Encore Casino Restaurants 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. 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. gta v casino heist 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. little river casino bonus codes It’s also an emerging player in the fast-growing iGaming and sports betting segments. Harrah S Cherokee Casino Tennebee Qoua Sports wagering wasn’t legal outside of Nevada during the prior tapering scenario. mgm casino national harbor hours desert diamond casino senior day

Key Insights and Expert Analysis

Caesars stock is up 49 percent year-to-date. free game slot sky queen It offers 30 percent upside to the consensus price targeraging bull casino payout emailt, and 73 percent of the analysts covering rate it a “buy. free slot games for ipad 1 888poker live casino index gold coast casino hotel booking ”Tapering History for Caesars StockOne factor in favor of Caesars against a tapering backdrop is that it’s classified as a consumer discretionary name. turtle creek casino near me That sector was one of the top three performers during the 2013 taper tantrum. 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. club player casino sign up

Caesars is the only gaming equity on the CNBC list of potential taper winners. the borgata casino 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. free slot machines no money casino table games list That brings an end to long-running speculation about the fate of the integrated resort. MGM is selling Mirage operating rights. Is Firekeepers Casino Open Yet Wuvp Denmark 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 . hard rock casino tampa 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. On a conference call with analysts, MGM CEO Braging bull casino payout emailill 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. hallmark casino welcome 300 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.

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 . super free slot games 125 free spins Wild Casino Promo Code No Deposit Lxoz 2 billion in equity. Slot Machine Casino Images Dghg Strip Asset Sales Still HotSince late 2019, the pace