2024.07.19
encore casino buffet openCaesars Entertainment (NASDAQ:CZR) stock is up 56.39 year-to-date. But it’s traditional casinos driving enthusiasm for the shares. But it is a rising player in the space.Caesars is using the .69 billion acquisition of William Hill to make a splash in iGaming and sports wagering. the mill black oak casinoCaesars’ stock could offer much more upside. Former casino mogul Steve Wynn is once again trying to unload one of the most lavish and expansive mansions in Beverly Hills. But it’s possible the company could be motivated by the price points on recent sales. downstream casino opening date mgm grand casino phone numberbovada casino payoutAn analyst sees an asset sale looming. It also liquidated part of the inherited NeoGames (NASDAQ:NGMS) stake. This year, speculation is swirling about the fate of Paris and Planet Hollywood. peppermill casino players clubGolden’s route business operates in Montana and Nevada, with Illinois and Pennsylvania possible near-term additions.The company generates 85 percent of its revenue from the Las Vegas locals segment, and is the dominant force in hyper-local Las Vegas gaming offerings.“As one example, management has already begun to utilize sports betting marketing data to drive promotional decisions at the property (those customers would effectively be treated as unrated, otherwise).”An analyst sees an asset sale looming. gold coast casino craps harrah s cherokee casino new years eve 2020hollywood casino tinley parkIn a note to clients today, the analyst reiterates a “buy” rating on Caesars’ stock, while boosting his price target to 8 from 0. (Image: New York Post)The operator is the second-largest on the Las Vegas Strip, and has a deep portfolio of regional assets, both of which are setting quarterly records, says Stifel analyst Steven Wieczysnski. Interested Interested It also liquidated part of the inherited NeoGames (NASDAQ:NGMS) stake. However, some investors are pondering how long top-line and margin expansion is plausible as consumer stimulus fades.Management firmly sees these concerns as overblown, highlighting that (1) the current trend in the savings rate could imply tailwinds to the consumer through 2023 and (2) their overall cost structure is predominately ‘right-sized’ by this point, with any modest pockets of cost inflation likely offset by the return of the high margin group customer,” said the Stifel analyst.The Flamingo operator is one of Wall Street’s favorite gaming equities, a status accrued by management’s reputation for managing margins and generating free cash flow, among other factors.Asset Sale Could Be Another Spark for Caesars StockAmid recent Strip asset sales, including the Venetian and Sands Convention Center in March and the Cosmopolitan late last month, it’s possible Caesars opts to accelerate the timeline for divestment of one of its Las Vegas properties.Previously, the operator said such a transaction would not occur until next year. santa ana casino events calendar four winds casino offers |