Free Slot Machines 8888 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. sycuan casino instagram black hawk casinos open now But tapering is different, because the aforementioned 2013 scenario is the only prior example. jackson rancheria casino dream catchers club The Online Gambling Market Odur 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. hard rock hotel casino 5* Specific to Caesars, the gaming company looks far different today than it did in 2013.

It’s now the largest domestic casino operator by number of venues, following the 2020 takeover by Eldorado Resorts that created “new Caesars. ” 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. It’s also an emerging player in the fast-growing iGaming and sports betting segments. Sports wagering wasn’t legal outside of Nevada during the prior tapering scenario. four winds casino temptations online casino quotes Caesars stock is up 49 percent year-to-date. It offers 30 percent upside to the consensus price targecasino night partyt, and 73 percent of the analysts covering rate it a “buy.

Key Insights and Expert Analysis

”Tapering History for Caesars StockOne factor in favor of Caesars against a tapering backdrop is that it’s classified as a consumer discretionary name. hotels near jackson rancheria casino ca That sector was one of the top three performers during the 2013 taper tantrum. lucky creek casino email black hawk casino packages Www Luckyland Casino Com Plha 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. Mohegan Sun Casino In The Poconos Qxju 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. draftkings casino twitter That brings an end to long-running speculation about the fate of the integrated resort. ruby star slots

MGM is selling Mirage operating rights. brian christopher slots october 2020 An analyst says the deal could fetch up to 0 million. Black Lotus Casino Com Kgvr (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. is pechanga casino 18 and over bovada bitcoin casino welcome bonus btccasino2021.com

On a conference call with analysts, MGM CEO Bcasino night partyill 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. 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. draftkings casino 1099 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. 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 sales on thunder valley casino resort zoominfo