Could Caesars Be a Millionaire Maker Stock?
Caesars Entertainment (NASDAQ: CZR) has been one of the most turbulent companies in the gambling industry over the past two decades. The company was taken private when it was known as Harrah's Entertainment, subsequently went public again, and saw its largest subsidiary go bankrupt. Now its stock is trading near all-time highs despite business collapsing because of the pandemic.
Amid the turmoil, Caesars has expanded its business by merging with Eldorado Resorts, and it has announced the acquisition of its online gambling partner. The stock is up 1,200% since hitting lows early in the pandemic, and could have further upside if there's a sharp recovery in the gambling and entertainment business. But will it be a millionaire maker stock?
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Source Fool.com
