CasinoCityTimes.com

Home
Gaming Strategy
Featured Stories
News
Newsletter
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
SEARCH NEWS:
Search Our Archive of Gaming Articles 
 

Analyst Raises Park Place Rating to 'Strong Buy'

30 July 2002

NEW YORK -- CIBC World Markets gaming analyst William Schmitt has raised his rating on Park Place Entertainment Corp. from "buy" to "strong buy" following the company's earnings release Monday.

Schmitt raised his 2002 revenue and cash flow estimates on the company from $5 billion and $1.125 billion to $5.012 billion and $1.175 billion, respectively.

"We believe the company is well-positioned to benefit from a rebound on the Las Vegas Strip as well as the expected long-term growth in the Atlantic City market," Schmitt wrote in a research note.

< Gaming News