poker casino downtownBank of America is reconfiguring its ratings on casino equities, and it’s moving Caesars Entertainment (NASDAQ:CZR) ahead of Wynn Resorts (NASDAQ:WYNN) on the list. Tourists walk past Caesars Palace Las Vegas. However, the prevailing wisdom among market observers is that the three US-based concessionaires — Las Vegas Sands, MGM, and Wynn — will likely have gaming permits renewed, along with their Asia-based rivals, next year.palace station casino owner. The stipulation applies to Hawaii residents returning after venturing off the islandsMain Street reopening is a major tell that Boyd Gaming execs believe traffic from Hawaii is returning, and will continue to increase. (Image: Las Vegas Review-Journal)In a note to clients today, the bank upgrades the Caesars Palace operator to “buy” from “neutral,” while paring its rating on Wynn to “neutral” from “buy.” Bank of America is enthusiastic about Caesars’ increasing exposure to the fast-growing iGaming and sports wagering industries.We think CZR can transform (again) into an omni-channel winner, with accelerating online market share. coushatta casino wiki

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hollywood casino amphitheatre covidBank of America is reconfiguring its ratings on casino equities, and it’s moving Caesars Entertainment (NASDAQ:CZR) ahead of Wynn Resorts (NASDAQ:WYNN) on the list. Though that’s down 36 percent from pre-pandemic June 2019, it’s a 39 percent gain on June 2020. Prior to the coronavirus pandemic, the world’s largest casino center accounted for 70 percent of the operator’s earnings before interest, taxes, depreciation and amortization (EBITDA).Ongoing visa restrictions and lack of a travel bubble with Hong Kong are among the issues weighing on Macau concessionaires, including Wynn. online casino michigan free playThat includes the sale of William Hill’s betting shops and the European online gaming business. Bank of America prefers that operator’s stock to Wynn Resorts. However, the prevailing wisdom among market observers is that the three US-based concessionaires — Las Vegas Sands, MGM, and Wynn — will likely have gaming permits renewed, along with their Asia-based rivals, next year.free slots you don t have to download

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online gambling 3 card pokerBank of America prefers that operator’s stock to Wynn Resorts. That’s a boon for Caesars because it’s the second-largest operator on the Las Vegas Strip.Additionally, the company has limited international exposure and appears more interested in parting with what non-US assets it has than acquiring more. That’s following last week’s news of a local family of four contracting COVID-19, representing the special administrative region’s (SAR) first cases in over 500 days.Bank of America also mentioned geopolitical tensions between the US and China as a potential drag on Wynn stock. Bank of America prefers that operator’s stock to Wynn Resorts. Bank of America prefers that operator’s stock to Wynn Resorts. Visitor volumes to Las Vegas have consistently improved in each month this year. winstar world casino website