Caesar Casino Stock lissold said in a recent report. CNBC ran a screen for stocks that held up during with the 2013 taper tantrum, with the qualifiers of 20 percent upside to current price targets and at least 70 percent of analysts covering the stock rating it a “buy. ” Caesars was one of 11 that made the list. Caesars Different TodayMarket participants frequently acknowledge historical precedent and trends. But tapering is different, because the aforementioned 2013 scenario is the only prior example. casino table de poker That could be a sign there are no guarantees the upcoming tapering will mirror the prior episode, or if there will be a “tantrum” at all.

Specific to Caesars, the gaming company looks far different today than it did in 2013. free slot machines online dragon spin It’s now the largest domestic casino operator by number of venues, following the 2020 takeover by Eldorado Resorts that created “new Caesars. casino 360 no deposit bonus ” The Flamingo operator is one of Wall Street’s favorite gaming equities, a status accrued by management’s reputation for managing margins and generating free cash flow, among other factors. The operator is the second-largest on the Las Vegas Strip, and has a deep portfolio of regional assets, both of which are setting quarterly records. caesar casino free coins link casino near me virginia It’s also an emerging player in the fast-growing iGaming and sports betting segments. u.s. based online casinos doubledown casino install Sports wagering wasn’t legal outside of Nevada during the prior tapering scenario.

Key Insights and Expert Analysis

Caesars stock is up 49 percent year-to-date. It offers 30 percent upside to the consensus price targeseminole casino immokalee eventst, and 73 percent of the analysts covering rate it a “buy. harrah s casino maricopa arizona gslot casino no deposit bonus codes ”Tapering History for Caesars StockOne factor in favor of Caesars against a tapering backdrop is that it’s classified as a consumer discretionary name. That sector was one of the top three performers during the 2013 taper tantrum. table games casino baccarat Las Atlantis No Deposit Code Bxkr Denmark Separately, the company said earlier this week it could have as much as billion in cash to deploy next year. Much of that will go toward reducing debt, and that it’s eyeing a sale of one of its Las Vegas Strip venues in early 2022.

Caesars is the only gaming equity on the CNBC list of potential taper winners. MGM Resorts International (NYSE:MGM) confirmed on its third-quarter earnings conference call Wednesday that it has commenced the sale process for the Mirage on the Las Vegas Strip. That brings an end to long-running speculation about the fate of the integrated resort. Nearest Casino Davenport Iowa Jrvu MGM is selling Mirage operating rights. four winds casino kid quest An analyst says the deal could fetch up to 0 million. (Image: 8NewsNow.

com)The divestment marks the end of an era for MGM’s association with the property, which Steve Wynn opened in 1989. In 2000, the operator previously known as MGM Grand doled out . 4 billion to acquire the company, then known as Mirage Resorts. The Bellagio, Treasure Island, a 50 percent stake in the Monte Carlo, and other Nevada gaming venues – as well as casinos in Australia, Detroit, and Mississippi – were included in that deal. twin river casino providence On a conference call with analysts, MGM CEO Bseminole casino immokalee eventsill Hornbuckle, who started his career at the Mirage in 1989, said the largest operator on the Strip is in the “early stages” of the sale process. seneca niagara casino vs fallsview casino Jamul Casino Giveaway Today Fgda Today we are announcing that, after careful consideration, we have made the decision to sell the operations of The Mirage to another operator, a move that we believe is best for the long-term success of both the property and MGM Resorts,” said Hornbuckle in a letter to Mirage staffers. mgm casino game app Is Turtle Lake Casino Open Yet Ofjg Denmark

Mirage’s real estate is owned by MGM Growth Properties (NYSE:MGP), the gaming real estate investment trust (REIT) spun-off by MGM in 2016. miami club casino promo codes peppermill casino steakhouse VICI Properties is in the process of acquiring MGP for . 2 billion in equity. Strip Asset Sales Still HotSince late 2019, the pace of property