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it wasn't bad management carl icahn, i know he thinks highly of the ceo, after all he essentially puten el dorado made its acquisition bid for caesars. this was like david taking on goliath. and tom reeg told me he agrees with carl icahn that caesars' shares are undervalued of course they're a good deal. caesars likely to see another boost this year. the strip off its best april ever revenues were up 7% year over year against tough comps going into summer with tight rooms because the mirage and tropicana shutting down operation. that's going to be great for caesars. but it's stymied in expedite of the remarkable record-breaking performance. and no performance in the regional casinos, well a rebound in mccow it does not show up in the share prices of these companies. and then we saw this activist letter today urging penn entertainment to sell itself shares soared up almost 20%, but still down year to date, 33% one industry insider told me today, look, investors just don't have any patience to allow the digital and sports gambling to hit the stride. they are not giving any credit for ol
it wasn't bad management carl icahn, i know he thinks highly of the ceo, after all he essentially puten el dorado made its acquisition bid for caesars. this was like david taking on goliath. and tom reeg told me he agrees with carl icahn that caesars' shares are undervalued of course they're a good deal. caesars likely to see another boost this year. the strip off its best april ever revenues were up 7% year over year against tough comps going into summer with tight rooms because the mirage and...
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what is going on with carl icahn, what does he want?> carl has invested in casinos for decades all over the country, including ones a 10% stake. he pressed for this big merger with a regional casino operator. he says he likes the el dorado ceo, tom reed, who is now the ceo of caesars, known for cutting costs. all the casino industry benefited coming out of covid, one of the first businesses to open, people spending that money locally. recently, regional casinos have slowed down, las vegas is still on fire, but the stock market is concerned about casino operators. can they keep this momentum going? caesars in particular doesn't have a lot of businesses internationally like some of its competitors. it is not a huge player, number four or five in sports betting. the question is where does the growth come from from here? icahn sees value. the stock price went down quite a bit this year. vonnie: is it just coincidence or is there something special about caesars itself? we remember the massive lbo by apollo, how that ended, coming in to restr
what is going on with carl icahn, what does he want?> carl has invested in casinos for decades all over the country, including ones a 10% stake. he pressed for this big merger with a regional casino operator. he says he likes the el dorado ceo, tom reed, who is now the ceo of caesars, known for cutting costs. all the casino industry benefited coming out of covid, one of the first businesses to open, people spending that money locally. recently, regional casinos have slowed down, las vegas is...
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May 30, 2024
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icahn in carl icons cases was not an official role. it didn't require confirmation and he didn't have to walk away from this business dealings, so we in. fact it will be something like that if it comes together so if you've been listening to what donald trump has been saying on the campaign trail once thing he really seems not to like electric vehicles, he throws shade on evs whenever he can eat, will musk is pretty deep into electric vehicles here. >> so how does elon musk justify? i working with the guy who wants to sort of end his industry so it's a fascinating dynamic. >> i can't say that our reporting has fully unpacked that issue. >> you know, what we know is that trump and must have talked about eb tax credits they talked about tesla in their calls as we know, trump on the campaign trail has been tough on evs must himself has even made comments anti ebv tax credits, his kind of been a mixed bag when it comes to that issue over the years. >> so what we can't wait parse that out yet, but that'll be something that i think people wi
icahn in carl icons cases was not an official role. it didn't require confirmation and he didn't have to walk away from this business dealings, so we in. fact it will be something like that if it comes together so if you've been listening to what donald trump has been saying on the campaign trail once thing he really seems not to like electric vehicles, he throws shade on evs whenever he can eat, will musk is pretty deep into electric vehicles here. >> so how does elon musk justify? i...
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billionaire business with investor or carl icahn may be rolling the dice on one casino stock.entertainment popping by11.25%, on pace for their best day in the 2 years on reports that icahn enterprises has taken a large stake in the casino company. the size of the stake and the reasoning behind it, not clear. but last month caesar's missed wall street expectationses for first quarter results. the stock is down 23% over the past year. >>> it is a good day, though, to gamble on gambling stocks. penn entertainment is also soaring, up 19% after activist investor donorail group call for the sale of the sports-betting company. the the group's stake in penn is unclear, but they claim it could be worth between $5.9-6.9 billion. the letter also criticized penn's current operations under ceo jay snowden, particularly the purchase back in 2002 and -- 2020 and subsequent sale of media company barstool sports. >>> well, the promises costco's cfo made yesterday to keep the hot dog combo meal at its current price is not enough the heat up shares. stock is down about 1.75% even after the retai
billionaire business with investor or carl icahn may be rolling the dice on one casino stock.entertainment popping by11.25%, on pace for their best day in the 2 years on reports that icahn enterprises has taken a large stake in the casino company. the size of the stake and the reasoning behind it, not clear. but last month caesar's missed wall street expectationses for first quarter results. the stock is down 23% over the past year. >>> it is a good day, though, to gamble on gambling...
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icahn and that whole troop wanting that?lection year. that means alliances get reformed or come together when people want something. and so we know that donald trump has dangled this special advisory role to elon musk. it could be around the economy, it can be around border security, both issues that elon has been extremely vocal about. we know they talked about it. we know they talked about it at nelson peltz's ocean front in palm beach in march. and while it isn't fully hammered out yet, it is something that could happen should trump win. >> how much of this has been -- was a just thrown out idea, how much of this was discussed prior to the breakfast? i'm just trying to understand whether this was just a sort of random thought that donald trump threw out there, this was something that ike threw out there, this was something that nelson peltz said, hey, donald, you should make him the special adviser and that's what we're talking about or we're talking about something much more serious? >> so, obviously we can't reveal our
icahn and that whole troop wanting that?lection year. that means alliances get reformed or come together when people want something. and so we know that donald trump has dangled this special advisory role to elon musk. it could be around the economy, it can be around border security, both issues that elon has been extremely vocal about. we know they talked about it. we know they talked about it at nelson peltz's ocean front in palm beach in march. and while it isn't fully hammered out yet, it...