2024.07.18
free online blackjack just for fun(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 . He notes that as more of them get vaccinated, pent-up demand will be unleashed as soon as this year. Much of that debt is junk-rated, meaning higher interest expense.It could take some time, but trimming that burden is possible. nearest casino gamingSteve Sisolak (D) extended for 30 days the policy that casinos, bars, and restaurants must cap capacity at 25 percent to stem the spread of the coronavirus. “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. Atlantic City officials are celebrating with an implosion viewing party. aliante casino oyster bar chumba casino gold coins valuehollywood casino vaccineAdd 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. He closed theAtlantic City officials are celebrating with an implosion viewing party. caesar casino bonus collectorAdding up the aforementioned points creates a potentially lucrative deleveraging missive, according to Wieczynski.“Every catalyst we pointed out should help drive leverage lower. Seen here in 1994 outside his Trump Plaza, the last casino to bear Donald Trump’s last name will come down next month. Two 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. mountaineer casino table games twin river casino table gamesborgata casino promoThe smaller north hotel tower will remain, as will the rear parking garage across Pacific Avenslotocash casino free 31ue.Atlantic City Mayor Marty Small Sr. Trump Plaza in Atlantic City is scheduled for demolition on February 17. An analyst sees a lot to like with the stock. 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. Icahn never found a suitable buyer for either casino. An analyst sees a lot to like with the stock. borgata casino online match morongo casino pet policy |