Oxford Casino Open ster district of the capital city this past week. Caesars Entertainment (NASDAQ:CZR) delivered its first earnings update as the largest US gaming company Thursday after the close of US markets. 0 At The Bellagio Lxwf As expected, the June quarter numbers were dreadful because of the coronavirus shutdown, prompting analysts to focus more on management commentary. Caesars Palace Las Vegas, seen here, may be slow for a while, but analysts like the opportunity with the new Caesars stock. bonus codes for las atlantis casino (Image: Richard Brian/AP)Some members of the sell-side community liked what Caesars CEO Tom Reeg and other executives had to say on yesterday’s conference call. Clubplayercasino Strm

The post-earnings chatter on the name is broadly positive, with price forecasts well in excess of current levels. casino near me san juan puerto rico On the call, Reeg created some buzz in discussing the new Caesars broad online casino and sports wagering business, noting that a decision on that segment could be revealed before the end of 2020, while saying it could generate 0 million to 0 million in revenue next year. Www Sunset Station Casino Com Bvay Germany We believe investors misunderstand CZR’s value regarding iGaming and sports betting,” said Macquarie analyst Chad Beynon in a note to clients today. “With a strong economic partnership with William Hill and 100% economics for iGaming, we believe CZR’s 60 million loyalty members could be worth ~ per share. ”Due to a long-standing relationship with the old Eldorado Resorts — the company that acquired Caesars — William Hill will run the new Caesars’coolcat casino ndb codes 2020 sportsbooks.

Key Insights and Expert Analysis

Caesars is entitled to 50 percent of earnings before interest, taxes, depreciation and amortization (EBITDA) under that agreement, according to Beynon. Meeting Las Vegas ChallengesThe new Caesars has an extensive portfolio of regional casinos, providing some buffer against the current headwinds operators are facing in Las Vegas. admiral casino motherwell In Sin City, the company runs six integrated resorts, a trait some investors view as a drag at a time when many would-be visitors are skittish about traveling because of the COVID-19 pandemic. bug roulette casino gta 5 Some analysts see things differently. Ruby Slots No Deposit Bonus Codes July 2020 Ttda The LV assets’ performance is exceeding our expectations, with every reopened property generating positive EBITDA and solid hotel occupancy,” said Stifel analyst Steven Wieczynski, long a noted Caesars bull.

Wieczynski, who believes the new Caesars can eventually become a 0 stock, notes investor sentiment on Las Vegas is “incredibly negative,” and that’s weighing on the stock. However, he said Reeg and team delivered a compelling case for the strength of the Strip portfolio. casinobonus2.com no deposit bonus On yesterday’s conference call, Reeg said it’s still in the plans to sell a Strip asset, though that timeline could be extended to 18 months from the original forecast of a year after closing the takeover. Focusing on CashSomething investors will be clamoring for going forward is Caesars rejuvenating free cash flow (FCF) while reducing a debt burden that stood at . 7 billion at the end of June.

Beynon, the Maccoolcat casino ndb codes 2020quarie analyst, said he’s confident management can drive 0 million in cost savings, and that there are deleveraging opportunities in the form of selling a Strip venue, as well as three gaming properties in Indiana. Wieczynski, the Stifel analyst, said its possible management exceeds the 0 million cost-cut target and that it’s encouraging or more in per share FCF is in play. little river casino employee portal bovada casino near me He reiterated a “buy” rating on Caesars stock, with a price target, while Beynon reissued an “outperform” call with a forecast. river spirit casino visions buffet The shares closed around today. In its first earnings report in new form, Caesars Entertainment (NASDAQ:CZR) reported a loss of 0 million on revenue of 6. no deposit bonus for online casinos the star gold coast casino dreb code

5 million, down from net income of . 9 million a year earlier. But the stock rose modestly in Thursday’s after-hours session, extending a 6. online casino no deposit bonus september 2020 22 percent gain accrued during normal trading. admiral casino manchester The lobby at Caesars Palace Las bicycle casino christmas event peppermill casinos inc stock blackjack casino odds what year did thunder valley casino open