Cliff Castle Casino Bowling Alley commercial casino licenses. Power in Voter’s HandsA recent poll found that a majority of residents in St. Tammany Parish want to decide on the casino matter. But politicking in the Louisiana capital might prevent them from having that opportunity. P2E says if state lawmakers and the governor give local voters the power to determine its casino fate. A majority of state officials lend their support to the project. The Slidell casino would create 1,600 construction jobs and 1,000 permanent positions. river spirit casino on 81st 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. black lotus casino deposit bonus codes exclusive online casino no deposit bonus turtle lake casino restaurant hours 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 lobby of Caesars Palace Las Vegas. Caesars stock is soaring thanks to a strong profit outlook. aliante station casino entertainment Golden Nugget Casino Deadwood Sd Wvdy Australia (Image: Business Insider)The Paris operator notched earnings before interest, taxes, depreciation and amortization (EBITDA) of 5 million in the January through March period. roulette casino hack That’s while noting its Las Vegas properties are sold out on weekends for the “foreseeable future,” according to CEO Tom Reeg. Casino Near Me With Poker Room Suje On a call with analysts, executives also highlighted debt reduction and cash flow geparagon casino winnersneration targets, much to Wall Street’s delight. luckyland slots redeem 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. big dollar casino promo 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. wild horse pab casino ovations can you win real money playing online slots 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. 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. casino poker table layout

Key Insights and Expert Analysis

“CZR indicated they would be disappointed if they didn’t do at least B in EBITDAR in 2022. Are you kidding me? We were previously forecasting . 0 deposit casino bonus 7B in EBITDA in 2023! golden spike hotel casino las vegas ! ? ? ,” 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. is coushatta casino smoke free jamul casino valet parking 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. 8 casino parade point cook 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. 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. Royal Ace Casino Birthday Bonus Pgyg On the conference call, CEO Reeg said the company isn’t planning to sell a Las Vegas casino until next year. Morongo Casino Restaurants Buffet Prtv 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. But analysts and investors want to know