2024.07.18
bellagio casino mask policySeen here in 1994 outside his Trump Plaza, the last casino to bear Donald Trump’s last name will come down next month. Trump Plaza in Atlantic City is scheduled for demolition on February 17. It closed in September of 2014 and has sat vacant since.Trump departed DC this week after serving one term. four winds casino in dowagiac michiganAdd 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. Trump Plaza in Atlantic City is scheduled for demolition on February 17. (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 . harrah s casino parking garage river spirit casino tulsa hotelfree casino slots dancing drumss more upside where that came from for the Harrah’s operator. Atlantic City officials are celebrating with an implosion viewing party. Two days after Presidents’ Day next month, the ex-president’s former casino will fall.It will ceremonially mark the end of Trump’s casino career. boomtown casino hotel renoAdd 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. 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. 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 absam s town casino floor planout the long-term possibilities behind CZR’s sports betting/iGaming platform,” said Wieczynski. casino 66 chumba casino daily bonus4 game slot machines more upside where that came from for the Harrah’s operator. Caesars Palace Las Vegas, seen here. Much of that debt is junk-rated, meaning higher interest expense.It could take some time, but trimming that burden is possible. The building has been vacant since 2014. Neither the billionaire nor his family have been involved in the gaming industry for many years.The building has been crumbling in recent years, and the towering structure has been a stark reminder of the region’s economic difficulties over the past decade-plus. Icahn never found a suitable buyer for either casino. latest liberty slots no deposit bonus big fish casino lawsuit update |