Analyst Says Casino Stocks Offer Attractive Risk/Reward Potential, Highlighting Caesars

Analysts tracking the movement of casino stocks are keeping a close eye on the Las Vegas Strip, particularly following recent developments at the Planet Hollywood Resort & Casino. Investors tracking the movement of casino stocks are keeping a close eye on the Las Vegas Strip, particularly following recent developments at the Planet Hollywood Resort & Casino. This interest was heightened after operator Caesars earned a bullish call from an analyst, signaling renewed optimism for the companys performance within the broader gaming sector.

Stifel’s Steven Wieczynski is part of that group, telling clients in a new note that the risk/reward in the gaming stock skews to the upside and that the shares are attractively valued.

He acknowledges that those traits may be enough for some investors to nibble at Caesars amid fears that comparisons on the Las Vegas Strip where the company is the second-largest operator will be tough to meet this year and as market participants fret about the health of the consumer.

However, we believe the setup for 2025 is overly attractive and believe the risk/reward at current trading levels is too compelling to pass up, thus we believe investors should be revisiting the CZR story,” observes the analyst.

2025 consensus estimates are set in a manageable/beatable position (and any kind of beat should be good enough right now).

He rates Caesars a “buy” with a $51 price target, down from $54, implying upside of almost 50% from today’s closing price.

Caesars Stock Has Upside Levers

In the early innings of 2025, at least one clear theme is emerging from the sell side as it relates to Caesars stock: there’s a growing chorus of analysts speculating that this could be the year that the operator engages in a transaction involving its digital unit to unlock value for investors.

Wieczynski notes that management is increasingly open to exploring ways to wring value from its internet business because the stock price doesn’t reflect improvements in that segment.

As is the case with some rivals, Caesars Digital is seen as a “distraction” from the operator’s core land-based casino business and that could compel management to evaluate the interactive unit’s place within the company’s broader structure.

We also believe certain CZR shareholders could start to ‘push’ management to try and unlock value for their Digital platform,” adds Wiecyznski.

Based on where shares are trading today, we believe any type of ‘event’ could drive a material amount of value back to existing CZR shareholders.

The analyst acknowledged that at the moment, there’s not clarity as to how Caesars could part with the online unit, but if it does a tax-free spinoff at 13x to 15x earnings before interest, taxes, depreciation, and amortization (EBITDA), that could value the unit at $17 to $23 a share.

Spinning off the digital segment in that fashion would require Caesars to retain at least 20%.

Regional Casinos Potential Concern for Caesars Stock

Among some analysts, there’s a school of thought that the issue of tough comparisons on the Las Vegas Strip is baked into Caesars stock price and that the worst of those comps pertain to the highest end casino hotels, implying Caesars could be somewhat insulated from that trend due to its heavier focus on mass market customers.

If there is a risk to the stock in 2025, it could come in the form of lethargy at the operator’s regional casinos, though management believes there will be growth in that segment this year.

We remain more concerned about regional gaming markets, but believe our revised estimates are properly accounting for a lackluster operating environment,” concludes Wieczynski.

Conclusion

In conclusion, Caesars’ risk/reward ratio is considered attractive by Stifel’s Steven Wieczynski. The analyst recommends investors to consider the stock due to its potential for growth and undervaluation. Additionally, there are concerns about regional casinos but management expects growth in that segment this year. Investors should keep an eye on any potential transactions involving Caesars’ digital unit to unlock value.

Key Points:

• Caesars stock is considered undervalued and has a growing chorus of analysts speculating about its potential for growth.
• The risk/reward ratio is seen as attractive, with the shares offering almost 50% upside from current trading levels.
• There are concerns about regional casinos but management expects growth in that segment this year.
• Certain CZR shareholders could push management to unlock value for their digital platform.

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10BET: Exciting News from the Music Scene and Las Vegas Casinos

Kenny Chesney’s highly anticipated residency at the Sphere is finally coming to fruition, offering music lovers a perfect reason to plan a trip to the neon lights of Nevada. Kenny Chesney’s highly anticipated residency at the Sphere is finally coming to fruition, offering music lovers a perfect reason to plan a trip to the neon lights of Nevada. As fans flock to the city for these shows, they will find that the energy of his performance perfectly complements the high-stakes excitement found in Las Vegas casinos. The country music star has confirmed that he will be performing at the venue on May 22, 24, 25, 28, 30, and 31, as well as June 4, 6, 7, 11, 13, 14, 18, 20, and 21. Tickets for all dates will go on sale at 10 a.m. PT on Friday, January 31st, with presale tickets available for registered fans.

Chesney’s ‘Sun Goes Down Tour’ has been a massive success in recent years, drawing in over 51,000 fans per stadium performance. The Sphere, with its seating capacity of 17,500, is expected to sell out quickly due to high demand.

