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admiral casino viennaThe implosion includes the resort’s original 39-story hotel and casino. (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 . An analyst sees a lot to like with the stock. hard rock casino south lake tahoe caAny 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 lake tahoe casinos newsof the third quarter. Along with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. The implosion includes the resort’s original 39-story hotel and casino. online gambling poker when is seven feathers casino going to reopencasino codes bonus no deposit(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 . 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. live casino login philadelphiatoday announced the February 17 implosion date.End of Trump Entertainment ResortsCarl Icahn took control of Trump Entertainment Resorts (TER) in 2016. 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. Atlantic City officials are celebrating with an implosion viewing party. poker casino montreal miami club casino free chipthe online gambling lawAdd 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. An analyst sees a lot to like with the stock. 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 ablake tahoe casinos newsout the long-term possibilities behind CZR’s sports betting/iGaming platform,” said Wieczynski. Along with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. 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. 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 ablake tahoe casinos newsout the long-term possibilities behind CZR’s sports betting/iGaming platform,” said Wieczynski. nearest casino branson mo blackjack casino in kolkata |