https://www.cnbc.com/2019/02/14/caesars-jumps-on-report-carl-icahn-pushing-casino-operator-to-sell.html
News just broke
Ichan making moves
Had chance to sit w Loveman years back, interesting guy. Love Caesars!
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| #1 FanDuel | SBR rating 4.8/5 | Review | #6 BetRivers | SBR rating 4.1/5 | Review | #2 Caesars | SBR rating 4.7/5 | Review | #7 Fanatics | SBR rating 4.1/5 | Review |
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02-14-19 05:31 PM #1
Caesars!!!
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02-14-19 05:37 PM #2
I’d strongly avoid the casino industry on the buy side but I also don’t have Bloomberg in front of me. Seems like every casino is overestimating it’s expected EBITDA and underperforming. Read that all NY casinos are underwater and now reading that Caesars is underwater too. How in the world can one of the top 5 casino operators be so leveraged its underwater. What. The. Hell.
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02-14-19 05:57 PM #3
Caesars just came out of Ch 11
Dumped billions of liabilities to unions off book
Split into RE holding company
I like their portfolio and lack of dependence on China
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02-14-19 07:16 PM #4
Just not enough JJ’s in the world to support all these casinos.
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02-14-19 07:28 PM #5
WELL when Caesars was Caesars when Terri Lanni was majority holder it was great. Then Harrahs bought it. Harrahs was great when it was known as Promus. They were m
majority owner of Paulsen. Paulsen made cards chips etc. long story gl guys fyi only
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