In other exciting news from the Vegas music scene, Anyma’s ‘The End of Genesys’ residency has been extended for four more shows. The groundbreaking production will return to the Sphere on February 17 and 28, as well as March 1 and 2. Tickets go on sale at 9 a.m. PT on Thursday, January 30th.

U2 also made headlines recently when they donated $300,000 to UNLV’s College of Fine Arts. The donation will help boost education and performance opportunities for music majors at the university.

The End of Genesys Returns to the Sphere

Anyma’s ‘The End of Genesys’ production was a huge success during its initial run, and it’s great news that it will be returning for four more shows. The production, which features Anyma and other talented performers, is sure to dazzle audiences once again.

The Sphere has proven itself to be an ideal venue for live music events, with its wraparound sound system and intimate seating capacity making it the perfect setting for both large-scale productions and smaller, more exclusive performances.

U2’s Donation to UNLV’s College of Fine Arts

The donation made by U2 is a testament to the power of music to make a positive impact on our communities. By supporting education and performance opportunities for music majors at UNLV, U2 is helping to shape the next generation of musicians and artists.

Conclusion

In conclusion, Kenny Chesney’s residency at the Sphere is sure to be a highlight of the Vegas music scene in 2024. With its unique blend of country, rock, and electronic music, there’s something for everyone to enjoy. Whether you’re a fan of Anyma or U2, there are plenty of reasons to get excited about the music coming out of the Sphere this year.

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Las Vegas Casinos Guide: Dining News, Vanderpump’s Opening, and Beyond

Las Vegas is always on the go, and whether you are looking for high-stakes excitement at the premier Las Vegas casinos or a world-class meal, the city’s dining scene is always evolving. Las Vegas is always on the go, and whether you are looking for high-stakes excitement at the premier Las Vegas casinos or a world-class meal, the citys dining scene is always evolving. In this month’s Vegas dining news, we’ve got the latest updates from Pinky’s, a new pop-up residency from Netflix, and a new restaurant that’s sure to hit the golf course.

Pinky’s Fashionably Late Opening

The third Las Vegas Strip eatery from reality TV star Lisa Vanderpump is finally opening its doors. Pinky’s will hold its grand opening party on December 5th, although it may not open to the public until later.

The $3.5 million restaurant will occupy nearly 7,000 square feet in the former Purple Zebra bar space at the Flamingo. Vanderpump à Paris at Paris Las Vegas opened in 2022, and all her restaurants are operated by Caesars Entertainment.

Netflix & Chili

A new pop-up residency from Netflix will be opening at the MGM Grand next year. The first Netflix Bites operated out of LA’s Short Stories Hotel and was a huge success.

The second Las Vegas pop-up collab between Netflix and MGM Resorts will serve breakfast, lunch, and dinner dishes inspired by popular Netflix series such as “Bridgerton,” “Stranger Things” and “La Casa de Papel.”

Viva Las Vegan

Las Vegas has snagged seven spots on Yelp’s annual list of Top 100 Vegan Spots in the US. The winners include Tarantino’s Vegan, No Butcher, Garden Grill, ChagaRoot, Daikon Vegan Sushi, Tacotarian, and Down to Earth Plant-Based Cuisine.

No restaurants on the Strip made the cut, which is surprising given Crossroads at Resorts World’s multiple accolades. However, both accolades were for the brand’s LA location.

Dining Ins & Outs

Golfers will get their frico on at Swingers Las Vegas when it opens at Mandalay Bay in November. The first Las Vegas Emmy’s is also set to open, with more people lining up for the restaurant than its four golf courses.

Emmy’s serves “frico”-style crusts (quasi-burned with cheese). The brand currently operates 28 locations across the US. The Codfather, a favorite fried fish & chippery among British tourists, has reopened after closing this summer.

Conclusion

In conclusion, Las Vegas is always on the go and its dining scene reflects that. Whether you’re in the mood for vegan or fried fish and chips, there’s something for everyone in this city.

Vegas Dining News: Vanderpump’s Fashionably Late Opening, Netflix & Chili, Golf Slices

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Culinary Union Ends Strike at Virgin Hotels Las Vegas, Reshaping the Future of Las Vegas Casinos

The labor dispute involving hospitality workers at Virgin Hotels Las Vegas has finally concluded, marking a significant moment for the local workforce. The labor dispute involving hospitality workers at Virgin Hotels Las Vegas has finally concluded, marking a significant moment for the local workforce. After a 69-day strike, leadership from the Culinary Union announced on Wednesday afternoon that an agreement has been reached with management, bringing a sense of stability back to one of the many bustling Las Vegas casinos that define the citys landscape.

Background and Negotiations

The new five-year contract was ratified with a unanimous vote by workers, according to news reports.

