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As an incentive, P2E has offered to pay million to build a sports and entertainment complex on the 100-acre site at the Lakeshore Marina. The casino operator has additionally promised million to help construct the Slidell ring levee. river spirit casino valet Caesars Entertainment (NASDAQ:CZR) stock is higher by six percent in early trading Wednesday, a day after the gaming company delivered a blistering first-quarter earnings report — one including commentary that Las Vegas is roaring back to life. the mountaineer casino The lobby of Caesars Palace Las Vegas. sycuan casino new years eve Caesars stock is soaring thanks to a strong profit outlook. (Image: Business Insider)The Paris operator notched earnings before interest, taxes, depreciation and amortization (EBITDA) of 5 million in the January through March period. That’s while noting its Las Vegas properties are sold out on weekends for the “foreseeable future,” according to CEO Tom Reeg. boomtown casino buffet biloxi ms

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On a call with analysts, executives also highlighted debt reduction and cash flow geparagon casino winnersneration targets, much to Wall Street’s delight. hollywood casino final cut With Caesars targeting debt cuts of billion over the next year and free cash flow (FCF) estimates ahead of Wall Street expectations, at least three analysts lifted price targets on the name today. valley forge casino wedding cost That group includes Stifel’s Steven Wieczynski who boosts his 12-month price forecast on the Harrah’s operator to 5 from 0. Seems like just yesterday we had investors questioning CZR’s ‘guidance’ of 40 percent margins and /share in FCF. At this point we believe both of those targets will not only be met over the long-term, but we believe there is considerable upside to both,” he said in a note to clients. free online zodiac slots On Tuesday’s post-earnings conference call, Reeg said it’s likely the company generates billion in EBITDA in at least one quarter this year while revealing an impressive 2022 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) expectation. “CZR indicated they would be disappointed if they didn’t do at least B in EBITDAR in 2022.

Are you kidding me? golden nugget casino events We were previously forecasting . 7B in EBITDA in 2023! ! chinook winds casino covid ? ? ,” said Wieczynski.

Caesars Stock Becoming Debt Reduction Story, TooIt’s been less than a year since Eldorado Resorts purchased “old Caesars,” creating the largest domestic casino operator in the process. While analysts fawned for the scale born out of the merger, cost-cutting opportunities, and sports betting potentparagon casino winnersial, there were concerns that “new Caesars” could be hindered by a heavy debt burden. The operator had billion in liabilities at the end of last year. seminole casino 441 But due to improving margins and the Las Vegas rebound, its leverage targets are moving lower. Leverage targets continue to get moved down, as well with the company expecting to be below 5x net leverage next year, with the possibility of getting down closer to 4x,” said Wieczynski. Morongo Casino Restaurants Buffet Dkgy The analyst adds that the forecast doesn’t include asset sales, and as 5x leverage is eclipsed to the downside, Caesars stock could become appealing to a broader swath of investors. On the conference call, CEO Reeg said the company isn’t planning to sell a Las Vegas casino until next year.

Momentum Taking ShapeOver the course of the gaming industry earnings season, it’s been a common refrain from operators that March was a strong month. mohegan sun casino poker no deposit bonus casino no max cashout But analysts and investors want to know mychoice casino tier points no deposit bonus code william hill casino Ruby Slots Software Gsxj