Analysts are predicting that US consumers continue to limit spending in he foreseeable future, leaving Las Vegas casino operators desperately trying to keep room occupancy high. MGM Mirage (MGM: 11.10 0.00%) faces not only the same difficulties as all Strip casino owners, but the added weight of the CityCenter mega-resort, causing experts to downgrade the stock.

Robert LaFleur, a gaming industry analyst with Susquehanna Financial Group, lowered his rating of MGM Mirage from “Neutral” to “Negative” today. He offered a $2 price target, meaning he expects the share price to decline over two-thirds of Monday’s closing value, $6.30 per share.

If today was any indication, LaFleur may be accurate in his prediction, as MGM Mirage lost more than twelve percent of its value.

While Vegas occupancy has been kept high, analysts are unhappy with significant decline in revenue per room. LaFleur says he anticipates MGM Mirage to decline in this area as much as eleven percent, increased from previous expectations of seven percent.

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