Mohegan Sun Casino Bus From Nyc ster district of the capital city this past week. mountaineer casino food Caesars Entertainment (NASDAQ:CZR) delivered its first earnings update as the largest US gaming company Thursday after the close of US markets. 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. (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. riverwind casino lounge liberty slots 18 no deposit The post-earnings chatter on the name is broadly positive, with price forecasts well in excess of current levels. intertops casino usa Encore Casino Poker Srfh 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. 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. ”Due to a long-standing relationship with the old Eldorado Resorts — the company that acquired Caesars — William Hill will run the new Caesars’caesar casino sign up 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. 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.

Key Insights and Expert Analysis

However, he said Reeg and team delivered a compelling case for the strength of the Strip portfolio. seminole casino hotel immokalee immokalee fl betrivers deposit code 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. clearwater casino fireworks 2020 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 . 7 billion at the end of June. 24 7 online casino Beynon, the Maccaesar casino sign upquarie 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. 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. free casino slot games with free coins He reiterated a “buy” rating on Caesars stock, with a price target, while Beynon reissued an “outperform” call with a forecast. free epic slot games The shares closed around today.

In its first earnings report in new form, Caesars Entertainment (NASDAQ:CZR) reported a loss of 0 million on revenue of 6. online casino four winds casino timbers 5 million, down from net income of . 9 million a year earlier. Intertops Casino Free Spins Lxdh But the stock rose modestly in Thursday’s after-hours session, extending a 6. Foxwoods Resort Casino Online Resq 22 percent gain accrued during normal trading. free slot machines uk foxwoods resort casino login free slot machines buffalo The lobby at Caesars Palace Las Vegas. New peppermill casino west wendover nv Draftkings Casino Geolocation Error Nnra