silver oak casino free spins 2020(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 . It closed in September of 2014 and has sat vacant since.Trump departed DC this week after serving one term. 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. no deposit bonus casino adrenalineThe building has been vacant since 2014. Along with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. 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. big m casino online

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888 poker casino bonusSeen here in 1994 outside his Trump Plaza, the last casino to bear Donald Trump’s last name will come down next month. An analyst sees a lot to like with the stock. Adding up the aforementioned points creates a potentially lucrative deleveraging missive, according to Wieczynski.“Every catalyst we pointed out should help drive leverage lower. free slots heart of vegasTwo 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. The implosion includes the resort’s original 39-story hotel and casino. The smaller north hotel tower will remain, as will the rear parking garage across Pacific Avenslotocash casino free 31ue.Atlantic City Mayor Marty Small Sr. black oak casino gas station

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hollywood casino jamul job openingsIcahn never found a suitable buyer for either casino. Much of that debt is junk-rated, meaning higher interest expense.It could take some time, but trimming that burden is possible. 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. 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. s more upside where that came from for the Harrah’s operator. Adding up the aforementioned points creates a potentially lucrative deleveraging missive, according to Wieczynski.“Every catalyst we pointed out should help drive leverage lower. river spirit casino event schedule