treasure island resort and casino red wing mn(Image: Barron’s)In a note to clients today, Stifel analyst Steven Wieczynski reiterates a “buy” rating on Caesars stock, while lifting his price target on the name to 5 from .“Once the deal closes, we would expect management to start laying out more details behind a possible sports betting/iGaming spinout, or what the earnings power of the 100% controlled entity could look like.“We believe there are eight to 12 states that could go down the path of legalizing sports betting this year which should continue to support long-term total addressable market (TAM) estimates (no mlas atlantis casino ndbatter how crazy they are),” said Wieczynski.free slot games listThe building has been vacant since 2014.It will ceremonially mark the end of Trump’s casino career.While COVID headwinds could pressure near-term estimates as travel/gathering restrictions remain in place (and could get worse), we believe CZR remains well positioned long-term as the world eventually recovers from this pandemic, given their compelling asset mix (Vegas/regionals/sports betting/iGaming),” said the analyst.golden nugget casino atlantic city

sycuan casino premier suite

is sam s town casino openIt could take some time, but trimming that burden is possible.”The analyst says another potential spark for Caesars is the 55 and up age demographic.Seen here in 1994 outside his Trump Plaza, the last casino to bear Donald Trump’s last name will come down next month.fanduel casino sportsbookAdding up the aforementioned points creates a potentially lucrative deleveraging missive, according to Wieczynski.”The analyst says another potential spark for Caesars is the 55 and up age demographic.Other Levers to PullThe Stifel analyst points out that Caesars remains intent on divesting a Strip property, and that process could accelerate as coronavirus vaccines are distributed on a broader scale.slot casino machines games

online casino no deposit bonus japan

free casino slot games win real moneyMuch of that debt is junk-rated, meaning higher interest expense.Any deleveraging event that CZR can participate in will only drive the equity value higher, given leverage is one of the biggest overhangs on this story,” he writes.Caesars Entertainment (NASDAQ:CZR) is higher by more than eight percent to start 2021 and 111 percent over the past six months.Trump Plaza in Atlantic City is scheduled for demolition on February 17.Trump departed DC this week after serving one term.“Once the deal closes, we would expect management to start laying out more details behind a possible sports betting/iGaming spinout, or what the earnings power of the 100% controlled entity could look like.red stag casino no deposit