slot machine in casinoBut some names endured and performed well, including Caesars.6 billion to acquire Cosmopolitan’s operating rights from Blackstone (NYSE:BX).But tapering is different, because the aforementioned 2013 scenario is the only prior example.harrah s casino north kansas city” 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.Equities tumbled in mid-2013 on news of the looming taper.MGM is selling Mirage operating rights.admiral casino turnpike lane

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casino n.bCaesars stock is up 49 percent year-to-date.com)The divestment marks the end of an era for MGM’s association with the property, which Steve Wynn opened in 1989.(Image: 8NewsNow.seven feathers casino elements loungeIn September, the soon-to-be former Mirage operator shelled out .Equities tumbled in mid-2013 on news of the looming taper.Today we are announcing that, after careful consideration, we have made the decision to sell the operations of The Mirage to another operator, a move that we believe is best for the long-term success of both the property and MGM Resorts,” said Hornbuckle in a letter to Mirage staffers.golden nugget casino 1965

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casinos near kingstonIt offers 30 percent upside to the consensus price target, and 73 percent of the analysts covering rate it a “buy.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.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.Caesars stock is up 49 percent year-to-date.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.On a conference call with analysts, MGM CEO Bill Hornbuckle, who started his career at the Mirage in 1989, said the largest operator on the Strip is in the “early stages” of the sale process.draftkings casino mi