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encore casino appSigns Say Las Vegas Is HealingThe NCAA Tournament, which usually lures massive amounts of sports bettors to Sin City, and schools’ Spring Break are seen contributing to Las Vegas’ upside in March.However, those are one-off events, with little follow through on April visitation trends.’”He also ratcheted up his 2021 earnings before interest, taxes, depreciation and amortization (EBITDA) estimates on Boyd Gaming (NYSE:BYD), Caesars, and Wynn Resorts (NASDAQ:WYNN).sycuan casino 18William Moyes.Investors know it, too, and that outlook is reflected in the stocks, as the Bellagio and Caesar Palace operators’ shares are up an average of 24 percent over the past 90 days — more than triple the returns of the S&P 500 over the same span.“We believe consensus is grossly underestimating the earnings power of companies exposed, and hence upgrade CZR and MGM to ‘overweight.best online casino with free spins

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pa online casino promo codesDr.That also could prove instrumental in stoking upside for equities such as MGM, Caesars,downstream casino quapaw and Wynn — the latter two of which have sprawling convention space that has yet to be used because of the coronavirus crisis.“We believe consensus is grossly underestimating the earnings power of companies exposed, and hence upgrade CZR and MGM to ‘overweight.“While we thought it was because of Spring Break & March Madness, numerous market participants told us their bookings were stronger than current occupancy, booking windows were extending and continued to build,” said the analyst.“We believe consensus is grossly underestimating the earnings power of companies exposed, and hence upgrade CZR and MGM to ‘overweight.”Caesars, MGM Ideal Vaccine PlaysAs the two largest Strip operators, MGM and Caesars make for ideal plays on rising vaccination levels, declining case counts, the possible emergence of herd immunity, and almost any other scenario that indicates the US is turning a corner in the fight against COVID-19.riverwind casino burger king

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