2024.07.12
online casino real money nz paysafeAn analyst sees an asset sale looming. Caesars Entertainment (NASDAQ:CZR) stock is up 56.39 year-to-date. An analyst sees an asset sale looming. cool cat casino tournamentsBut it’s possible the company could be motivated by the price points on recent sales. (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. That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. golden nugget casino billings mt casino blackjack explainedmorongo casino palm springsBut 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. Caesars Palace, located on the Vegas Strip, seen above. Former casino mogul Steve Wynn is once again trying to unload one of the most lavish and expansive mansions in Beverly Hills. wild horse pab casino covid“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. In a note to clients today, the analyst reiterates a “buy” rating on Caesars’ stock, while boosting his price target to 8 from 0. “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. online casino yukon gold table games at firekeepers casinobovada casino voucher codeCaesars Palace, located on the Vegas Strip, seen above. But it’s possible the company could be motivated by the price points on recent sales. 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. But it’s traditional casinos driving enthusiasm for the shares. 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. Caesars Entertainment (NASDAQ:CZR) stock is up 56.39 year-to-date. little river casino water park online slots for real cash |