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hollywood casino turn 2The sign has been restored and is inside the new downtown hotel-casino. (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.blackjack how to play casinoWith 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). The 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. But that wasn’t the case Monday. downstream casino 4th july celebration

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