boulder station casino openA Citi analyst cut the stock to “sell” today. “Adding a casino to the already famous sports Stadium District is pretty awesome. 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. mgm grand casino slot machinesThat’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. The omnibus also did not encourage state gaming regulators to consider a third integrated resort casino.So, there was never a thought to pull this project.”Cordish has long been invested in the Stadium District. harrah s casino pa

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