2024.07.12
bovada online casino app(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 . (Image: AP)Conceived by former President Donald Trump, the Boardwalk casino resort opened in May of 1984. (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 . nearest casino near me nowSeen here in 1994 outside his Trump Plaza, the last casino to bear Donald Trump’s last name will come down next month. 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. (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 . hollywood casino pennsylvania slot casino online modriverwind casino hotel priceMuch of that debt is junk-rated, meaning higher interest expense.It could take some time, but trimming that burden is possible. He closed theAlong with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. sunset station casino addrebIt hasn’t been the billionaire corporate raider’s best bet.Icahn’s acquisition of TER included two properties, both in Atlantic City. Much of that debt is junk-rated, meaning higher interest expense.It could take some time, but trimming that burden is possible. The new forecast implies upside of more than 25 percent from current levels.While COVID headwinds could pressure near-term estimates as travel/gathering restrictions remain in place (and could get worse), we believe CZR remains well positioned long-term as the world eventually recovers from this pandemic, given their compelling asset mix (Vegas/regionals/sports betting/iGaming),” said the analyst.Earlier this month, Nevada Gov. cache creek casino live cam golden nugget casino michiganquick hit slots – free casino slot machines games“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. Wieczynski says Caesars can top the 0 million in cost efficiencies promised through last year’s merger with Eldorado Resorts, and that the operator could generate as much as .75 a share in free cash flow by 2023.Trump Plaza in Atlantic City is scheduled for demolition on February 17. The building has been vacant since 2014. Steve Sisolak (D) extended for 30 days the policy that casinos, bars, and restaurants must cap capacity at 25 percent to stem the spread of the coronavirus. It closed in September of 2014 and has sat vacant since.Trump departed DC this week after serving one term. doubledown casino free chips 2021 riverwind casino commercial 2019 |