Online Gambling Sports ster district of the capital city this past week. Caesars Entertainment (NASDAQ:CZR) delivered its first earnings update as the largest US gaming company Thursday after the close of US markets. Why Does Double Down Casino Keep Crashing Lfdx Switzerland As expected, the June quarter numbers were dreadful because of the coronavirus shutdown, prompting analysts to focus more on management commentary. south lake tahoe casinos evacuation Caesars Palace Las Vegas, seen here, may be slow for a while, but analysts like the opportunity with the new Caesars stock. ok google free casino slot games (Image: Richard Brian/AP)Some members of the sell-side community liked what Caesars CEO Tom Reeg and other executives had to say on yesterday’s conference call. little river casino age to gamble

The post-earnings chatter on the name is broadly positive, with price forecasts well in excess of current levels. Drake Casino Sign Up Promo Code Ucsz On the call, Reeg created some buzz in discussing the new Caesars broad online casino and sports wagering business, noting that a decision on that segment could be revealed before the end of 2020, while saying it could generate 0 million to 0 million in revenue next year. ruby slots promo codes Red Stag No Deposit Bonus Gbvj We believe investors misunderstand CZR’s value regarding iGaming and sports betting,” said Macquarie analyst Chad Beynon in a note to clients today. “With a strong economic partnership with William Hill and 100% economics for iGaming, we believe CZR’s 60 million loyalty members could be worth ~ per share. turtle creek casino staff ”Due to a long-standing relationship with the old Eldorado Resorts — the company that acquired Caesars — William Hill will run the new Caesars’choctaw casino resort durant oklahoma sportsbooks.

Key Insights and Expert Analysis

Caesars is entitled to 50 percent of earnings before interest, taxes, depreciation and amortization (EBITDA) under that agreement, according to Beynon. golden nugget casino login Meeting Las Vegas ChallengesThe new Caesars has an extensive portfolio of regional casinos, providing some buffer against the current headwinds operators are facing in Las Vegas. In Sin City, the company runs six integrated resorts, a trait some investors view as a drag at a time when many would-be visitors are skittish about traveling because of the COVID-19 pandemic. Wild Horse Pab Casino And Resort Mvft Some analysts see things differently. The LV assets’ performance is exceeding our expectations, with every reopened property generating positive EBITDA and solid hotel occupancy,” said Stifel analyst Steven Wieczynski, long a noted Caesars bull.

Wieczynski, who believes the new Caesars can eventually become a 0 stock, notes investor sentiment on Las Vegas is “incredibly negative,” and that’s weighing on the stock. valley forge casino yelp However, he said Reeg and team delivered a compelling case for the strength of the Strip portfolio. chinook winds casino breakfast buffet On yesterday’s conference call, Reeg said it’s still in the plans to sell a Strip asset, though that timeline could be extended to 18 months from the original forecast of a year after closing the takeover. free casino slots wheel of fortune Focusing on CashSomething investors will be clamoring for going forward is Caesars rejuvenating free cash flow (FCF) while reducing a debt burden that stood at . casinos in ohio 7 billion at the end of June.

Beynon, the Macchoctaw casino resort durant oklahomaquarie analyst, said he’s confident management can drive 0 million in cost savings, and that there are deleveraging opportunities in the form of selling a Strip venue, as well as three gaming properties in Indiana. big dollar casino sign in Wieczynski, the Stifel analyst, said its possible management exceeds the 0 million cost-cut target and that it’s encouraging or more in per share FCF is in play. resorts casino queens hotel He reiterated a “buy” rating on Caesars stock, with a price target, while Beynon reissued an “outperform” call with a forecast. The shares closed around today. morongo casino promotion In its first earnings report in new form, Caesars Entertainment (NASDAQ:CZR) reported a loss of 0 million on revenue of 6. is firekeepers casino

5 million, down from net income of . 9 million a year earlier. But the stock rose modestly in Thursday’s after-hours session, extending a 6. how to win at foxwoods 22 percent gain accrued during normal trading. is draftkings casino legal The lobby at Caesars Palace Las