2024.07.20
draftkings at the casino queenTwo days after Presidents’ Day next month, the ex-president’s former casino will fall.It will ceremonially mark the end of Trump’s casino career. He closed thes more upside where that came from for the Harrah’s operator. chukchansi casino membership(Image: Barron’s)In a note to clients today, Stifel analyst Steven Wieczynski reiterates a “buy” rating on Caesars stock, while lifting his price target on the name to 5 from . Trump Plaza in Atlantic City is scheduled for demolition on February 17. The building has been vacant since 2014. tachi palace hotel casino proximos eventos chumba casino free scseneca niagara casino wiki“Once the deal closes, we would expect management to start laying out more details behind a possible sports betting/iGaming spinout, or what the earnings power of the 100% controlled entity could look like.”The analyst says another potential spark for Caesars is the 55 and up age demographic. The building has been vacant since 2014. An analyst sees a lot to like with the stock. cache creek casino harvest buffetAdding up the aforementioned points creates a potentially lucrative deleveraging missive, according to Wieczynski.“Every catalyst we pointed out should help drive leverage lower. today announced the February 17 implosion date.End of Trump Entertainment ResortsCarl Icahn took control of Trump Entertainment Resorts (TER) in 2016. The pace of that recovery remains sluggish, but there’s more to the story than just Sin City assets.“The William Hill deal closes late-1Q to early-2Q which should cause investors to start thinking more absam s town casino floor planout the long-term possibilities behind CZR’s sports betting/iGaming platform,” said Wieczynski. wild casino online red stag casino promo codewhat tribe owns desert diamond casinoHe notes that as more of them get vaccinated, pent-up demand will be unleashed as soon as this year. Adding up the aforementioned points creates a potentially lucrative deleveraging missive, according to Wieczynski.“Every catalyst we pointed out should help drive leverage lower. Adding up the aforementioned points creates a potentially lucrative deleveraging missive, according to Wieczynski.“Every catalyst we pointed out should help drive leverage lower. Atlantic City officials are celebrating with an implosion viewing party. The new forecast implies upside of more than 25 percent from current levels.While COVID headwinds could pressure near-term estimates as travel/gathering restrictions remain in place (and could get worse), we believe CZR remains well positioned long-term as the world eventually recovers from this pandemic, given their compelling asset mix (Vegas/regionals/sports betting/iGaming),” said the analyst.Earlier this month, Nevada Gov. Add that into the sports betting thesis, and there’s room for more upside in the stock.“We believe there are eight to 12 states that could go down the path of legalizing sports betting this year which should continue to support long-term total addressable market (TAM) estimates (no matter how crazy they are),” said Wieczynski.Other Levers to PullThe Stifel analyst points out that Caesars remains intent on divesting a Strip property, and that process could accelerate as coronavirus vaccines are distributed on a broader scale. encore casino age limit free slots slotomania |