river spirit casino hotel restaurantsAdding up the aforementioned points creates a potentially lucrative deleveraging missive, according to Wieczynski.“Every catalyst we pointed out should help drive leverage lower. (Image: Barron’s)In a note to clients today, Stifel analyst Steven Wieczynski reiterates a “buy” rating on Caesars stock, while lifting his price target on the name to 5 from . It hasn’t been the billionaire corporate raider’s best bet.Icahn’s acquisition of TER included two properties, both in Atlantic City. river spirit casino hrHe notes that as more of them get vaccinated, pent-up demand will be unleashed as soon as this year. Along with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. Adding up the aforementioned points creates a potentially lucrative deleveraging missive, according to Wieczynski.“Every catalyst we pointed out should help drive leverage lower. firekeepers casino covid 19

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roulette casino 666He notes that as more of them get vaccinated, pent-up demand will be unleashed as soon as this year. An analyst sees a lot to like with the stock. Any deleveraging event that CZR can participate in will only drive the equity value higher, given leverage is one of the biggest overhangs on this story,” he writes.Firming up the balance sheet is vital, because Caesars carried .2 billion in liabilities as of the end atlantica golden palace casinoof the third quarter. big fish casino jackpot clubsCaesars Palace Las Vegas, seen here. “Once the deal closes, we would expect management to start laying out more details behind a possible sports betting/iGaming spinout, or what the earnings power of the 100% controlled entity could look like.”The analyst says another potential spark for Caesars is the 55 and up age demographic. It closed in September of 2014 and has sat vacant since.Trump departed DC this week after serving one term. foxwoods resort casino pool

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luckyland casino dealsHe notes that as more of them get vaccinated, pent-up demand will be unleashed as soon as this year. Add that into the sports betting thesis, and there’s room for more upside in the stock.“We believe there are eight to 12 states that could go down the path of legalizing sports betting this year which should continue to support long-term total addressable market (TAM) estimates (no matter how crazy they are),” said Wieczynski.Other Levers to PullThe Stifel analyst points out that Caesars remains intent on divesting a Strip property, and that process could accelerate as coronavirus vaccines are distributed on a broader scale. “Once the deal closes, we would expect management to start laying out more details behind a possible sports betting/iGaming spinout, or what the earnings power of the 100% controlled entity could look like.”The analyst says another potential spark for Caesars is the 55 and up age demographic. Icahn never found a suitable buyer for either casino. Trump Plaza in Atlantic City is scheduled for demolition on February 17. Along with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. wynn casino las vegas parking