2024.07.17
table games at oxford casino(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. Count Goldman Sachs as the rare investment bank that’s not overly enthusiastic about Caesars Entertainment (NASDAQ:CZR). The property posted a picture of the restored sign on its Instagram page this weekend.Vegas Vickie was installed in 1980 at Bob Stupak’s Glitter Gulch Casino on Fremont Street. jamul casino wikiThe Vegas Vickie sign on Fremont Street was removed in 2017 to make way for construction of Circa Resort. Next up on the divestment front could be gaming properties in Indiana, followed later by a Las Vegas Strip asset.Grambling, as so many of his colleagues previously have, also highlighted the possibility turtle lake casino hotel numberof an announcement from Caesars management on the fate of the iGaming and sports betting business. That’s a massive mountain of debt, considering Caesars’ market capitalization of .16 billion as of the Sept. desert diamond casino rules reviews of thunder valley casinobig fish casino androidBut that wasn’t the case Monday. But today wasn’t a typical dayturtle lake casino hotel number for Caesars.Grambling’s assessment on the stock is undoubtedly lukewarm and, on a standard day, probably would’ve sent the shares lower. That could come before the end of 2020 and would likely be a positive catalyst for the stock.The bulk of the analysts covering Caesars stock have “buy” ratings. desert diamond casino drug testIn 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. Goldman Sachs isn’t crazy about Caesars stock, but the bank acknowledges catalysts. With Caesars stock having surged from around in early August, it’s not surprising that one of the analyst’s primary concerns is valuation.Valuation (is) largely reflective, given higher financial risk,” said Grambling in a note to clients.He notes the stock trades at 7.9x earnings before interest, taxes, depreciation and amortization (EBITDA). is bingo open at foxwoods casino four winds casino rewardsblack oak indiana casinoThis area is dubbed the Fremont Street Experience.Vegas Vickie’s MarriageAfter Circa posted a picture on Instagram this wThat’s a massive mountain of debt, considering Caesars’ market capitalization of .16 billion as of the Sept. ble games cannot be put into use unless physical barriers are in place between players.But a couple of others in addition to Grambling rate it a “hold.” The Goldman analysts price forecast isn’t far off the Wall Street consensus of .67.The property posted a picture of the restored sign on its Instagram page this weekend.Vegas Vickie was installed in 1980 at Bob Stupak’s Glitter Gulch Casino on Fremont Street. ble games cannot be put into use unless physical barriers are in place between players.aliante casino senior day twin river casino map |