aliante casino las vegas nevadaBut 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. That’s a move Wall Street likes, because the company significantly defrayed that purchase price by selling William Hill’s international assets for billion. Caesars’ stock could offer much more upside. blackjack ballroom casino ukIt also liquidated part of the inherited NeoGames (NASDAQ:NGMS) stake. An analyst sees an asset sale looming. A listing photo of the Beverly Hills mansion Steve Wynn is trying to sell. borgata casinos

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foxwoods resort casino bookingCaesars’ stock could offer much more upside. This year, speculation is swirling about the fate of Paris and Planet Hollywood. That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. valley forge casino players cardBut Caesars hasn’t publicly said that those are the venues it’s prioritizing in potential sales.“Furthermore, while management has historically indimohegan sun casino uconncated a sale of a Strip asset would likely follow normalization in the group segment, we think recent transactions in the market (Cosmopolitan, Venetian/Palazzo) could see management act more opportunistically to unlock value in their portfolio and drive leverage lower,” adds Wieczynski. Caesars’ stock could offer much more upside. But it’s possible the company could be motivated by the price points on recent sales. jackson rancheria casino poker room

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black bear casino spaHowever, 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. Caesars’ stock could offer much more upside. That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. Caesars Palace, located on the Vegas Strip, seen above. “Given where comps have transacted, we see no reason why CZR couldn’t get as high as a low-teens multiple on one of the assets perceived to be for sale.”The analyst adds the sale of a Strip venue should dramatically accelerate management’s efforts to delever the balance sheet.Ahead of the Curve in Sports BettingData suggest Caesars’ newly launched online sportsbook has ground to make up against larger rivals. But it’s traditional casinos driving enthusiasm for the shares. twin river casino providence