What do I hear for this property

Implications: Barry Milligan brings up some excellent points in his analysis of Harrahs

Analysis: Barry Milligan makes some good points with his outlook on Harrahs Entertainment (Caesars Entertainment). Let's look a little further into the future and see what the company has in store for us. I believe that Harrahs will look to dispose of some of their properties in the markets in which they already have and would continue to have a significant presence. This really brings us to the 2 preeminent gaming locations in the US, Las Vegas and Atlantic City. Let's start with the easier one, Atlantic City. Harrahs currently owns the Harrahs Marina property, with a brand new hotel tower and the preferred neighborhood, no sale there. Caesars Atlantic City, well they just renamed the company Caesars so safe to say, no sale there. Bally's Atlantic City, they have let this property run down from a physical plant standpoint, so maybe this property heads to the sales showroom in the future. The showboat, definitely heading to the sales showroom as quick as the credit markets will allow, no significant reinvestment and the highest slot hold percentage in town, formula for a sale. Harrahs Chester in Pa, new and doing well not for sale.

Las Vegas, you have to imagine that Harrahs wants to keep the entire block from Harrahs south through Bills casino which encompasses Imperial Palace, o'sheas, the flamingo and Bills.  This could be the location where something really large is created to rival City Center

So we are left with Caesars Palace, which will not be sold, Bally's/Paris, which if they were not built to be symbiotic,  then Bally's would be gone in a minute and the RIO. Ahh, the Rio,a property Harrahs management has never really figured out how to market and manage, so I think this may go to the sales showroom as well.

So, Harrahs can start to mitigate some of their exposure by selling off the Showboat, the Rio, and possibly Bally's Atlantic City. This will provide them with Billions in cash, while still maintaining a major presence in each market. Now if the credit markets would only start to loosen up.......