viejas casino imagesMuch of that debt is junk-rated, meaning higher interest expense.It could take some time, but trimming that burden is possible. It hasn’t been the billionaire corporate raider’s best bet.Icahn’s acquisition of TER included two properties, both in Atlantic City. 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. events at thunder valley casinoHe closed theHe closed theThe pace of that recovery remains sluggish, but there’s more to the story than just Sin City assets.“The William Hill deal closes late-1Q to early-2Q which should cause investors to start thinking more ablake tahoe casinos newsout the long-term possibilities behind CZR’s sports betting/iGaming platform,” said Wieczynski. harrah s casino 8 canal street

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ggpoker uk casinoAdding up the aforementioned points creates a potentially lucrative deleveraging missive, according to Wieczynski.“Every catalyst we pointed out should help drive leverage lower. 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. s more upside where that came from for the Harrah’s operator. bellagio casino einAlong with the shuttered Trump Plaza, the deal delivered Icahn ownership of Trump Taj Mahal. Atlantic City officials are celebrating with an implosion viewing party. 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. encore casino promo code

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casino resorts gulf coast“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. He closed thetoday announced the February 17 implosion date.End of Trump Entertainment ResortsCarl Icahn took control of Trump Entertainment Resorts (TER) in 2016. 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 lake tahoe casinos newsof the third quarter. 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. He notes that as more of them get vaccinated, pent-up demand will be unleashed as soon as this year. black bear casino food coupons