2024.07.19
cliff castle casino luck busThe iconic Vegas Vickie sign that towered over Fremont Street for decades has found a home inside a new casino nearing completion in downtown Las Vegas. On volume that was well above the daily average, Caesars stock surged 9.52 percent to start the week after the company said it reached a deal with ESPN whereby links to the operator’s sportsbooks will be accessible through ESPN.com and the network’s mobile and fantasy sports apps.Rival DraftKings (NASDAQ:DKNG) booked a similar pact with the worldwide leader in sports, prompting research firm Jefferies to say the agreements are good news for both gaming companies.For his part, Goldman’s Grambling was busy today. Goldman Sachs isn’t crazy about Caesars stock, but the bank acknowledges catalysts. pechanga casino diningBut that wasn’t the case Monday. That figure is a combination of what the old Eldorado Resorts brought to the table in acquiring Caesars and the .8 billion in liabilities the buyer assumed from the target. On volume that was well above the daily average, Caesars stock surged 9.52 percent to start the week after the company said it reached a deal with ESPN whereby links to the operator’s sportsbooks will be accessible through ESPN.com and the network’s mobile and fantasy sports apps.Rival DraftKings (NASDAQ:DKNG) booked a similar pact with the worldwide leader in sports, prompting research firm Jefferies to say the agreements are good news for both gaming companies.For his part, Goldman’s Grambling was busy today. online casino 400 deposit bonus 6 casino court torquayfree wonder 4 slotsThat’s a massive mountain of debt, considering Caesars’ market capitalization of .16 billion as of the Sept. The higher financial risk of which the Goldman analyst speaks is the .7 billion in debt the Bally’s operator carries as of June 30. In addition to the new coverage on Caesars, he downgraded MGM Resorts International (NYSE:MGM) to “sell” from “hold,” while reiterating a “buy” rating on Penn National Gaming (NASDAQ:PENN).Not Too GloomyWhile a “neutral” grade on a stock may imply some level of mediocrity, Grambling isn’t entirely negative on Caesars.He reminds investors the company offers plenty of catalysts over the next six to 12 months, including property reopenings, management focus on realizing at least 0 million in savings via the aforementioned takeover, and cash-generating asset sales. winstar world casino kid friendlyThe higher financial risk of which the Goldman analyst speaks is the .7 billion in debt the Bally’s operator carries as of June 30. The iconic Vegas Vickie sign that towered over Fremont Street for decades has found a home inside a new casino nearing completion in downtown Las Vegas. But today wasn’t a typical dayfree blazing 7 casino slots for Caesars.Grambling’s assessment on the stock is undoubtedly lukewarm and, on a standard day, probably would’ve sent the shares lower. is mgm casino open in detroit black oak casino job faircaesar casino tunicaThe higher financial risk of which the Goldman analyst speaks is the .7 billion in debt the Bally’s operator carries as of June 30. But today wasn’t a typical dayfree blazing 7 casino slots for Caesars.Grambling’s assessment on the stock is undoubtedly lukewarm and, on a standard day, probably would’ve sent the shares lower. (Image: NY Post)Today, analyst Stephen Grambling initiated coverage of the newly formed casino goliath with a “hold” rating and a price target, implying modest upside from the close around .90. But that wasn’t the case Monday. That figure is a combination of what the old Eldorado Resorts brought to the table in acquiring Caesars and the .8 billion in liabilities the buyer assumed from the target. That’s a massive mountain of debt, considering Caesars’ market capitalization of .16 billion as of the Sept. is peppermill casino reno open chinook winds casino rewards |