2 1 2 blackjackIn a note to clients today, the analyst reiterates a “buy” rating on Caesars’ stock, while boosting his price target to 8 from 0. Former casino mogul Steve Wynn is once again trying to unload one of the most lavish and expansive mansions in Beverly Hills. Caesars’ stock could offer much more upside. river spirit casino hotel tulsaCaesars Palace, located on the Vegas Strip, seen above. Former casino mogul Steve Wynn is once again trying to unload one of the most lavish and expansive mansions in Beverly Hills. That’s a move Wall Street likes, because the company significantly defrayed that purchase price by selling William Hill’s international assets for billion. chumba casino texas

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black bear casino skid rowHowever, some investors are pondering how long top-line and margin expansion is plausible as consumer stimulus fades.Management firmly sees these concerns as overblown, highlighting that (1) the current trend in the savings rate could imply tailwinds to the consumer through 2023 and (2) their overall cost structure is predominately ‘right-sized’ by this point, with any modest pockets of cost inflation likely offset by the return of the high margin group customer,” said the Stifel analyst.The Flamingo operator is one of Wall Street’s favorite gaming equities, a status accrued by management’s reputation for managing margins and generating free cash flow, among other factors.Asset Sale Could Be Another Spark for Caesars StockAmid recent Strip asset sales, including the Venetian and Sands Convention Center in March and the Cosmopolitan late last month, it’s possible Caesars opts to accelerate the timeline for divestment of one of its Las Vegas properties.Previously, the operator said such a transaction would not occur until next year. But it’s possible the company could be motivated by the price points on recent sales. “Given where comps have transacted, we see no reason why CZR couldn’t get as high as a low-teens multiple on one of the assets perceived to be for sale.”The analyst adds the sale of a Strip venue should dramatically accelerate management’s efforts to delever the balance sheet.Ahead of the Curve in Sports BettingData suggest Caesars’ newly launched online sportsbook has ground to make up against larger rivals. gold coast casino gamesCaesars Palace, located on the Vegas Strip, seen above. “As one example, management has already begun to utilize sports betting marketing data to drive promotional decisions at the property (those customers would effectively be treated as unrated, otherwise).”atalysts.Some analysts believe the current share price doesn’t reflect the potential for Golden to land an attractive route business contract in Pennsylvania, and most agree the .2 billion in unused Las Vegas real estate the operator owns isn’t adequately priced into the shares either. lucky dragon netflix

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poker sm 2020 casino cosmopolIt also liquidated part of the inherited NeoGames (NASDAQ:NGMS) stake. The new forecast implies upside of about 20 percent from current levels.Following a recent meeting with Caesars’ management, Wieczynski notes Las Vegas aharrah s casino valley centernd regional casinos are performing well, and that’s without the benefit of convention and meeting business. Caesars Palace, located on the Vegas Strip, seen above. Caesars Entertainment (NASDAQ:CZR) stock is up 56.39 year-to-date. atalysts.Some analysts believe the current share price doesn’t reflect the potential for Golden to land an attractive route business contract in Pennsylvania, and most agree the .2 billion in unused Las Vegas real estate the operator owns isn’t adequately priced into the shares either. That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. mountaineer casino restaurants