2024.07.19
free slots games(Image: AP)Conceived by former President Donald Trump, the Boardwalk casino resort opened in May of 1984. (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 . “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. soaring eagle casino kumbia kingsSeen here in 1994 outside his Trump Plaza, the last casino to bear Donald Trump’s last name will come down next month. The pace of that recovery remains sluggish, but there’s more to the story than just Sin City assets.“The William Hill deal closes late-1Q to early-2Q which should cause investors to start thinking more ablake tahoe casinos newsout the long-term possibilities behind CZR’s sports betting/iGaming platform,” said Wieczynski. Icahn never found a suitable buyer for either casino. seneca niagara casino golf course clearwater casino seattlez casino black hawk co 80422Wieczynski says Caesars can top the 0 million in cost efficiencies promised through last year’s merger with Eldorado Resorts, and that the operator could generate as much as .75 a share in free cash flow by 2023.Neither the billionaire nor his family have been involved in the gaming industry for many years.The building has been crumbling in recent years, and the towering structure has been a stark reminder of the region’s economic difficulties over the past decade-plus. Along with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. casinos near me hoursAdd 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. Caesars Palace Las Vegas, seen here. 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. is peppermill casino reno open table roulette casino achatmiami club casino no deposit bonus free spinsAtlantic City officials are celebrating with an implosion viewing party. s more upside where that came from for the Harrah’s operator. (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 . Icahn never found a suitable buyer for either casino. s more upside where that came from for the Harrah’s operator. He closed thelive casino rooms golden nugget casino in biloxi |