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palace station casino floor planWhile authorities there are reluctant to implement another casino shutdown, the situation is tenuous. (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. That’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. scarlet pearl casino online gamesThe lobby connecting the hotel to the casino is large enough to hold art exhibits and events like musical performances.Genting Americas East President Bob DeSalvio said opening the world-class hotel was a perfect w. The 0 million hotel is the latest investment Genting has made at the Queens casino, located at Aqueduct racetrack. bellagio casino credit 7 clans casino table gamespoker jamul casinoBank of America is reconfiguring its ratings on casino equities, and it’s moving Caesars Entertainment (NASDAQ:CZR) ahead of Wynn Resorts (NASDAQ:WYNN) on the list. Bank of America prefers that operator’s stock to Wynn Resorts. 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 flowthunder valley casino lost and found,” said Bank of America.Wynn Plagued by MacauIn downgrading Wynn, Bank of America highlights the familiar issue of Macau. mohegan sun casino things to doThe 0 million hotel is the latest investment Genting has made at the Queens casino, located at Aqueduct racetrack. Visitor volumes to Las Vegas have consistently improved in each month this year. Though that’s down 36 percent from pre-pandemic June 2019, it’s a 39 percent gain on June 2020. golden palace casino brubels harrah s casino renoresorts casino new york stateGenting Americas East President Bob DeSalvio speaks at the Hyatt Regency JFK Airport at Resorts World New York City opening Frthunder valley casino lost and foundiday. . While authorities there are reluctant to implement another casino shutdown, the situation is tenuous. While authorities there are reluctant to implement another casino shutdown, the situation is tenuous. Prior to the coronavirus pandemic, the world’s largest casino center accounted for 70 percent of the operator’s earnings before interest, taxes, depreciation and amortization (EBITDA).Ongoing visa restrictions and lack of a travel bubble with Hong Kong are among the issues weighing on Macau concessionaires, including Wynn. 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 flowthunder valley casino lost and found,” said Bank of America.Wynn Plagued by MacauIn downgrading Wynn, Bank of America highlights the familiar issue of Macau. free casino slots on ipad table games at soaring eagle casino |