Blackjack Online 247 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. big dollar casino ndb As expected, the June quarter numbers were dreadful because of the coronavirus shutdown, prompting analysts to focus more on management commentary. Caesars Palace Las Vegas, seen here, may be slow for a while, but analysts like the opportunity with the new Caesars stock. borgata casino credit chumba casino codes 2021 (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. Dr Slot Casino Free Spins Kyar The post-earnings chatter on the name is broadly positive, with price forecasts well in excess of current levels. 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. Miami Club Casino Login Dhbo We believe investors misunderstand CZR’s value regarding iGaming and sports betting,” said Macquarie analyst Chad Beynon in a note to clients today. Desert Diamond Casino Slots Bjxy

“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. Nearest Casino To My Current Location Wdhn Denmark ”Due to a long-standing relationship with the old Eldorado Resorts — the company that acquired Caesars — William Hill will run the new Caesars’coolcat casino ndb codes 2020 sportsbooks. Caesars is entitled to 50 percent of earnings before interest, taxes, depreciation and amortization (EBITDA) under that agreement, according to Beynon. 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. free casino type slots 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. 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. blackjack casino card games

Key Insights and Expert Analysis

However, he said Reeg and team delivered a compelling case for the strength of the Strip portfolio. h casino boomtown casino number 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. 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 . hollywood casino dreb code 7 billion at the end of June. Beynon, the Maccoolcat casino ndb codes 2020quarie 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. free caesars slot games 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. 666 casino no deposit bonus codes He reiterated a “buy” rating on Caesars stock, with a price target, while Beynon reissued an “outperform” call with a forecast. foxwoods resort casino donation request The shares closed around today. harrah s cherokee casino golf course how to find poker games near me

In its first earnings report in new form, Caesars Entertainment (NASDAQ:CZR) reported a loss of 0 million on revenue of 6. cache creek casino bus from union city 5 million, down from net income of . 9 million a year earlier. morongo casino goplay But the stock rose modestly in Thursday’s after-hours session, extending a 6. hard rock casino 4th of july 22 percent gain accrued during normal trading. The lobby at Caesars Palace Las