mgm casino fort washington mdThat’s a boon for Caesars because it’s the second-largest operator on the Las Vegas Strip.Additionally, the company has limited international exposure and appears more interested in parting with what non-US assets it has than acquiring more. That’s following last week’s news of a local family of four contracting COVID-19, representing the special administrative region’s (SAR) first cases in over 500 days.Bank of America also mentioned geopolitical tensions between the US and China as a potential drag on Wynn stock. Tourists walk past Caesars Palace Las Vegas. wild casino safeThat’s when the Big Apple’s newest hotel opened in Queens. Today, CZR sits at <3% digital market share. (Image: Las Vegas Review-Journal)In a note to clients today, the bank upgrades the Caesars Palace operator to “buy” from “neutral,” while paring its rating on Wynn to “neutral” from “buy.” Bank of America is enthusiastic about Caesars’ increasing exposure to the fast-growing iGaming and sports wagering industries.We think CZR can transform (again) into an omni-channel winner, with accelerating online market share. club player casino no deposit bonus codes 2020

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hollywood casino amphitheatre 2020That’s when the Big Apple’s newest hotel opened in Queens. But we think this is poised to rise via a large .5B budget ovisland view casino fooder the next 2.5 years, strong front end partnerships (ESPN, CBS, NFL), and an experienced back end and tech team powered by William Hill, and Total Rewards,” said the bank.Last week, Caesars unveiled the new look of Caesars Sportsbook while saying it plans to spend at least billion over the next couple of years as it looks to catch up to rivals such as FanDuel, DraftKings, and BetMGM.For Caesars, Domestic Is BetterPart of the reason Bank of America is bullish on Caesars is the operator’s heavily domestic footprint, which levers it to strength in regional markets, as well as the ongoing recovery in Las Vegas.While a new mask mandate has come to Nevada, stoking concern about the outlook for convention and meeting business into year-end, Sin City is still recovering from the coronavirus pandemic faster than Macau. Bank of America prefers that operator’s stock to Wynn Resorts. poker hand casino royaleHowever, the prevailing wisdom among market observers is that the three US-based concessionaires — Las Vegas Sands, MGM, and Wynn — will likely have gaming permits renewed, along with their Asia-based rivals, next year.That transaction, for which a buyer is expected to be announced in the fourth quarter, will drum up proceeds Caesars can use to fund its online expansion efforts.“To fund this transition, CZR now has a strong, cash generative land-based casino business that should deleverage rapidly and throw off meaningful cash flowisland view casino food,” said Bank of America.Wynn Plagued by MacauIn downgrading Wynn, Bank of America highlights the familiar issue of Macau. Visitor volumes to Las Vegas have consistently improved in each month this year. bovada casino no deposit bonus codes august 2020

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mountaineer casino concerts 2021The number of visitors who traveled to Southern Nevada in June totaled almost 13.5 million people. That’s following last week’s news of a local family of four contracting COVID-19, representing the special administrative region’s (SAR) first cases in over 500 days.Bank of America also mentioned geopolitical tensions between the US and China as a potential drag on Wynn stock. New York City’s only casino got a little larger on Friday. Executives from Genting Group and Hyatt Corporation gathered with local leaders to cut the ribbon on the 0 million Hyatt Regency JFK Airport at Resorts World New York. . New York City’s only casino got a little larger on Friday. poker casino wien