2024.07.19
is seneca niagara casino open nowFormer casino mogul Steve Wynn is once again trying to unload one of the most lavish and expansive mansions in Beverly Hills. This year, speculation is swirling about the fate of Paris and Planet Hollywood. But it is a rising player in the space.Caesars is using the .69 billion acquisition of William Hill to make a splash in iGaming and sports wagering. mgm grand casino sports bookThat’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. Caesars’ stock could offer much more upside. It also liquidated part of the inherited NeoGames (NASDAQ:NGMS) stake. free online poker no money cashman casino not loadingresorts casino mohegan sunA listing photo of the Beverly Hills mansion Steve Wynn is trying to sell. Interested 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. twin river casino 18 or 21Former casino mogul Steve Wynn is once again trying to unload one of the most lavish and expansive mansions in Beverly Hills. This year, speculation is swirling about the fate of Paris and Planet Hollywood. An analyst sees an asset sale looming. casino roulette kaarten resorts world casino uniontwin river casino sportsbook hours“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. However, 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. Golden’s route business operates in Montana and Nevada, with Illinois and Pennsylvania possible near-term additions.The company generates 85 percent of its revenue from the Las Vegas locals segment, and is the dominant force in hyper-local Las Vegas gaming offerings.“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).”That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. Caesars’ stock could offer much more upside. draftkings casino not showing up bellagio casino deals |