It’s been no secret that Caesars is looking to offload one of its Sin City assets to reduce debt, which stood at $13.5 billion at the end of the first quarter. When Eldorado Resorts acquired “old Caesars” in 2020, Tom Reeg — then chief executive officer of the buyer — made clear “new Caesars” would sell one of its Strip properties to tame one of the gaming industry’s largest debt burdens.

Since then, the only debates centered around when the operator would formally announce an asset sale and which Las Vegas venue it would be. At least one analyst says it’s going to be the Flamingo that Caesars sells.

We continue to believe CZR is likely to sell the Flamingo,” said Deutsche Bank analyst Carlo Santarelli in a note to clients. “While investors focus primarily on the deleverage associated with the asset sale, we see the transaction as favorable for room night mix/ADR compression/margins.” สล็อตออนไลน์