The 69-day walkout was the longest strike at a Las Vegas property in two decades. The walkout started on November 15.

A round-the-clock picket line was carried out in front of the hotel to discourage guests from entering the property and to discourage organizations and performers from appearing or holding events in the hotel.

The new agreement covers some 700 employees at Virgin Hotels Las Vegas. They are represented by the Culinary Workers Union Local 226 and Bartenders Union Local 165.

Collaboration Ahead

“Virgin Hotels Las Vegas and the Culinary and Bartenders Unions are pleased to be moving past their contract negotiations as each looks forward to fostering a positive and collaborative working relationship for the benefit of all team members at the property,” the two sides said in a joint statement.

Parties are committed to the resolution of our dispute and to maintaining a union standard at Virgin Hotels Las Vegas that provides for its team members’ families and fosters a better community for all.

No specifics were released on the agreement. The statement simply added, “Virgin Hotels Las Vegas and the Culinary Workers Union Local 226 and Bartenders Union Local 165 have come to an agreement on the terms upon which they are prepared to settle their new Collective Bargaining Agreement.”

Union Says It Won

In a statement quoted by Las Vegas TV station KVVU, Culinary Union Secretary-Treasurer Ted Pappageorge told the workers assembled at the union office it “feels good to win.”

The union initially wanted raises for workers at Virgin Hotels that were similar to those given to unionized hospitality employees working at other properties either on the Las Vegas Strip or in downtown Las Vegas. Major properties had given unionized workers a 10% wage increase in the first year of the agreement. They also got 32% in raises over the life of the deal. There were noneconomic gains for union members, too.

Virgin Hotels management complained that the union was negotiating in bad faith and the union’s demands simply were “not economically viable.” Last May, the company filed an unfair labor practice charge against the union and asked Culinary Union officials to meet as soon as possible.

Last May, union members walked off the job for 48 hours. Later, union members staged civil disobedience actions where they were arrested while blocking the street in front of the hotel.

The Prior Contract and the Culinary Union

The prior contract governing Virgin Hotels hospitality workers expired on June 1, 2023.

The Culinary Union has approximately 60K members and is an affiliate of the national Unite Here labor group. The union represents bartenders, bellmen, cocktail and food servers, cooks, guest room attendants, kitchen workers, and porters.

Conclusion

In conclusion, the Culinary Union has reached a new agreement with Virgin Hotels Las Vegas, bringing an end to a 69-day work stoppage. The deal covers over 700 employees and was ratified with a unanimous vote from the union membership. While details of the agreement are not publicly disclosed, both parties expressed their commitment to maintaining a positive working relationship.

Key Facts About the Agreement

• The new five-year contract was ratified with a unanimous vote by workers.
• The 69-day walkout was the longest strike at a Las Vegas property in two decades.
• The agreement covers some 700 employees at Virgin Hotels Las Vegas.
• The Culinary Union has approximately 60K members and is an affiliate of the national Unite Here labor group.

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Experience the Thrill of the 2027 College Football Title Game and the Best Las Vegas Casinos

The 2027 College Football Playoff (CFP) title game is set to take place at Allegiant Stadium, marking yet another massive sporting milestone for the city. The 2027 College Football Playoff (CFP) title game is set to take place at Allegiant Stadium, marking yet another massive sporting milestone for the city. This marquee matchup will undoubtedly draw massive crowds to the Strip, fueling the high-energy atmosphere that makes Las Vegas casinos the ultimate destination for fans looking to celebrate the championship in style.

CFP Title Game Adds to Las Vegas Sports Tradition

The venue will host the CFP title game in 2027. Allegiant Stadium is home to the NFL’s Raiders and UNLV football, and along with SoFi Stadium in Los Angeles — itself a previous CFP championship game host — is one of the newest football venues in the US.

The addition of the CFP title game to Las Vegas’ sporting events calendar jibes with the city’s vision for consistently hosting big sporting events in the first half of the year. Last year, Circa founder and CEO Derek Stevens said Las Vegas should be a permanent host city for a first-round CFP matchup.

Economic Impact

Hosting the 2027 CFP title game is likely to have a significant economic impact on Las Vegas, driven by its entertainment and gaming amenities. The event could result in hotels raising rates and attracting patrons to casinos and restaurants.

The Economic Benefits of Hosting High-Profile Sports Events

In terms of sporting events, it’s nearly impossible to top the economic benefits of hosting a Super Bowl. However, Las Vegas is well-positioned to capitalize on the 2027 CFP title game by leveraging its name-brand matchup potential.

Conclusion

The addition of the 2027 College Football Playoff title game to Allegiant Stadium in Las Vegas marks a significant milestone for the city’s sporting events calendar. With its growing history of hosting top-flight events and entertainment options, Las Vegas is poised to reap economic benefits from this high-profile matchup.

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