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As it nears completion of its acquisition of Caesars Entertainment (NASDAQ:CZR), Eldorado Resis luckyland slots legalorts (NASDAQ:ERI) remains one of the preferred gaming equities among sell-side analysts. caesar casino in mibibippi Wolfe Research analyst Jared Shojaian recently boosted his price forecast on the soon-to-be casino behemoth. live casino hotel washington dc As it closes in on completing the Caesars purchase, Eldorado lands more bullish commentary from a Wall Street analyst. (Image: The Times)In lifting his price target on Eldorado to from , Shojaian highlights the strength in regional gaming properties, particularly those operated by Caesars, following the recent coronavirus reopenings. borgata casino app We knew trends were performing well, but the data is impressive and still better than we expected, and so we raise estimates and our target price,” said Shojaian. luckyland slots free sweeps fruit poker online casino In a recent filing with the Securities and Exchange Commission (SEC), Caesars said revenue at its regional casinos that were open in May and June jumped nine percent to 11 percent year-over-year. las atlantis casino review

That offset some of the weakness in the destination markets of Las Vegas and New Orleans. Sizing Up SustainabilityThe critical question for regional operators, particularly the combined ERI/Caesars, which will control 52 gaming venues in 16 states, is how sustainable the strength is in these markets. Shojaian notes regional casinos are being propped up by operators’ ability to increase margins and factors things gaming companies can’t control, including government stimulus checks and a dearth of local entertainment options in the wake of COVID-19. “Consumers have received tempis luckyland slots legalorary stimulus relief and supplemental unemployment insurance, and many unemployed consumers now have more spare time with less alternatives for leisure activities,” the analyst said. Capacity discipline has also been forced on the operators through social distancing mandates, so the supply environment is tight, and promotional behavior is limited,” he continued. choctaw casino durant phone number Morongo Casino Name Change Bysh “Therefore, we think regional demand may cool some, but we also expect destination demand to slowly improve over time, perhaps providing an offset.

” Analysts are favoring regional operators, saying that the venues run by those companies will recover more rapidly than destination market equivalents because many tourists are still reluctant to fly. clearwater casino to bainbridge ferry Shojaian sees some of the margin expansion that’s buoying regional companies today retreating a bit as capacity increases. hard rock casino owner Online Gambling Explained Wfgi Netherlands “From a margin perspective, we do believe the industry will operate at margins above pre-COVID levels over the longer term, given some permanent changes. is winstar kid friendly But the current record levels feel unsustainable to