2024.07.12
desert diamond casino valetAn analyst sees an asset sale looming. (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. It also liquidated part of the inherited NeoGames (NASDAQ:NGMS) stake. is zynga poker fairBut Caesars hasn’t publicly said that those are the venues it’s prioritizing in potential sales.“Furthermore, while management has historically indihard rock casino entertainmentcated 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. That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. Interested spartan slots casino 25 free spins santa ana star casino pooladmiral casino yesThe new forecast implies upside of about 20 percent from current levels.Following a recent meeting with Caesars’ management, Wieczynski notes Las Vegas ahard rock casino entertainmentnd regional casinos are performing well, and that’s without the benefit of convention and meeting business. That’s a move Wall Street likes, because the company significantly defrayed that purchase price by selling William Hill’s international assets for billion. Golden’s route business operates in Montana and Nevada, with Illinois and Pennsylvania possible near-term additions.The company generates 85 percent of its revenue from the Las Vegas locals segment, and is the dominant force in hyper-local Las Vegas gaming offerings.free casino slot machine games for funCaesars’ stock could offer much more upside. It also liquidated part of the inherited NeoGames (NASDAQ:NGMS) stake. A listing photo of the Beverly Hills mansion Steve Wynn is trying to sell. apps for free slot games red stag online casino instant playencore casino jobs everett“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. That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. “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).”This year, speculation is swirling about the fate of Paris and Planet Hollywood. Caesars’ stock could offer much more upside. A listing photo of the Beverly Hills mansion Steve Wynn is trying to sell. no deposit bonus casinos promo code casino x no deposit bonus |