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foxwoods resort casino fox towerThe 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 omnibus also did not encourage state gaming regulators to consider a third integrated resort casino. The 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 . 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. However, Choi points to travel restrictions remaining in place for much of the first half of 2021 as potentially dampening the special administrative region’s (SAR) rebound effort. Choi also lifted his price outlook on the gaming company to from . four winds casino win lob statement

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