payday 2 casino slot machines“We would expect to see Wynn stock re-rate if Biden wins the presidency.”Prior to Allen’s call, the last two analyst rating actions on Wynn stock were downgrades.Fitch Ratings has downgraded approximately 5 million worth of bonds issued by the New Jersey Casino Reinvestment Development Authority (CRDA). t of about .We upgrade Wynn as we see 1) an upcoming operating inflection with further upside post-COVID, 2) overblown concerns about Macau high-end, & 3) a positive catalyst if Biden wins, all at an attractive valuation,” according to Morgan Stanley.The bank anoints Wynn stock as its new favored cyclical idea. kansas star casino free playThat’s a 15.1 percent drop compared with September 2019.The CRDA is funded through a 1.25 percent Investment Alternative Tax on GGR. That’s because the gaming company depends on Macau for 75 percent or more of its earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue in normal quarters.As such, in advance of tomorrow’s US elections, some gaming analysts are saying a victory by former Vice President and Democratic nominee Joe Biden will benefit Macau operators, including Wynn. “We would expect to see Wynn stock re-rate if Biden wins the presidency.”Prior to Allen’s call, the last two analyst rating actions on Wynn stock were downgrades.el dorado casino reno reservations

is chukchansi casino open right now

encore casino table minimumsCOVID-19 closed Atlantic City’s ca(Image: Press of Atlantic City)The credit agency lowered its CRDA rating from BBB+ to BBB. Over the near-term, however, there’s a lot riding on the outcome of Tuesday’s US election.“We believe a Biden victory, while not completely resolving the tenuous trade relations btw. poker 303 casinoOver the near-term, however, there’s a lot riding on the outcome of Tuesday’s US election.“We believe a Biden victory, while not completely resolving the tenuous trade relations btw. “We would expect to see Wynn stock re-rate if Biden wins the presidency.”Prior to Allen’s call, the last two analyst rating actions on Wynn stock were downgrades.Shares of the Encore Boston Harbor operator are lower by almost 48 percent year-to-date but are up more than three percent with the help of the Morgan Stanley upgrade.Electoral ImplicationsIn the wake of the coronavirus pandemic, operators with exposure to Macau continue struggling, as visits to the world’s largest gaming center remain slack, pinching gross gaming revenue (GGR) in the process.That, coupled with President Trump’s heavy-handed approach to relations with China, are among the factors weighing on Wynn stock this year. map of wild horse pab casino

boomtown casino and hotel

hard rock casino lake tahoe blackjackThat’s a 15.1 percent drop compared with September 2019.The CRDA is funded through a 1.25 percent Investment Alternative Tax on GGR. Shares of the Encore Boston Harbor operator are lower by almost 48 percent year-to-date but are up more than three percent with the help of the Morgan Stanley upgrade.Electoral ImplicationsIn the wake of the coronavirus pandemic, operators with exposure to Macau continue struggling, as visits to the world’s largest gaming center remain slack, pinching gross gaming revenue (GGR) in the process.That, coupled with President Trump’s heavy-handed approach to relations with China, are among the factors weighing on Wynn stock this year. Bonds issued by New Jersey’s Casino Reinvestment Development Authority have been downgraded by Fitch Ratings. (Image: Press of Atlantic City)The credit agency lowered its CRDA rating from BBB+ to BBB. That’s because the gaming company depends on Macau for 75 percent or more of its earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue in normal quarters.As such, in advance of tomorrow’s US elections, some gaming analysts are saying a victory by former Vice President and Democratic nominee Joe Biden will benefit Macau operators, including Wynn. That’s because his administration will likely take a softer tone toward geopolitical relations with the world’s second-largest economy.Along those lines, there’s also chatter that a win by Biden will ease the concession renewal process for US-basedblackjack casino world Macau operators, potentially eliminating the specter of new fees and penalties or the risk that licenses won’t be renewed at all.Bull Case for the PatientMorgan Stanley analyst Thomas Allen lays out a bull case for Wynn stock. borgata casino a.c