wild 7 casino amaticBut it’s possible the company could be motivated by the price points on recent sales. Former casino mogul Steve Wynn is once again trying to unload one of the most lavish and expansive mansions in Beverly Hills. Caesars Palace, located on the Vegas Strip, seen above. live casino annapolisThat’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. This year, speculation is swirling about the fate of Paris and Planet Hollywood. That’s a move Wall Street likes, because the company significantly defrayed that purchase price by selling William Hill’s international assets for billion. aliante casino floor plan

sunset station casino nv

wynn casino in las vegas nevadaThat’s a move Wall Street likes, because the company significantly defrayed that purchase price by selling William Hill’s international assets for billion. But Caesars hasn’t publicly said that those are the venues it’s prioritizing in potential sales.“Furthermore, while management has historically indifoxwoods resort casino outletscated 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. “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).”100 no deposit bonus casino 2021But it’s possible the company could be motivated by the price points on recent sales. However, some investors are pondering how long top-line and margin expansion is plausible as consumer stimulus fades.Management firmly sees these concerns as overblown, highlighting that (1) the current trend in the savings rate could imply tailwinds to the consumer through 2023 and (2) their overall cost structure is predominately ‘right-sized’ by this point, with any modest pockets of cost inflation likely offset by the return of the high margin group customer,” said the Stifel analyst.The Flamingo operator is one of Wall Street’s favorite gaming equities, a status accrued by management’s reputation for managing margins and generating free cash flow, among other factors.Asset Sale Could Be Another Spark for Caesars StockAmid recent Strip asset sales, including the Venetian and Sands Convention Center in March and the Cosmopolitan late last month, it’s possible Caesars opts to accelerate the timeline for divestment of one of its Las Vegas properties.Previously, the operator said such a transaction would not occur until next year. The new forecast implies upside of about 20 percent from current levels.Following a recent meeting with Caesars’ management, Wieczynski notes Las Vegas afoxwoods resort casino outletsnd regional casinos are performing well, and that’s without the benefit of convention and meeting business. no deposit silver oak casino

borgata atlantic city casino games

soaring eagle casino resortCaesars’ stock could offer much more upside. (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. But it’s possible the company could be motivated by the price points on recent sales. 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.That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. An analyst sees an asset sale looming. raging bull casino sign up