BUY BUY BUY and Thank Me Later.................

[azbob]

Points in your last e-mail HP are right on regarding volumes and fees. Golden Nugget would give CZR a presence in downtown if that is attractive to them (in terms of a benefit of the deal). MGM properties are surrounding the new stadium although, no doubt, Caesar's will see some of that business. I'm not impressed with the CZR leadership team and didn't really see anything in your note that causes me to believe they have any vision...MGM just beat them to a relationship with the NHL (I understand that is #4 of the four major sports).

The baseball stadium replacing the Rio is only rumor. They just build a new stadium in Summerlin (too small for MLB) and the AAA team would have to leave town if they got MLB. Besides, all the momentum and excitement is regarding bringing the NBA to town...no one is out there hoping for baseball.

 

[azbob]

Should have noted MGM has the NBA locked up too...along with the WNBA.

 

[festeringZit]

8.05

 

[Recon792]

Always good info hotpizza.. thanks

 

[festeringZit]

Got in at 7.98

 

[RunMaker]

Today 10/29/2018 Approx 242PM Eastern I am telling you to BUY BUY BUY...…………….. CZR Caesar's Entertainment Corp. The price is currently $8.20 and is super oversold...………..

10/29/18
CZR: $8.20




This is a good thread. Not many people stick their necks out and lay it on the line. Sure people post picks, but this guy says it's a slammer. So let's follow this.

Good luck, guy.




Btw, my quick analysis, this broke key recent support. Just hit it's 52-wk low today at 7.97. I think this will be at 7 before it gets to 9.

 

[5teamparlay]

At 8.03

 

[Hotpizza]

A splash made today as CZR signs deals with not only the 76ers but the Devils. No other gaming company has signed such a deal.

-----------------------

Harris Blitzer Sports & Entertainment (HBSE) today announced a multi-year partnership with Caesars Entertainment (NASDAQ: CZR), the world's most diversified casino-entertainment provider, and the sports and entertainment conglomerate's marquee properties: the Philadelphia 76ers, New Jersey Devils and Prudential Center.

This historic partnership will introduce New Jersey sports fans to Caesars Entertainment's new sports book experience now available at two of its Atlantic City properties and The Caesars Casino & Sports app through special promotions and activations inside the exclusive Caesars Club at Prudential Center. The 5,000-square-foot premium restaurant and bar will be located on the main concourse, providing Caesars Entertainment's signature VIP hospitality to Premium Seat members for all New Jersey Devils home games and will be open to all event attendees during more than 175 live events, games and concerts held at the world's No. 8 "Most Played Venue"* annually.

"Prudential Center and Caesars Entertainment are industry leaders in sports and entertainment," said Adam Davis, HBSE CRO. "Caesars Club is a natural way to recreate the world-class Caesars experience for New Jersey Devils Premium Seat members and one million event-goers that attend concerts and live events at Prudential Center annually. With a partnership that synergistically bookends the state of New Jersey, Caesars Entertainment can connect with engaged sports and live event fans to promote its new sportsbook and mobile sports betting app throughout the Garden State."

"Caesars Entertainment has enjoyed a long relationship with the New Jersey community," said Chris Holdren, Chief Marketing Officer for Caesars Entertainment. "With the introduction of the Caesars Club Sports Lounge, we're excited to expand our relationship and deliver our world-class hospitality and entertainment in a new part of the Garden State."

In addition to exposure on Prudential Center's 80 digital boards and colossal 4,800-square-foot outdoor LED board, Caesars' branding will appear on Club Level tickets, premium wristbands, concourse pillars and more. Caesars branding, including signage and waitstaff attire, will complete the Caesars premium experience in Caesars Club. Caesars will also have a presence at 76ers games through advertising placements. In a Caesars-branded "Shoot for a Million" on-ice promotion, select New Jersey Devils fans will have the chance to win $1 million during the second-period break in 10 regular-season games.

In a series of playful online and in-game contests, Caesars will promote Harrah's Philadelphia and two of its other signature brands to Philadelphia 76ers' regional and international fanbases. 76ers fans will have the opportunity to win a complimentary stay at Caesars Atlantic City Hotel & Casino or an all-expense paid weekend getaway to The LINQ Hotel & Casino in Las Vegas via the new "Score for the Shore" in-game, on-court promotion and the "Live Like a Caesars VIP" 76ers social media contest, respectively.

Tri-state area gaming customers can access the mobile app in the state of New Jersey. Sports fans can also place bets inside the new dynamic sportsbooks at Caesars Entertainment properties in Atlantic City, including Bally's Atlantic City and Harrah's Resort Atlantic City.

Prudential Center's fall series marked one of the arena's busiest months to-date. The month of October alone included 11-time GRAMMY winner Bruno Mars, Maroon 5, The Eagles, Phil Collins, WWE Smackdown Live and the return of the 2018 Stanley Cup Playoff participant Devils for a six-game slate, including the Prudential Center home opener. The GRAMMY Museum Experience Prudential Center, which opened its doors to the public on October 2017, is now home to "Whitney!", a major museum exhibition exploring the iconic career of six-time GRAMMY(R) Award winner and Newark-native Whitney Houston.

