{"id":587,"date":"2025-04-22T14:56:28","date_gmt":"2025-04-22T14:56:28","guid":{"rendered":"http:\/\/www.anselledmont.com\/?p=587"},"modified":"2025-04-24T21:50:43","modified_gmt":"2025-04-24T21:50:43","slug":"wall-street-losing-faith-in-caesars-entertainment-following-43-share-price-drop","status":"publish","type":"post","link":"http:\/\/www.anselledmont.com\/index.php\/2025\/04\/22\/wall-street-losing-faith-in-caesars-entertainment-following-43-share-price-drop\/","title":{"rendered":"Wall Street Losing Faith in Caesars Entertainment Following 43% Share Price Drop"},"content":{"rendered":"

The post Wall Street Losing Faith in Caesars Entertainment Following 43% Share Price Drop<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n

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Note: These are just the author\u2019s thoughts, not official investing advice.<\/em><\/p>\n

Growing cautious<\/h2>\n

Wall Street analysts have been growing pessimistic about Caesars Entertainment. Many major investment banks are downgrading their share price forecasts for the casino company, and the stock is being subject to a high level of short trading.<\/p>\n

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bearish about the firm\u2019s ability to turn things around<\/p>\n<\/blockquote>\n

The likes of Morgan Stanley, Susquehanna, and TD Cowen are bearish about the firm\u2019s ability to turn things around, with Caesars\u2019 share price dropping 43% over the past six months. While other casino stocks fell due to President Trump\u2019s tariff policy, none of the big hitters like MGM, Wynn Resorts, or Las Vegas Sands have plummeted as much.<\/p>\n

Dealing with rising costs<\/h2>\n

While its competitors have interests overseas in Macau, the UAE, and Japan, Caesars doesn\u2019t currently have any international properties. This makes it more susceptible to any downturn in US tourism and entertainment.<\/p>\n

The tariff war has caused fears about its impact on the average consumer, who will have less money in their pockets for discretionary spending.<\/p>\n

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falling from a net profit of $788m in 2023 to a net loss of $278m in 2024<\/p>\n<\/blockquote>\n

Caesars is already feeling the pinch of increasing costs of sales, falling from a net profit of $788m in 2023 to a net loss of $278m in 2024, despite revenue staying more or less the same.<\/p>\n

An uncertain future<\/h2>\n

Caesars also has significant debt, with long-term liabilities of $25bn. Its foray into the sports betting and online casino spaces hasn\u2019t been as successful as its competitors, and many of its casinos are outdated.<\/p>\n

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committed $1bn in February to upgrading its eight Las Vegas Strip properties<\/p>\n<\/blockquote>\n

While Caesars committed $1bn in February to upgrading its eight Las Vegas Strip properties<\/a>, it will take time for the company to see a return on this investment.<\/p>\n

The company\u2019s share price now lies around the $25 mark, which is its lowest point since the onset of the pandemic in March 2020. People who are optimistic about the future might see this as a good entry point, while others will wait to see what the impact of the ongoing economic uncertainty will be before investing in a casino company with all its eggs in the North American basket.<\/p>\n

The post Wall Street Losing Faith in Caesars Entertainment Following 43% Share Price Drop<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The post Wall Street Losing Faith in Caesars Entertainment Following 43% Share Price Drop appeared first on Vegas Slots Online News. Note: These are just [Read More…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"_links":{"self":[{"href":"http:\/\/www.anselledmont.com\/index.php\/wp-json\/wp\/v2\/posts\/587"}],"collection":[{"href":"http:\/\/www.anselledmont.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.anselledmont.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.anselledmont.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.anselledmont.com\/index.php\/wp-json\/wp\/v2\/comments?post=587"}],"version-history":[{"count":1,"href":"http:\/\/www.anselledmont.com\/index.php\/wp-json\/wp\/v2\/posts\/587\/revisions"}],"predecessor-version":[{"id":588,"href":"http:\/\/www.anselledmont.com\/index.php\/wp-json\/wp\/v2\/posts\/587\/revisions\/588"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.anselledmont.com\/index.php\/wp-json\/wp\/v2\/media\/550"}],"wp:attachment":[{"href":"http:\/\/www.anselledmont.com\/index.php\/wp-json\/wp\/v2\/media?parent=587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.anselledmont.com\/index.php\/wp-json\/wp\/v2\/categories?post=587"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.anselledmont.com\/index.php\/wp-json\/wp\/v2\/tags?post=587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}