2024.07.12
yakuza 0 casino locationCaesars Palace Las Vegas, seen here. (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 . today announced the February 17 implosion date.End of Trump Entertainment ResortsCarl Icahn took control of Trump Entertainment Resorts (TER) in 2016. bestes online casino pokerThe 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. Wieczynski says Caesars can top the 0 million in cost efficiencies promised through last year’s merger with Eldorado Resorts, and that the operator could generate as much as .75 a share in free cash flow by 2023.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. hard rock casino online casino near me el paso txonline slots that pay real moneyThe implosion includes the resort’s original 39-story hotel and casino. Along with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. Along with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. nugget casino reno pool(Image: AP)Conceived by former President Donald Trump, the Boardwalk casino resort opened in May of 1984. Trump Plaza in Atlantic City is scheduled for demolition on February 17. (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 . harrah s cherokee casino resort map win real money casinoscoushatta casino resort phone numberThe pace of that recovery remains sluggish, but there’s more to the story than just Sin City assets.“The William Hill deal closes late-1Q to early-2Q which should cause investors to start thinking more ablake tahoe casinos newsout the long-term possibilities behind CZR’s sports betting/iGaming platform,” said Wieczynski. 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. The smaller north hotel tower will remain, as will the rear parking garage across Pacific Avenlake tahoe casinos newsue.Atlantic City Mayor Marty Small Sr. Atlantic City officials are celebrating with an implosion viewing party. Much of that debt is junk-rated, meaning higher interest expense.It could take some time, but trimming that burden is possible. He closed thefree slot machines to play for fun blackjack casino card games |