2024.07.17
0 deposit casino bonusThe iconic Vegas Vickie sign that towered over Fremont Street for decades has found a home inside a new casino nearing completion in downtown Las Vegas. With Caesars stock having surged from around in early August, it’s not surprising that one of the analyst’s primary concerns is valuation.Valuation (is) largely reflective, given higher financial risk,” said Grambling in a note to clients.He notes the stock trades at 7.9x earnings before interest, taxes, depreciation and amortization (EBITDA). That’s a massive mountain of debt, considering Caesars’ market capitalization of .16 billion as of the Sept. turtle lake wis casinoThe sign has been restored and is inside the new downtown hotel-casino. ble games cannot be put into use unless physical barriers are in place between players.Count Goldman Sachs as the rare investment bank that’s not overly enthusiastic about Caesars Entertainment (NASDAQ:CZR). cool cat bonus codes casino roulette free bonus no depositonline slots win real money usaThe iconic Vegas Vickie sign that towered over Fremont Street for decades has found a home inside a new casino nearing completion in downtown Las Vegas. The iconic Vegas Vickie sign that towered over Fremont Street for decades has found a home inside a new casino nearing completion in downtown Las Vegas. That’s a massive mountain of debt, considering Caesars’ market capitalization of .16 billion as of the Sept. free online slots bier hausWith Caesars stock having surged from around in early August, it’s not surprising that one of the analyst’s primary concerns is valuation.Valuation (is) largely reflective, given higher financial risk,” said Grambling in a note to clients.He notes the stock trades at 7.9x earnings before interest, taxes, depreciation and amortization (EBITDA). The Vegas Vickie sign on Fremont Street was removed in 2017 to make way for construction of Circa Resort. In addition to the new coverage on Caesars, he downgraded MGM Resorts International (NYSE:MGM) to “sell” from “hold,” while reiterating a “buy” rating on Penn National Gaming (NASDAQ:PENN).Not Too GloomyWhile a “neutral” grade on a stock may imply some level of mediocrity, Grambling isn’t entirely negative on Caesars.He reminds investors the company offers plenty of catalysts over the next six to 12 months, including property reopenings, management focus on realizing at least 0 million in savings via the aforementioned takeover, and cash-generating asset sales. thunder valley casino united auburn indian community island view casino alabamalittle river casino new years eveBut today wasn’t a typical dayisland view casino entertainment schedule for Caesars.Grambling’s assessment on the stock is undoubtedly lukewarm and, on a standard day, probably would’ve sent the shares lower. It is the first hotel-casino to be built from the ground up in downtown Las Vegas in 40 years.The intent in bringing the sign inside Circa is to unite “old and new Vegas in neisland view casino entertainment schedulever-before-seen ways,” the resort’s website says.Circa is being built on one of the city’s oldest and most historic streets, where colorful gaming pioneers, such as former Texas outlaw Benny Binion, once owed casinos.Portions of Fremont Street, including where Circa is being constructed, were closed to traffic and turned into a canopied pedestrian mall 26 years ago. But that wasn’t the case Monday. (Image: NY Post)Today, analyst Stephen Grambling initiated coverage of the newly formed casino goliath with a “hold” rating and a price target, implying modest upside from the close around .90. In addition to the new coverage on Caesars, he downgraded MGM Resorts International (NYSE:MGM) to “sell” from “hold,” while reiterating a “buy” rating on Penn National Gaming (NASDAQ:PENN).Not Too GloomyWhile a “neutral” grade on a stock may imply some level of mediocrity, Grambling isn’t entirely negative on Caesars.He reminds investors the company offers plenty of catalysts over the next six to 12 months, including property reopenings, management focus on realizing at least 0 million in savings via the aforementioned takeover, and cash-generating asset sales. The casino later became a strip club, but the sign remained at that site until 2017.That’s when Circa owner Derek Stevens had the sign removed to make way for the construction of his new resort on that block. poker or other casino games choctaw casino net worth |