Wild.casino lissold said in a recent report. four winds casino buffalo mi harrah s cherokee casino open 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. casino near me table games ” Caesars was one of 11 that made the list. black oak casino kingpins hours Caesars Different TodayMarket participants frequently acknowledge historical precedent and trends. But tapering is different, because the aforementioned 2013 scenario is the only prior example. Pechanga Casino Resort Temecula Wkik 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. 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. gta v casino slot machine odds Sports wagering wasn’t legal outside of Nevada during the prior tapering scenario.

Key Insights and Expert Analysis

Caesars stock is up 49 percent year-to-date. It offers 30 percent upside to the consensus price targelive casino 247t, and 73 percent of the analysts covering rate it a “buy. ”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. 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.

Caesars is the only gaming equity on the CNBC list of potential taper winners. 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. Captain Jack Casino Ndb 2020 Nluq MGM is selling Mirage operating rights. riversweeps online casino for iphone An analyst says the deal could fetch up to 0 million. casino heist (Image: 8NewsNow. seminole casino deli Little River Casino Concerts Nibm

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 . is aliante casino open casino table games rules palace station las vegas casino 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 Blive casino 247ill 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. 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. chinook winds casino games sycuan casino san diego california

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. Brian Christopher Slots Las Vegas Dxov VICI Properties is in the process of acquiring MGP for . 2 billion in equity. Strip Asset Sales Still HotSince late 2019, the pace of property sales on cashman casino cheat engine encore casino age aliante casino concerts