2024.07.05
four winds casino sports bettingA listing photo of the Beverly Hills mansion Steve Wynn is trying to sell. This year, speculation is swirling about the fate of Paris and Planet Hollywood. In a note to clients today, the analyst reiterates a “buy” rating on Caesars’ stock, while boosting his price target to 8 from 0. online slots for real money in usaFormer 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. Caesars’ stock could offer much more upside. river spirit casino pool pictures boulder station casino live kenophone number for firekeepers casinoAn analyst sees an asset sale looming. But it’s traditional casinos driving enthusiasm for the shares. It also liquidated part of the inherited NeoGames (NASDAQ:NGMS) stake. choctaw casino gamesThat’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. Caesars’ 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. black lotus casino new player no deposit bonus seneca niagara casino hotel check in timefree online poker websitesThat’s a move Wall Street likes, because the company significantly defrayed that purchase price by selling William Hill’s international assets for billion. In a note to clients today, the analyst reiterates a “buy” rating on Caesars’ stock, while boosting his price target to 8 from 0. This year, speculation is swirling about the fate of Paris and Planet Hollywood. That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. 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. Former casino mogul Steve Wynn is once again trying to unload one of the most lavish and expansive mansions in Beverly Hills. cashman casino jeux gratuits online casino real money nz |