I Bet Online Casino commercial casino licenses. Power in Voter’s HandsA recent poll found that a majority of residents in St. Tammany Parish want to decide on the casino matter. But politicking in the Louisiana capital might prevent them from having that opportunity. P2E says if state lawmakers and the governor give local voters the power to determine its casino fate. A majority of state officials lend their support to the project. The Slidell casino would create 1,600 construction jobs and 1,000 permanent positions. As an incentive, P2E has offered to pay million to build a sports and entertainment complex on the 100-acre site at the Lakeshore Marina. The casino operator has additionally promised million to help construct the Slidell ring levee. Caesars Entertainment (NASDAQ:CZR) stock is higher by six percent in early trading Wednesday, a day after the gaming company delivered a blistering first-quarter earnings report — one including commentary that Las Vegas is roaring back to life.

The lobby of Caesars Palace Las Vegas. Caesars stock is soaring thanks to a strong profit outlook. Oxford Casino From Here Emuj (Image: Business Insider)The Paris operator notched earnings before interest, taxes, depreciation and amortization (EBITDA) of 5 million in the January through March period. That’s while noting its Las Vegas properties are sold out on weekends for the “foreseeable future,” according to CEO Tom Reeg. big fish casino layoffs On a call with analysts, executives also highlighted debt reduction and cash flow geharrah s casino job fairneration targets, much to Wall Street’s delight. With Caesars targeting debt cuts of billion over the next year and free cash flow (FCF) estimates ahead of Wall Street expectations, at least three analysts lifted price targets on the name today. That group includes Stifel’s Steven Wieczynski who boosts his 12-month price forecast on the Harrah’s operator to 5 from 0. admiral casino portsmouth golden nugget casino laughlin Seems like just yesterday we had investors questioning CZR’s ‘guidance’ of 40 percent margins and /share in FCF. 888 Tiger Casino No Deposit Bonus Epad At this point we believe both of those targets will not only be met over the long-term, but we believe there is considerable upside to both,” he said in a note to clients. fanduel casino not working 0 gunman casino heist On Tuesday’s post-earnings conference call, Reeg said it’s likely the company generates billion in EBITDA in at least one quarter this year while revealing an impressive 2022 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) expectation. twin river casino login

Key Insights and Expert Analysis

“CZR indicated they would be disappointed if they didn’t do at least B in EBITDAR in 2022. online gambling age nj Are you kidding me? hard rock casino universal studios four winds casino mask policy We were previously forecasting . Www Raging Bull Casino Com Bonus Codes No Deposits 7B in EBITDA in 2023! ! ? gold spike casino tunica ? riverwind casino drinks ,” said Wieczynski. seneca niagara casino logo black hawk casino dog friendly Caesars Stock Becoming Debt Reduction Story, TooIt’s been less than a year since Eldorado Resorts purchased “old Caesars,” creating the largest domestic casino operator in the process. While analysts fawned for the scale born out of the merger, cost-cutting opportunities, and sports betting potentharrah s casino job fairial, there were concerns that “new Caesars” could be hindered by a heavy debt burden.

The operator had billion in liabilities at the end of last year. But due to improving margins and the Las Vegas rebound, its leverage targets are moving lower. Leverage targets continue to get moved down, as well with the company expecting to be below 5x net leverage next year, with the possibility of getting down closer to 4x,” said Wieczynski. The analyst adds that the forecast doesn’t include asset sales, and as 5x leverage is eclipsed to the downside, Caesars stock could become appealing to a broader swath of investors. boomtown casino in shreveport How Old Do You Have To Be To Go On the conference call, CEO Reeg said the company isn’t planning to sell a Las Vegas casino until next year. casino poker websites hallmark casino bonus codes september 2021 Momentum Taking ShapeOver the course of the gaming industry earnings season, it’s been a common refrain from operators that March was a strong month. But analysts and