mgm casino ohioWieczynski 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.Along with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. The 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 abatlantica golden palace casinoout the long-term possibilities behind CZR’s sports betting/iGaming platform,” said Wieczynski. tropicana resort casino laughlin nevada(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. He notes that as more of them get vaccinated, pent-up demand will be unleashed as soon as this year. jamul casino hr

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island view casino view crewAn analyst sees a lot to like with the stock. 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. Much of that debt is junk-rated, meaning higher interest expense.It could take some time, but trimming that burden is possible. r casino royale arabian“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. It closed in September of 2014 and has sat vacant since.Trump departed DC this week after serving one term. The implosion includes the resort’s original 39-story hotel and casino. table games casino pai gow

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black oak casino careersThe 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. 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. The building has been vacant since 2014. Atlantic City officials are celebrating with an implosion viewing party. It closed in September of 2014 and has sat vacant since.Trump departed DC this week after serving one term. borgata online casino table games