to VIPs, it’s hard to justify the 12.4x 2-year forward enterprise value/earnings before interest, taxes, depreciation and amortization (EBITDA) multiple that it’s currently trading at,” said Choi.The analyst is positive on Macau’s recovery trajectory, which is integral to the Wynn equity thesis because the Chinese territory is the operator’s largest market. He added that gross gaming revenue (GGR) there this year will reach just 53 percent of 2019 levels.Still Some SupportEntering 2021, the Wynn Macau anseminole casino menud Wynn Palace operator is one of Wall Street’s preferred names for tapping into a resurgence. A Citi analyst cut the stock to “sell” today. (Image: John Locher/AP)In a note to clients today, Citi analyst George Choi pared his rating on the Encore operator to “sell” from “buy.” This is a double downgrade because it skipped over a “neutral” grade. table games colorado casino