paragon casino resort louisiana(Image: Barron’s)In a note to clients today, Stifel analyst Steven Wieczynski reiterates a “buy” rating on Caesars stock, while lifting his price target on the name to 5 from . Along with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. (Image: Barron’s)In a note to clients today, Stifel analyst Steven Wieczynski reiterates a “buy” rating on Caesars stock, while lifting his price target on the name to 5 from . miami club casino ndbMuch of that debt is junk-rated, meaning higher interest expense.It could take some time, but trimming that burden is possible. Icahn never found a suitable buyer for either casino. Caesars Palace Las Vegas, seen here. four winds casino resort new buffalo michigan

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casino like luckyland slotsTrump Plaza in Atlantic City is scheduled for demolition on February 17. Experts question the effectiveness of that protocol and the limits on guests crimps Caesars, which runs 17 gaming venues in the Silver State.Catalysts Can Outlast COVID-19As the second-largest operator on the Las Vegas Strip, Caesars stock is long regarded as a play on vaccine distribution and an economic rebound in the largest domestic gaming hub. Caesars Palace Las Vegas, seen here. little river casino players clubHe notes that as more of them get vaccinated, pent-up demand will be unleashed as soon as this year. Add that into the sports betting thesis, and there’s room for more upside in the stock.“We believe there are eight to 12 states that could go down the path of legalizing sports betting this year which should continue to support long-term total addressable market (TAM) estimates (no matter how crazy they are),” said Wieczynski.Other Levers to PullThe Stifel analyst points out that Caesars remains intent on divesting a Strip property, and that process could accelerate as coronavirus vaccines are distributed on a broader scale. The smaller north hotel tower will remain, as will the rear parking garage across Pacific Avenslotocash casino free 31ue.Atlantic City Mayor Marty Small Sr. casino poker online com

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sycuan casino check in timeThe implosion includes the resort’s original 39-story hotel and casino. Seen here in 1994 outside his Trump Plaza, the last casino to bear Donald Trump’s last name will come down next month. Adding up the aforementioned points creates a potentially lucrative deleveraging missive, according to Wieczynski.“Every catalyst we pointed out should help drive leverage lower. Caesars Palace Las Vegas, seen here. The smaller north hotel tower will remain, as will the rear parking garage across Pacific Avenslotocash casino free 31ue.Atlantic City Mayor Marty Small Sr. The pace of that recovery remains sluggish, but there’s more to the story than just Sin City assets.“The William Hill deal closes late-1Q to early-2Q which should cause investors to start thinking more abslotocash casino free 31out the long-term possibilities behind CZR’s sports betting/iGaming platform,” said Wieczynski. bellagio hotel and casino us