I came, I saw, I attended a shareholders’ meeting? That could be the story before long, as Caesars Entertainment is planning on holding an initial public stock offering soon.
The casino giant faltered during the recession, since potential gamblers held onto their cash tighter than Brett Favre clings to dusty memories of his glory days, but analysts suggest that there’s still reason for optimism.
“It’s going to be the hot stock in this sector,” IPOfinancial analyst David Menlow told Forbes.
Sure, the company’s eminently assassinated namesake may have taken a knife to the chest for taking power away from the common man, but Caesars has been smart to stay ahead of the curve when it comes to the demands of today’s gambling community.
In particular, the company has made a name for itself by developing online gambling in countries where it’s legal and by investing heavily in promoting the World Series of Poker.
Plus Caesars acquired Planet Hollywood in February, and who doesn’t love sitting next to the underwear Dan Aykroyd wore during the filming of Driving Miss Daisy while they eat?
