2024.07.08
top 5 online gambling sitesCount Goldman Sachs as the rare investment bank that’s not overly enthusiastic about Caesars Entertainment (NASDAQ:CZR). That figure is a combination of what the old Eldorado Resorts brought to the table in acquiring Caesars and the .8 billion in liabilities the buyer assumed from the target. (Image: NY Post)Today, analyst Stephen Grambling initiated coverage of the newly formed casino goliath with a “hold” rating and a price target, implying modest upside from the close around .90. morongo casino ev chargingWith 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). This area is dubbed the Fremont Street Experience.Vegas Vickie’s MarriageAfter Circa posted a picture on Instagram this wIn 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. poker casino how to win black bear casino cloquet minnesotagold coast casino table gamesOn volume that was well above the daily average, Caesars stock surged 9.52 percent to start the week after the company said it reached a deal with ESPN whereby links to the operator’s sportsbooks will be accessible through ESPN.com and the network’s mobile and fantasy sports apps.Rival DraftKings (NASDAQ:DKNG) booked a similar pact with the worldwide leader in sports, prompting research firm Jefferies to say the agreements are good news for both gaming companies.For his part, Goldman’s Grambling was busy today. But today wasn’t a typical dayseminole casino covid 19 for Caesars.Grambling’s assessment on the stock is undoubtedly lukewarm and, on a standard day, probably would’ve sent the shares lower. On volume that was well above the daily average, Caesars stock surged 9.52 percent to start the week after the company said it reached a deal with ESPN whereby links to the operator’s sportsbooks will be accessible through ESPN.com and the network’s mobile and fantasy sports apps.Rival DraftKings (NASDAQ:DKNG) booked a similar pact with the worldwide leader in sports, prompting research firm Jefferies to say the agreements are good news for both gaming companies.For his part, Goldman’s Grambling was busy today. turtle creek casino newsThe higher financial risk of which the Goldman analyst speaks is the .7 billion in debt the Bally’s operator carries as of June 30. (Image: NY Post)Today, analyst Stephen Grambling initiated coverage of the newly formed casino goliath with a “hold” rating and a price target, implying modest upside from the close around .90. 14 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. morongo casino oasis pool turtle creek casino logoblackjack karten zahlen online casinoNext 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 seminole casino covid 19of an announcement from Caesars management on the fate of the iGaming and sports betting business. 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). This area is dubbed the Fremont Street Experience.Vegas Vickie’s MarriageAfter Circa posted a picture on Instagram this wThe higher financial risk of which the Goldman analyst speaks is the .7 billion in debt the Bally’s operator carries as of June 30. That figure is a combination of what the old Eldorado Resorts brought to the table in acquiring Caesars and the .8 billion in liabilities the buyer assumed from the target. But today wasn’t a typical dayseminole casino covid 19 for Caesars.Grambling’s assessment on the stock is undoubtedly lukewarm and, on a standard day, probably would’ve sent the shares lower. doubledown casino 2017 riverwind casino careers |