The deck just seems to be stacked against shares of Wynn Resorts.
The casino stock dropped 9.4 percent in the past week, making it the second-worst performer in the S&P 500. The latest stitch of bad news was a Friday downgrade from Barclays, which cut their rating on the shares to 'Equal Weight' or neutral from 'Overweight,' due to continuing concerns about Asian high-rollers.
In Chinese gambling enclave Macau, Wynn is "among the casinos with the largest exposure to the VIP market, which is shrinking… In Las Vegas, Wynn's exposure to the high-end Baccarat gamer could cause that property to underperform in the near term," Barclays analyst Felicia Hendrix wrote.
Hendrix slashed her price target on the stock from to $105 from $160, reflecting "our view that a recovery in Macau may take longer than expected."
But the drumbeat of bad news in Macau, which is in the grips of an epic corruption crackdown, isn't the only thing weighing on the stock.