*In Billboard's 2017 Year End Review, Prudential Center was ranked as the No. 8 Most Played venue in the world.

 

[TheFalls]

Almost 20% SI on the floated outstanding shares...

Caesars Entertainment Becomes First Gaming-Entertainment Company to Sign Deal with both NBA and NHL Team Via Partnership with Harris Blitzer Sports & Entertainment's Marquee Franchises: Philadelphia 76ers & the New Jersey Devils



...sell the news. Hope this wasn't the news bounce you were hoping to catch

 

[Recon792]

Hotpizza said hold the stock for a long time ... not one day or a month

 

[Hotpizza]

The Falls

I never recommend anything based on news. This was in the pipeline but wasn't mainstream. This is a good thing for them as they will open accounts they normally would never see. The exposure and the placements they are getting you can't put a price tag on. SI is a tad over 16% and that doesn't concern me at all. When the stock makes its rally and it will, the shorts will have no choice but to buy back and push it higher.

There are a lot of dynamics in play here. Some I have talked about and some I can't and won't.

As Recon792 said, this isn't a day trade or a month long hold. This is going to be a long term hold. There will be days we suffer like today busting through the $8 level on the downside but, this only presents another opportunity.

I purchased another large block today and am putting my money where my due diligence is.

I will say, if you are looking for an instant HR, then this isn't for you. If you can ride the storm out so to speak, you'll come out the other side in great shape.

As with all things in the market or sports wagering, nothing is guaranteed but my history of giving you stock advice over the years has put a lot of $$ in the coffers if you have followed me.

 

[bigwang]

I would venture that the proposed deal with GN won't happen.

A few reasons why:

1. Mark isn't going to step down as CEO to allow this to happen anyway. That's part of the deal.
2. What do they truly gain out of such a deal? Answer - Nothing.

The move for them right now is to continue to pursue purchasing properties from Jack Entertainment. They would pick up six casinos overall. Five in Ohio and one in Michigan. That would extend their footprint in the Midwest.

They have quietly sold the land in a few of their strip properties to VICI which is their real estate operation. In return VICI owns the land and then leases it back to Caesar's. Part of Caesars itself is that way and so is Harrah's. They would do the same kind of structure with the Jack Entertainment properties if they can strike the right deal to land those casino's.

Regarding sportsbetting right now they have exposure to 14 states. They will be in great shape and they aren't going to do it half assed as Fan Duel has done.

This is a stock you buy now and you sit on it for awhile. There is fear in the Vegas market now because they feel they aren't making enough money and traffic overall to the strip has slowed down. For good reason, when you are gouging people with $30+ Resort Fees and $30 plus parking fees, sure that money goes to the coffers, but people see that or hear about that and that visit and money goes elsewhere.

Vegas Strip once again needs to revitalize itself. Remember when they tried family friendly? How did that turn out? Now it's fee crazy. Sooner or later the suits will get it. But it won't be until someone steps out of the comfort zone and makes the bold move and when it works, they will all revert back.

The other thing they are comparing numbers to last year. Remember the Mayweather/McGregor fight. That was HUGE business. They've had nothing close to that this year.

With all that said...….. the market has been beaten down, gaming stocks have taken a huge hit across the board. Some things to look forward to, Caesars is going to have one of the biggest onsite convention floors anywhere. They are going to suck in a lot of convention business from the LVCVA. That brings people to the property where they are going to spend a lot of money.

The Raiders will be playing basically behind the property, where do you think people are going to stay for those coming from out of town to see their team. People that travel to watch their teams play on the road have money. They won't be staying at Circus Circus, they want the best, Caesars is best in class.

While there appears to be a lot of negatives due to the stock price where it is, don't be fooled. You're being dealt a natural black jack here paying 3/2 don't sit on the sidelines and wait to time it, get in, forget about it and just enjoy life. Check the thread every so often and when it's time to cash out, you'll be glad you listened to me.

No Caesars property backs up to Raiders stadium. MGM and Tropicana are close by but Caesars has zero real estate closer to stadium than their comp. Also would say Caesars is far behind Venetian, Wynn and MGM in terms of room product, amenities and customer service. Caesars brand name rings bells with the old junket crowd now.

Caesars is extremely mismanaged. The president of Planet Hollywood/Ballys/Paris was just removed from his position after an investigation determined he embezzled a few million dollars. It will hit the news at some point but it happened. He was handcuffed by their security and gaming at his office and walked through the hallways in front of employees. The president of Ceasears and Western division, Selsner, is now heading those 3 properties until it gets sorted out. PH and Rio will likely be sold off soon. I would expect an announcement on Rio after Thx or Xmas to Boyd gaming and PH to highest offer. There will be no baseball stadium built at the Rio. Boyd plans on making it their higher end property with planned remodel. Was just there last week to see some fights and there is leased spaces being worked on by outside contractors. Why build if they are going to implode?

