Will Casinos Die at Caesars Entertainment?
Mr. Market paid $41.32 for Caesars Entertainment (CZR) shares on 14 August 2020. Unfortunately, all El Dorado and investors are buying could be empty hotels and slot machines that gather dust.
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Mr. Market paid $41.32 for Caesars Entertainment (CZR) shares on 14 August 2020. Unfortunately, all El Dorado and investors are buying could be empty hotels and slot machines that gather dust.
Read MoreCaesars is also something of a contrarian play because it is in a very troubled industry: casinos. The prevailing wisdom is that there are too many casinos in the U.S. competing for a shrinking pool of gamblers. Yet some casino operators have posted gains in revenue in the last year.
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