Sycuan Casino New Years Eve ages)That scenario, also known as tapering, is now a foregone conclusion. big dollar casino bonus codes september 2020 santa ana casino events calendar wynn las vegas casino credit The central bank recently said it will begin paring its 0 billion in monthly bond purchases this month with the aim of ending the effort in the middle of 2022. royal ace casino askgamblers The Fed unleashed another bond-buying regime in the early days of the coronavirus pandemic to prop up fixed income markets. With the end of that bond purchasing regime drawing near, some market participants are fretting about a sequel to the 2013 “taper tantrum. pechanga casino journey Caesar Casino Windsor Hours Eqsp ” That’s the episode when the Fed announced the end of a bond-buying program commenced in the aftermath of the global financial crisis. come giocare a blackjack online Equities tumbled in mid-2013 on news of the looming taper. desert diamond casino rewards But some names endured and performed well, including Caesars. vincere a blackjack online The 2013-2014 … taper period is a useful, but imperfect, analog for the likely upcoming taper,” Ned Davis Research’s Ed Clissold said in a recent report. casino poker games play 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.

” Caesars was one of 11 that made the list. Caesars Different TodayMarket participants frequently acknowledge historical precedent and trends. But tapering is different, because the aforementioned 2013 scenario is the only prior example. black bear casino and resort That could be a sign there are no guarantees the upcoming tapering will mirror the prior episode, or if thsam s town casino in shreveportere will be a “tantrum” at all. Downstream Casino Online Bppg 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.

Key Insights and Expert Analysis

Sports wagering wasn’t legal outside of Nevada during the prior tapering scenario. Caesars stock is up 49 percent year-to-date. It offers 30 percent upside to the consensus price target, 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. fanduel casino taxes top 3 online casinos Boomtown Casino Thanksgiving Buffet Abmz 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 tsam s town casino in shreveportaper 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. MGM is selling Mirage operating rights. An analyst says the deal could fetch up to 0 million. (Image: 8NewsNow. admiral casino crawley no deposit bonus casino bonus 1 2021 com)The divestment marks the end of an era for MGM’s association with the property, which Steve Wynn opened in 1989. casinos near me that have slot machines In 2000, the operator previously known as MGM Grand doled out . 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 8 casino avenue apollo bay Hard Rock Casino Il Iwfq