2024.07.18
mountaineer casino and resort chester wvTwo 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. Any deleveraging event that CZR can participate in will only drive the equity value higher, given leverage is one of the biggest overhangs on this story,” he writes.Firming up the balance sheet is vital, because Caesars carried .2 billion in liabilities as of the end slotocash casino free 31of the third quarter. Steve Sisolak (D) extended for 30 days the policy that casinos, bars, and restaurants must cap capacity at 25 percent to stem the spread of the coronavirus. slot machine casino youtubeHe notes that as more of them get vaccinated, pent-up demand will be unleashed as soon as this year. Trump Plaza in Atlantic City is scheduled for demolition on February 17. Much of that debt is junk-rated, meaning higher interest expense.It could take some time, but trimming that burden is possible. raging bull casino sign in free slots queen of the nile 2coushatta casino bingoThe building has been vacant since 2014. s more upside where that came from for the Harrah’s operator. He notes that as more of them get vaccinated, pent-up demand will be unleashed as soon as this year. reviews on royal ace casinoAdd 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. “Once the deal closes, we would expect management to start laying out more details behind a possible sports betting/iGaming spinout, or what the earnings power of the 100% controlled entity could look like.”The analyst says another potential spark for Caesars is the 55 and up age demographic. The new forecast implies upside of more than 25 percent from current levels.While COVID headwinds could pressure near-term estimates as travel/gathering restrictions remain in place (and could get worse), we believe CZR remains well positioned long-term as the world eventually recovers from this pandemic, given their compelling asset mix (Vegas/regionals/sports betting/iGaming),” said the analyst.Earlier this month, Nevada Gov. online slots that pay real cash aliante casino curfewlive casino ownerSteve Sisolak (D) extended for 30 days the policy that casinos, bars, and restaurants must cap capacity at 25 percent to stem the spread of the coronavirus. He 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. Steve Sisolak (D) extended for 30 days the policy that casinos, bars, and restaurants must cap capacity at 25 percent to stem the spread of the coronavirus. Icahn never found a suitable buyer for either casino. (Image: AP)Conceived by former President Donald Trump, the Boardwalk casino resort opened in May of 1984. live blackjack online uk valley forge casino alcohol |