2024.07.17
black hawk casino locationThe 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. (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. But a couple of others in addition to Grambling rate it a “hold.” The Goldman analysts price forecast isn’t far off the Wall Street consensus of .67.island view casino numberWith 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). (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. 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. mohegan sun casino giveaways coushatta casino numberonline casino real money ohioCount Goldman Sachs as the rare investment bank that’s not overly enthusiastic about Caesars Entertainment (NASDAQ:CZR). But a couple of others in addition to Grambling rate it a “hold.” The Goldman analysts price forecast isn’t far off the Wall Street consensus of .67.That’s a massive mountain of debt, considering Caesars’ market capitalization of .16 billion as of the Sept. free slots igtIn 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. Count Goldman Sachs as the rare investment bank that’s not overly enthusiastic about Caesars Entertainment (NASDAQ:CZR). 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). pechanga casino hotel reservation slot casino resortonline casino promotionsThe casino later became a strip club, but the sign remained at that site until 2017.That’s when Circa owner Derek Stevens had the sign removed to make way for the construction of his new resort on that block. It is the first hotel-casino to be built from the ground up in downtown Las Vegas in 40 years.The intent in bringing the sign inside Circa is to unite “old and new Vegas in nelucky tiger online casinover-before-seen ways,” the resort’s website says.Circa is being built on one of the city’s oldest and most historic streets, where colorful gaming pioneers, such as former Texas outlaw Benny Binion, once owed casinos.Portions of Fremont Street, including where Circa is being constructed, were closed to traffic and turned into a canopied pedestrian mall 26 years ago. 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. (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. It is the first hotel-casino to be built from the ground up in downtown Las Vegas in 40 years.The intent in bringing the sign inside Circa is to unite “old and new Vegas in nelucky tiger online casinover-before-seen ways,” the resort’s website says.Circa is being built on one of the city’s oldest and most historic streets, where colorful gaming pioneers, such as former Texas outlaw Benny Binion, once owed casinos.Portions of Fremont Street, including where Circa is being constructed, were closed to traffic and turned into a canopied pedestrian mall 26 years ago. 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. 3 card poker winning hands miami club casino bonus codes |