peppermill casino spaThe stock raced to a new 52-week high after Goldman Sachs initiated coverage of the gaming company with a “buy” rating. (Image: St. JPMorgan is bullish on the new Caesars stock, citing regional casinos and sports betting. winstar world casino phone numberThat’s while the operator waits for destination markets, namely Las Vegaonline casino caribbean stud pokers, to rebound from the ill effects of the coronavirus pandemic.Sports Betting SurgeJPMorgan speaks glowingly about Caesars’ exposure in the online casinos and sports wagering markets, segments that have the investment community currently enthralled.Previously, Caesars was a retail sports betting behemoth with a growing internet casino operation in states where that activity is permitted. In one of the best days in its new form, Caesars Entertainment (NASDAQ:CZR) is higher by nine percent in midday trading. Now that more states are expected to permit one or both of those pastimes as avenues for bolstering revenue following COVID-19, analysts are ratcheting up estimates.Some are saying sports betting alone could swell to billion, with online casinos jumping to .5 billion over the next several years.JPMorgan likes “the attractive growth potential of the US sports betting/iGaming industry, a segment that likely will be broken out/separated from land-based casinos sooner rather than later — a potential catalyst for valuation multiple expansion and an opportunity we believe is worth per share, or ~46% of the current share price,” according to the bank.Big Bucks BetsOn a conference call with analysts and investors last week, Caesars CEO Tom Reeg said a “permanent solution” for the company’s iGaming and sports wagering businesses could be revealed by the end of this year.Last year, Reeg mentioned the units could be spun off to generate value for investors because the old Caesars equity didn’t adequately reflect the growth opportunity offered by those businesses. lake tahoe casinos open or closed

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bellagio casinosCiting frequently discussed factors, such as strength in the operator’s regional portfolios and sports wagering, JPMorgan calls the new Caesars an “attractive” opportunity among gaming equities.We view CZR as a high-risk, high-reward stock (35% upside) for investors seeking exposure to the recovery of the US regional gaming market, which has a permanently lower operating expense structure that should yield higher than historical margins,” said the bank in a note to clients.Better-than-expected traffic and higher margins, particularly at properties in the South, are propping up Caesars’ regional portfolio. JPMorgan is bullish on the new Caesars stock, citing regional casinos and sports betting. But I want to understand how people are thinking about school, no school, is the summer travel going to extend itself through September?”island view casino buffet phone numberCaesars Palace in Atlantic City. That’s after JPMorgan restarted coverage of the gaming company with an “outperform” rating. Barstool Sports and founder David Portnoy, seen here, are big reasons Goldman Sachs is bullish on Penn National Gaming. silver oak casino no deposit bonus codes may 2020

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no deposit bonus drake casinoAt the time, the deal was mostly praised, though some analysts expressed reservations about the price, citing the operator’s high debt burden.The casino company can eventually acquire the sportsThat’s after JPMorgan restarted coverage of the gaming company with an “outperform” rating. (Image: CNBC)It’s been less than a month since the company formerly known as Eldorado Resorts completed its .3 billion takeover of Caesars, assuming that venerable name in the process. At the time, the deal was mostly praised, though some analysts expressed reservations about the price, citing the operator’s high debt burden.The casino company can eventually acquire the sportsAt the time, the deal was mostly praised, though some analysts expressed reservations about the price, citing the operator’s high debt burden.The casino company can eventually acquire the sportsLouis Magazine)The bank points to multiple layers of a bullish thesis on the operator, including rebounding regional casinos and the company’s positioning in the online gaming and sports wagering industries.PENN sits at the cross-section of a rapidly rebounding regional casino space and inflecting growth in sports betting,” said Goldman in a note to clients today.“Moreover, we believe Barstool Sports’ embedded customer base and content creation engine will drive one of the lowest customer acquisition costs in the sports betting industry, allowing PENN to quickly take share within our proprietary iGaming and Sports Betting models,” he conline casino caribbean stud pokerontinued.With help from the Goldman call, Penn stock is higher by almost 71 percent over the past month, and is up a jaw-dropping 1,326 percent off its March lows.Lauding RelationshipIn January, Penn paid 3 million in cash and equity to take a 36 percent stake in David Portnoy’s Barstool Sports. soaring eagle casino near me