2024.07.16
casino uniformAn analyst sees an asset sale looming. That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. But it’s possible the company could be motivated by the price points on recent sales. borgata casino open todayThis year, speculation is swirling about the fate of Paris and Planet Hollywood. This year, speculation is swirling about the fate of Paris and Planet Hollywood. Owing to the expanse of Caesars Rewards, the industry’s largest loyalty program, the company has enviable cross-selling opportunities that could drive long-term value in next-generation gaming.“Not only does the largest land-based rewards database present ample low-cost customer acquisition opportunities, but we also expect management to explore innovative ways to unlock further valuefoxwoods resort casino outlets at their brick and mortar properties as well,” concludes Wieczynski. choctaw casino rv park casino extreme codes 2020free online poker bonus no depositThe new forecast implies upside of about 20 percent from current levels.Following a recent meeting with Caesars’ management, Wieczynski notes Las Vegas afoxwoods resort casino outletsnd regional casinos are performing well, and that’s without the benefit of convention and meeting business. But Caesars hasn’t publicly said that those are the venues it’s prioritizing in potential sales.“Furthermore, while management has historically indifoxwoods resort casino outletscated a sale of a Strip asset would likely follow normalization in the group segment, we think recent transactions in the market (Cosmopolitan, Venetian/Palazzo) could see management act more opportunistically to unlock value in their portfolio and drive leverage lower,” adds Wieczynski. Interested bellagio casino kapchagayBut it’s possible the company could be motivated by the price points on recent sales. “Given where comps have transacted, we see no reason why CZR couldn’t get as high as a low-teens multiple on one of the assets perceived to be for sale.”The analyst adds the sale of a Strip venue should dramatically accelerate management’s efforts to delever the balance sheet.Ahead of the Curve in Sports BettingData suggest Caesars’ newly launched online sportsbook has ground to make up against larger rivals. atalysts.Some analysts believe the current share price doesn’t reflect the potential for Golden to land an attractive route business contract in Pennsylvania, and most agree the .2 billion in unused Las Vegas real estate the operator owns isn’t adequately priced into the shares either. free triple 7 slot games free slot machines i can playraging bull casino free spin codesBut it’s possible the company could be motivated by the price points on recent sales. That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. Owing to the expanse of Caesars Rewards, the industry’s largest loyalty program, the company has enviable cross-selling opportunities that could drive long-term value in next-generation gaming.“Not only does the largest land-based rewards database present ample low-cost customer acquisition opportunities, but we also expect management to explore innovative ways to unlock further valuefoxwoods resort casino outlets at their brick and mortar properties as well,” concludes Wieczynski. “Given where comps have transacted, we see no reason why CZR couldn’t get as high as a low-teens multiple on one of the assets perceived to be for sale.”The analyst adds the sale of a Strip venue should dramatically accelerate management’s efforts to delever the balance sheet.Ahead of the Curve in Sports BettingData suggest Caesars’ newly launched online sportsbook has ground to make up against larger rivals. That’s a performance many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. But it’s traditional casinos driving enthusiasm for the shares. foxwoods online betting wild horse pab casino tower |