Kansas Star Casino Grill ages)That scenario, also known as tapering, is now a foregone conclusion. 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. best slot machine casino montreal The Fed unleashed another bond-buying regime in the early days of the coronavirus pandemic to prop up fixed income markets. table games at jack casino With the end of that bond purchasing regime drawing near, some market participants are fretting about a sequel to the 2013 “taper tantrum. ” That’s the episode when the Fed announced the end of a bond-buying program commenced in the aftermath of the global financial crisis. pechanga casino new years eve 2020 Equities tumbled in mid-2013 on news of the looming taper. captain jack casino no rules bonus 2020 But some names endured and performed well, including Caesars. cashman casino support

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. 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. drake casino vancouver But tapering is different, because the aforementioned 2013 scenario is the only prior example. 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. cache creek casino reviews Sunset Station Casino Open Swvm Specific to Caesars, the gaming company looks far different today than it did in 2013. free casino slots flaming crates

Key Insights and Expert Analysis

It’s now the largest domestic casino operator by number of venues, following the 2020 takeover by Eldorado Resorts that created “new Caesars. downstream casino free play coupons ” 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. pechanga casino expedia casino ladder match It’s also an emerging player in the fast-growing iGaming and sports betting segments. 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. mgm grand casino slot videos free slot machines for my phone That sector was one of the top three performers during the 2013 taper tantrum. Free Casino Slot Machine Games No Download Uwzz Separately, the company said earlier this week it could have as much as billion in cash to deploy next year. casino codes bonus no deposit how to get free spins on slot machines 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. com)The divestment marks the end of an era for MGM’s association with the property, which Steve Wynn opened in 1989. Travel Ruby Slots Dgnc In 2000, the operator previously known as MGM Grand doled out . Sunset Station Casino Open Aupm 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 caesar casino careers