CZR - Caesars: Uncle Carl Returns To The Feast Sit With Him For Another Helping
2024-06-05 16:20:06 ET
Summary
- Caesars Entertainment, Inc. is a famous and enduring brand in the gaming industry, with a strong reputation and a large customer database.
- Carl Icahn has acquired a significant holding in Caesars Palace stock, citing undervaluation and potential for growth.
- Caesars Palace's digital sports betting platform has underperformed compared to competitors, and there is room for improvement in innovation and imagination.
Above: Until this day, it stands at the apogee of brand value, despite the massive expansion of so many other gaming brands. Mr. Market tends to sniff at that distinction because it was once built into the valuation of the stock.
One of the most enduring lessons I learned about casino stocks came through the lens of my tenure as a senior executive at Caesars Entertainment, Inc. (CZR) through most of the 1980s. Despite decades of mammoth expansion of casino properties and brands, the same lessons, as such, pretty much apply today. My mentor at the time was then newly appointed CEO Henry Gluck. Just after my hire, he said, “You’re getting one of the most famous brands in the world to market.”...
Caesars: Uncle Carl Returns To The Feast, Sit With Him For Another Helping