Mgm Grand Casino Houston Texas ages)That scenario, also known as tapering, is now a foregone conclusion. Paragon Casino Suites Atva The central bank recently said it will begin paring its 0 billion in monthly bond purchases this month with the aim of ending the effort in the middle of 2022. The Fed unleashed another bond-buying regime in the early days of the coronavirus pandemic to prop up fixed income markets. Palace Station Casino Dining Ykwi With the end of that bond purchasing regime drawing near, some market participants are fretting about a sequel to the 2013 “taper tantrum. ” That’s the episode when the Fed announced the end of a bond-buying program commenced in the aftermath of the global financial crisis. online gambling mibouri Equities tumbled in mid-2013 on news of the looming taper. But some names endured and performed well, including Caesars. draftkings casino mibouri

The 2013-2014 … taper period is a useful, but imperfect, analog for the likely upcoming taper,” Ned Davis Research’s Ed Clissold said in a recent report. lucky tiger.casino 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. online casino real money delaware ” Caesars was one of 11 that made the list. Caesars Different TodayMarket participants frequently acknowledge historical precedent and trends. Gold Coast Casino Executive Suite Kfll 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 thsilver oak casino 100 no deposit 2021ere will be a “tantrum” at all. chinook winds casino seafood buffet Specific to Caesars, the gaming company looks far different today than it did in 2013.

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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. black oak casino general manager Sports wagering wasn’t legal outside of Nevada during the prior tapering scenario. Caesars stock is up 49 percent year-to-date. It offers 30 percent upside to the consensus price target, and 73 percent of the analysts covering rate it a “buy. twin river casino table minimums

”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. draftkings casino twitter Separately, the company said earlier this week it could have as much as billion in cash to deploy next year. admiral casino rochdale official black bear casino 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 tsilver oak casino 100 no deposit 2021aper winners. four winds casino in hartford 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.

MGM is selling Mirage operating rights. borgata casino email An analyst says the deal could fetch up to 0 million. (Image: 8NewsNow. N Gage Casino No Deposit Bonus Xzfa com)The divestment marks the end of an era for MGM’s association with the property, which Steve Wynn opened in 1989. bovada casino sign up In 2000, the operator previously known as MGM Grand doled out . sam s town casino winners 4 billion to acquire the company, then known as Mirage Resorts. sycuan casino winnings The Bellagio, Treasure Island, a 50 percent stake in the Monte Carlo, and coushatta casino employee benefits