Professional
Added to YB: 2024-05-08
Pitch date: 2024-05-01
CZR [bullish]
Caesars Entertainment, Inc.
-34.41%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund website.
Company Info
Caesars Entertainment, Inc. operates as a gaming and hospitality company. The company owns, leases, brands, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker.
Market Cap
$5.4B
Pitch Price
$37.40
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.03
P/E
-28.15
EV/Sales
2.70
Sector
Hotels, Restaurants and Leisure
Category
growth
1 Main Capital Partners Portfolio Holding: Caesars Entertainment, Inc.
CZR: Leading US gaming co. w/ 52 properties, $4B EBITDAR (+$1B since '19). >75% EBITDA from owned RE (>40% Vegas). $1B maint. FCF understated due to >$1.4B growth capex ($650M Danville, $400M AC/NOLA each). Digital turned profitable in '23, targeting $500M EBITDA. Sees $2B FCF ($9/share) in few yrs w/ digital still growing.
Read full article (2 min)