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Additionally, the company is pouring $400 million into enhancing its Atlantic City venues and a comparable amount into Harrah\u2019s New Orleans. Wieczynski estimates the operator will realize 10% to 15% return on investment in New Orleans, as that venue is primed to become a high-end destination that will eventually bear the Caesars brand.<\/p>\n<\/div>\n
\u201cIn Atlantic City, the $400M of market-wide CapEx investment required by regulators has almost concluded, and management indicated they have installed the company\u2019s most top property-level management team, which should facilitate more effective yield maximization in the region,\u201d concluded the analysts.<\/p>\n
Caesars runs three Boardwalk venues.<\/p>\n","protected":false},"excerpt":{"rendered":"
There are concerns about the strength of the US economy, and those worries will only be amplified if a resolution on the debt ceiling isn\u2019t reached. But for now, there are no signs of macroeconomic distress on the Las Vegas Strip. Stifel analyst Steven Wieczynski and team recently returned from meetings in Las Vegas with […]<\/p>\n","protected":false},"author":46,"featured_media":261686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,81886],"tags":[81897,81903,23],"acf":[],"yoast_head":"\n
Las Vegas Strip Still Durable, Says Stifel Analyst<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n