brian christopher slots palm springsJPMorgan is bullish on the new Caesars stock, citing regional casinos and sports betting. “We know Labor Day will be fine. The stock raced to a new 52-week high after Goldman Sachs initiated coverage of the gaming company with a “buy” rating. free slot games in vegas“We know Labor Day will be fine. That’s after JPMorgan restarted coverage of the gaming company with an “outperform” rating. Now that more states are expected to permit one or both of those pastimes as avenues for bolstering revenue following COVID-19, analysts are ratcheting up estimates.Some are saying sports betting alone could swell to billion, with online casinos jumping to .5 billion over the next several years.JPMorgan likes “the attractive growth potential of the US sports betting/iGaming industry, a segment that likely will be broken out/separated from land-based casinos sooner rather than later — a potential catalyst for valuation multiple expansion and an opportunity we believe is worth per share, or ~46% of the current share price,” according to the bank.Big Bucks BetsOn a conference call with analysts and investors last week, Caesars CEO Tom Reeg said a “permanent solution” for the company’s iGaming and sports wagering businesses could be revealed by the end of this year.Last year, Reeg mentioned the units could be spun off to generate value for investors because the old Caesars equity didn’t adequately reflect the growth opportunity offered by those businesses. online casino jackpot

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aliante casino live entertainmentShares of Penn National Gaming (NASDAQ:PENN) are higher by more than seven percent Thursday. Caesars Palace in Atlantic City. Citing frequently discussed factors, such as strength in the operator’s regional portfolios and sports wagering, JPMorgan calls the new Caesars an “attractive” opportunity among gaming equities.We view CZR as a high-risk, high-reward stock (35% upside) for investors seeking exposure to the recovery of the US regional gaming market, which has a permanently lower operating expense structure that should yield higher than historical margins,” said the bank in a note to clients.Better-than-expected traffic and higher margins, particularly at properties in the South, are propping up Caesars’ regional portfolio. bovada casino license(Image: CNBC)It’s been less than a month since the company formerly known as Eldorado Resorts completed its .3 billion takeover of Caesars, assuming that venerable name in the process. At the time, the deal was mostly praised, though some analysts expressed reservations about the price, citing the operator’s high debt burden.The casino company can eventually acquire the sportsIn one of the best days in its new form, Caesars Entertainment (NASDAQ:CZR) is higher by nine percent in midday trading. mohegan sun casino youtube

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la roulette casino technique(Image: St. Caesars Palace in Atlantic City. tated. He was carhard rock casino directionseful to note the company won’t react in knee-jerk fashion simply because markets are assigning lofty multiples to online gaming firms.The CEO said internet casinos and sports wagering could generate 0 million to 0 million in revenue for the company in 2021, with New Jersey iGaming alone contributing 5 million.JPMorgan has a price target on Caesars, implying roughly 25 percent upside from current levels. Wall Street is mostly bullish on the largest domestic gaming company. He was carhard rock casino directionseful to note the company won’t react in knee-jerk fashion simply because markets are assigning lofty multiples to online gaming firms.The CEO said internet casinos and sports wagering could generate 0 million to 0 million in revenue for the company in 2021, with New Jersey iGaming alone contributing 5 million.JPMorgan has a price target on Caesars, implying roughly 25 percent upside from current levels. blackjack fun casino