The news people were waiting on was Fertitta deal to go through with a stock purchase price between $13-14 per share. I'm guessing that is why CET had an unscheduled meeting of Board of Directors.

 

[TheFalls]

The Falls

I never recommend anything based on news. This was in the pipeline but wasn't mainstream. This is a good thing for them as they will open accounts they normally would never see. The exposure and the placements they are getting you can't put a price tag on. SI is a tad over 16% and that doesn't concern me at all. When the stock makes its rally and it will, the shorts will have no choice but to buy back and push it higher.

There are a lot of dynamics in play here. Some I have talked about and some I can't and won't.

As Recon792 said, this isn't a day trade or a month long hold. This is going to be a long term hold. There will be days we suffer like today busting through the $8 level on the downside but, this only presents another opportunity.

I purchased another large block today and am putting my money where my due diligence is.

I will say, if you are looking for an instant HR, then this isn't for you. If you can ride the storm out so to speak, you'll come out the other side in great shape.

As with all things in the market or sports wagering, nothing is guaranteed but my history of giving you stock advice over the years has put a lot of $$ in the coffers if you have followed me.

I'm not looking for anything instant...I've got to hold for a min of 30 days. I got in because of how bad the charts and ratios and valuations look. Thx

 

[Hotpizza]

Caesars brand name rings bells with the old junket crowd now.

Kind of chuckled at the absurdity of this remark.

 

[TheFalls]

It's a buy on 10/11 research reports I see since August.
Earnings coming out tomorrow. $13 target

 

[Hotpizza]

Let's review shall we...…..

Properties under CZR whether managed or in name.

California - Harrah's Southern California
Nevada - Harrah's Lake Tahoe, Caesars Palace, Harrah's, Linq, Flamingo, Cromwell, Bally's, Paris, Planet Hollywood, Rio
Arizona - Harrah's Ak Chin
Iowa - Harrah's Horseshoe, Harrah's Council Bluffs
Illinois - Harrahs' Joliet, Harrah's Metropolis
Indiana - Horseshoe Southern Indiana, Horseshoe Hammond
Pennsylvania - Harrah's Philadelphia
Maryland - Horseshoe Baltimore
New Jersey - Caesar's, Bally's and Harrah's Atlantic City
North Carolina - Cherokee and Cherokee Valley River
Mississippi - Horseshoe Roadhouse, Harrah's Gulf Coast
Louisiana - Harrah's Louisiana Downs, Harrah's New Orleans, Horseshoe Bossier City

Canada - Caesars Windsor

If memory serves they are also involved with Turfway Park, Indiana Grand and Hoosier Park along with some relations in the UK, Egypt and South Africa. But that may no longer be the case.

To touch upon something I said earlier about Casears and VICI, I want to clarify.

At Caesar's the Octavius Tower portion of the property was sold to VICI. Caesars in turn pays VICI lease fees to sell and maintain the rooms. They also sold Harrah's Philadelphia along with Harrah's in Las Vegas to VICI but still runs the operation for both.

Any deal proposed by MGM isn't being seriously looked at. That rumor has been around the mill for quite some time. They would have a hard time in getting that deal approved, the properties combined would lock up the strip except for a few locations. I would be highly surprised if that ever came into fruition.

I stated prior the GN deal with Fertitta will never happen. They simply do not want to add more debt to the books and that's exactly what would happen in this scenario. Plus as I stated Mark would be out as CEO and Fertitta would be in. Just not going to happen. Some really out of this world offer would have to come in to change the thought process of the board right now.

I'll add this last nugget in and not that they are always right, go look at what analysts are saying about CZR

Credit Suisse at Out perform with a $13 target
Deutsche Bank - Initiated at buy $14 target
Morgan Stanley - Initiated at overweight with $12 target

You have 10 Analysts with a Buy, 1 at hold and 1 at sell. High Buy at $16, Low at $9 with an average of $13

You had David Tepper that raised his stake in Caesar's...……

The company has a $750 Million share repurchase plan in place.

 

[azbob]

Boyd's has been on a buying spree already and I'm not sure they want the GC and Rio right next to each other. Since they just bought Ameristar, I could see that they want a "premier" LV property to funnel players in all of those outlying states to. I'm not sure Boyd's has the cash left for acquisition and CZR is a seller not a buyer. In any case, no one is knocking down the Rio although the players are very upset they discontinued the shuttle service to the strip so that could affect business as much as the parking fees impact the strip properties. I can get a free room at a CZR property, but still pay about $40 a day in resort fees. Ironically...I used to pay about $40 a night.

 

[azbob]

Good info HP.

 

[Michelangelo]

Always appreciate your stock input, HP. Thanks.

 

[festeringZit]

Nice bump up today: 8.575

Making $$$ already