{"id":159705,"date":"2020-12-27T18:22:46","date_gmt":"2020-12-28T02:22:46","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=159705"},"modified":"2020-12-27T19:51:06","modified_gmt":"2020-12-28T03:51:06","slug":"travel-and-leisure-are-forecast-to-rally-in-2021-including-caesars-wynn","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/travel-and-leisure-are-forecast-to-rally-in-2021-including-caesars-wynn\/","title":{"rendered":"Caesars, Wynn Resorts Among Barron’s Picks for 2021 Travel Rebound"},"content":{"rendered":"

The travel and leisure industry was bludgeoned by the coronavirus pandemic this year. But some of the related equities are in the midst of multi-month rallies, with gaming stocks leading the way.<\/p>\n

\"Caesars
Caesars Palace Las Vegas. That name and Wynn are hot ideas among gaming stocks for 2021. (Image: Bloomberg)<\/figcaption><\/figure>\n

Some market observers are wagering gaming stocks, which are already topping cruise operators and hotel equities, will continue doing so in 2021<\/a>, with names such as Caesars Entertainment (NASDAQ: CZR) and Wynn Resorts (NASDAQ:WYNN) best positioned to capitalize on COVID-19 vaccines coming to market, and pent-up demand trends.<\/p>\n

Some analysts are more bullish on leisure than corporate travel, the latter of which is a major contributor to revenue on the Las Vegas Strip. That underscores the point that while folks still want to go to casinos, investors may want to lean toward operators with deep regional portfolios or Macau exposure.<\/p>\n

We don\u2019t think Covid has created any meaningful structural headwinds to people\u2019s willingness to go to casinos,\u201d said Morgan Stanley gaming analyst Thomas Allen in an interview with Barron’s<\/i><\/a>.<\/p><\/blockquote>\n

The Barron’s <\/i>piece features a list of six travel and leisure stocks that could prove to be solid 2021 plays for investors. That group is comprised of cruise names, hoteliers, timeshare companies and two gaming stocks — Caesars and Wynn.<\/p>\n

Calling on Caesars in 2021<\/h2>\n

Already a Wall Street favorite<\/a> and higher by 1,160 percent from its March lows, Caesars could be poised for bigger things in 2021. That’s particularly if the new management team delivers on the $500 million in cost efficiencies promised when the company formerly known as Eldorado Resorts acquired the gaming outfit for $17.3 billion earlier this year.<\/p>\n

\n

The Reno-based company is the second-largest operator on the Strip behind MGM Resorts International (NYSE:MGM). But the firm behind Caesars Palace is able to offset some of its Las Vegas vulnerabilities via an expansive regional portfolio<\/a>. That provides investors some protection while waiting for Sin City to recover. In the third quarter, about 75 percent of Caesars’ gaming revenue was attributable to properties outside Southern Nevada, according to Barron’s.<\/i><\/p>\n<\/div>\n

Other sources of allure with Caesars stock heading into 2021 include the pending acquisition of William Hill, which will bolster the operator’s iGaming and sports betting exposure.<\/p>\n

The buyer is likely to sell the target’s European business, a move that could fetch up to $2 billion. Additionally, Caesars is primed to continue shedding smaller, slower-growing casinos, which will raise cash and lower costs, something Wall Street is eyeing following the Eldorado marriage<\/strong>.<\/p>\n

Winning with Wynn<\/h2>\n

Down 17.63% year-to-date, Wynn is feeling the effects of the pandemic in Las Vegas and in Macau, its most important market. However, the stock has tailwinds<\/a> heading into 2021, including a recent streak of breaking even or slightly positive earnings before interest, taxes, depreciation and amortization (EBITDA) on lower revenue in Macau.<\/p>\n

The operator’s higher-end clientele is a benefit, as Macau and the Strip potentially loosen COVID-19 restrictions in 2021, paving the way for more gamblers to return.<\/p>\n

\u201cThat means you need fewer visitors to come back. It\u2019s just that you need those visitors to spend more,\u201d said Morgan Stanley’s Allen to Barron’s<\/i>. \u201cWhat we are seeing for the regional casinos that have reopened is that there are fewer visitors and people are spending a lot more.\u201d<\/p>\n

Wynn stock closed at $114.39 last Friday. But the consensus price target on the name is steadily climbing, with at least one analyst saying the stock can get to $130 next year.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The travel and leisure industry was bludgeoned by the coronavirus pandemic this year. But some of the related equities are in the midst of multi-month rallies, with gaming stocks leading the way. Some market observers are wagering gaming stocks, which are already topping cruise operators and hotel equities, will continue doing so in 2021, with […]<\/p>\n","protected":false},"author":46,"featured_media":159706,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\nTravel and Leisure Are Forecast to Rally in 2021, Including Caesars, Wynn<\/title>\n<meta name=\"description\" content=\"Travel and leisure stocks could be big gainers in 2021 with leadership coming from gaming names like Caesars and Wynn.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/travel-and-leisure-are-forecast-to-rally-in-2021-including-caesars-wynn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Travel and Leisure Are Forecast to Rally in 2021, Including Caesars, Wynn\" \/>\n<meta property=\"og:description\" content=\"Travel and leisure stocks could be big gainers in 2021 with leadership coming from gaming names like Caesars and Wynn.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/travel-and-leisure-are-forecast-to-rally-in-2021-including-caesars-wynn\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-28T02:22:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-28T03:51:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/12\/cp-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/travel-and-leisure-are-forecast-to-rally-in-2021-including-caesars-wynn\/\",\"url\":\"https:\/\/www.casino.org\/news\/travel-and-leisure-are-forecast-to-rally-in-2021-including-caesars-wynn\/\",\"name\":\"Travel and Leisure Are Forecast to Rally in 2021, Including Caesars, Wynn\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/travel-and-leisure-are-forecast-to-rally-in-2021-including-caesars-wynn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/travel-and-leisure-are-forecast-to-rally-in-2021-including-caesars-wynn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/12\/cp-1.jpg\",\"datePublished\":\"2020-12-28T02:22:46+00:00\",\"dateModified\":\"2020-12-28T03:51:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Travel and leisure stocks could be big gainers in 2021 with leadership coming from gaming names like Caesars and Wynn.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/travel-and-leisure-are-forecast-to-rally-in-2021-including-caesars-wynn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/travel-and-leisure-are-forecast-to-rally-in-2021-including-caesars-wynn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/travel-and-leisure-are-forecast-to-rally-in-2021-including-caesars-wynn\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/12\/cp-1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/12\/cp-1.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Caesars Palace Las Vegas. 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