2024.07.18
riversweeps online casino free bonusCaesars Entertainment (NASDAQ:CZR) stock is up 56.39 year-to-date. But it’s traditional casinos driving enthusiasm for the shares. “As one example, management has already begun to utilize sports betting marketing data to drive promotional decisions at the property (those customers would effectively be treated as unrated, otherwise).”big dollar casino codesCaesars’ stock could offer much more upside. This year, speculation is swirling about the fate of Paris and Planet Hollywood. That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. poker winning hand chart casino near me with jacuzzi in roomstar casino gold coast kiyomiBut it is a rising player in the space.Caesars is using the .69 billion acquisition of William Hill to make a splash in iGaming and sports wagering. Interested Interested boomtown casino free play“Given where comps have transacted, we see no reason why CZR couldn’t get as high as a low-teens multiple on one of the assets perceived to be for sale.”The analyst adds the sale of a Strip venue should dramatically accelerate management’s efforts to delever the balance sheet.Ahead of the Curve in Sports BettingData suggest Caesars’ newly launched online sportsbook has ground to make up against larger rivals. (Image: New York Post)The operator is the second-largest on the Las Vegas Strip, and has a deep portfolio of regional assets, both of which are setting quarterly records, says Stifel analyst Steven Wieczysnski. This year, speculation is swirling about the fate of Paris and Planet Hollywood. island view casino gulfport employment blackjack casino worlddoubledown casino million chip codesBut it’s possible the company could be motivated by the price points on recent sales. It also liquidated part of the inherited NeoGames (NASDAQ:NGMS) stake. atalysts.Some analysts believe the current share price doesn’t reflect the potential for Golden to land an attractive route business contract in Pennsylvania, and most agree the .2 billion in unused Las Vegas real estate the operator owns isn’t adequately priced into the shares either. In a note to clients today, the analyst reiterates a “buy” rating on Caesars’ stock, while boosting his price target to 8 from 0. But Caesars hasn’t publicly said that those are the venues it’s prioritizing in potential sales.“Furthermore, while management has historically indiharrah s casino valley centercated a sale of a Strip asset would likely follow normalization in the group segment, we think recent transactions in the market (Cosmopolitan, Venetian/Palazzo) could see management act more opportunistically to unlock value in their portfolio and drive leverage lower,” adds Wieczynski. An analyst sees an asset sale looming. paragon casino indoor pool bicycle casino live poker games |