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is the bellagio a casino“Every catalyst we pointed out should help drive leverage lower.Much of that debt is junk-rated, meaning higher interest expense.”The analyst says another potential spark for Caesars is the 55 and up age demographic.Firming up the balance sheet is vital, because Caesars carried .75 a share in free cash flow by 2023.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.free game slot sky queen