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table a roulette casinoLas Vegas heavily relies on conventions, its monthly average in 2019 totaling some 554,000 people for meetings.Gaming KeyFew cities rely more on conventions than Las Vegas. Downtown Las Vegas rooms averaged .80 last year but went for .06 in January.January led the way in terms of convention attendance last year, with 683,400 business people arriving. First, financier Carl Icahn — widely viewed as the architect of the deal creating the new Caesars — elected to take poker casino del sol ivwjcash for his holdings, not expand his equity position. chinook winds casino ageBut, he adds, his bullish thesis on the name hasn’t changed, and that it could be a 0 stock in the future. “Those concerns won’t help any regional gaming company, as the fear will be an employee gets the virus, then infects the rest of the employee base, then the property has to be shut down.”He points out the new Caesars has billion in liquidity, giving it a cushion of 10 to 11 months to survive in a zero-revenue environment.Still a Top IdeaTrading around , Caesars stock resides at its lowest levels in two months. Caesars Palace in Las Vegas. lodge casino at black hawk

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chinook winds casino tribeBut the coronavirus is expected to delay their return to Southern Nevada for the foreseeable future. But, he adds, his bullish thesis on the name hasn’t changed, and that it could be a 0 stock in the future. Downtown Las Vegas rooms averaged .80 last year but went for .06 in January.January led the way in terms of convention attendance last year, with 683,400 business people arriving. choctaw casino onyxDowntown Las Vegas rooms averaged .80 last year but went for .06 in January.January led the way in terms of convention attendance last year, with 683,400 business people arriving. In his most recent note, he places a “buy” rating on the new Caesars, with a price target of , roughly double where the shares trade at this writing.Multiple Reasons to Sell As Wieczynski points out, several factors explain the recent weakness in Caesars stock. Caesars Palace in Las Vegas. intertops casino home

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caesar s empire casino than 18 percent premium on the year average.And it isn’t only the Strip that benefits from the higher January kickoff. As Wieczynski notes, these points are relevant to the new Caesars, because the company will derive approximately 45 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from the Strip.And finally third, general doom and gloom around certain states seeing an increase in virus cases and the potential for new shutdowns,” said the analyst.  than 18 percent premium on the year average.And it isn’t only the Strip that benefits from the higher January kickoff. But the coronavirus is expected to delay their return to Southern Nevada for the foreseeable future. Caesars Palace in Las Vegas. But, he adds, his bullish thesis on the name hasn’t changed, and that it could be a 0 stock in the future. black hawk casino weather