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four winds casino sign upBut the coronavirus is expected to delay their return to Southern Nevada for the foreseeable future. (Image: Yahoo News)In a new note to clients, Stifel analyst Steven Wieczynski said there are some overhangs that could weigh on the stock over the near-term. 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. fanduel casino logoLas 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. Previously, Wieczynski was enthusiastic on Eldorado Resorts, the company that bought Caesars and took that name.While we fully expect shares could remain pressured in the near-term until we get more clarity around the virus situation and its ultimate impact on gaming trends (especially Las Vegas), we believe this name is set up well for the long-term, given management’s ability to create significant shareholder value,” Wieczynski said. Previously, Wieczynski was enthusiastic on Eldorado Resorts, the company that bought Caesars and took that name.While we fully expect shares could remain pressured in the near-term until we get more clarity around the virus situation and its ultimate impact on gaming trends (especially Las Vegas), we believe this name is set up well for the long-term, given management’s ability to create significant shareholder value,” Wieczynski said. riverwind casino email

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clearwater casino 4th of julyShares of Caesars Entertainment (NASDAQ:CZR) are off about 25 percent since the acquisition creating the gaming Goliath was resorts casino online app vcvofinalized earlier this month. But the coronavirus is expected to delay their return to Southern Nevada for the foreseeable future. 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. free online poker blackjackShares of Caesars Entertainment (NASDAQ:CZR) are off about 25 percent since the acquisition creating the gaming Goliath was resorts casino online app vcvofinalized earlier this month. “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. In fact, he’s dumped most of his stock in the company, reducing his stake to just two percent from 10 percent, sparking a wave of selling among other professional investors.Second, Las Vegas Sands (NYSE:LVS) said last week Sin City is dealing with a challenging operating environment. black oak casino open

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poker online casino malaysiaAnd the surveys suggest many leisure tourists are apprehensive about traveling until a coronavirus vaccine is developed. Las 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. The new Caesars Entertainment stock is struggling, but an analyst sees big upside potential. First, financier Carl Icahn — widely viewed as the architect of the deal creating the new Caesars — elected to take resorts casino online app vcvocash for his holdings, not expand his equity position. 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. He previously said Eldorado could become a 0 stock, through the path to triple-digit territory would not be linear. casino 4k review