2024.07.20
admiral casino middletonThat’s a massive mountain of debt, considering Caesars’ market capitalization of .16 billion as of the Sept. But today wasn’t a typical dayonline blackjack legal california for Caesars.Grambling’s assessment on the stock is undoubtedly lukewarm and, on a standard day, probably would’ve sent the shares lower. The iconic Vegas Vickie sign that towered over Fremont Street for decades has found a home inside a new casino nearing completion in downtown Las Vegas. harrah s cherokee casino new constructionBut that wasn’t the case Monday. In addition to the new coverage on Caesars, he downgraded MGM Resorts International (NYSE:MGM) to “sell” from “hold,” while reiterating a “buy” rating on Penn National Gaming (NASDAQ:PENN).Not Too GloomyWhile a “neutral” grade on a stock may imply some level of mediocrity, Grambling isn’t entirely negative on Caesars.He reminds investors the company offers plenty of catalysts over the next six to 12 months, including property reopenings, management focus on realizing at least 0 million in savings via the aforementioned takeover, and cash-generating asset sales. Goldman Sachs isn’t crazy about Caesars stock, but the bank acknowledges catalysts. choctaw casino arcade online gambling marylanddownstream casino check in time14 market close.Investors Focusing ElsewhereUnder normal circumstances for any stock in any sector, a rating from Goldman Sachs has the potential to move the shares. The sign has been restored and is inside the new downtown hotel-casino. The higher financial risk of which the Goldman analyst speaks is the .7 billion in debt the Bally’s operator carries as of June 30. twin river casino creditCount Goldman Sachs as the rare investment bank that’s not overly enthusiastic about Caesars Entertainment (NASDAQ:CZR). Next up on the divestment front could be gaming properties in Indiana, followed later by a Las Vegas Strip asset.Grambling, as so many of his colleagues previously have, also highlighted the possibility online blackjack legal californiaof an announcement from Caesars management on the fate of the iGaming and sports betting business. The sign has been restored and is inside the new downtown hotel-casino. seneca niagara casino free play scarlet pearl casino check out timechinook winds casino vaccineThat’s a massive mountain of debt, considering Caesars’ market capitalization of .16 billion as of the Sept. With Caesars stock having surged from around in early August, it’s not surprising that one of the analyst’s primary concerns is valuation.Valuation (is) largely reflective, given higher financial risk,” said Grambling in a note to clients.He notes the stock trades at 7.9x earnings before interest, taxes, depreciation and amortization (EBITDA). Next up on the divestment front could be gaming properties in Indiana, followed later by a Las Vegas Strip asset.Grambling, as so many of his colleagues previously have, also highlighted the possibility online blackjack legal californiaof an announcement from Caesars management on the fate of the iGaming and sports betting business. Goldman Sachs isn’t crazy about Caesars stock, but the bank acknowledges catalysts. But today wasn’t a typical dayonline blackjack legal california for Caesars.Grambling’s assessment on the stock is undoubtedly lukewarm and, on a standard day, probably would’ve sent the shares lower. The higher financial risk of which the Goldman analyst speaks is the .7 billion in debt the Bally’s operator carries as of June 30. desert diamond casino why job fair desert diamond casino |