no deposit bonus casino 2021 usa(Image: Helen Richardson/Denver Post)Following investor meetings with Penn CEO Jay Snowden, Stifel analyst Steven Wieczynski issued a new report on the gaming company, reiterating a “buy” rating and a 8 price target. At least one analyst believes that sell-off is unjustified. The two casino sites are less than five miles apart by the way the crow flies. slot machine at casinoWhat we think gets overlooked is their geographical diversification, which has been a huge advantage relative to peers over the last 15 months,” said Wieczynski.No state where Penn operates accounts for more than 15% of its revenue. The analyst’s 8 price target on Penn stock assumes for traditional businesses and for iGaming/sports wagering.However, strength in the company’s expansive portfolio of regional casinos should not be overlooked, particularly against the backdrop of pent-up demand and increasing COVID-19 vaccination levels.Coming out of these meetings, we feel incrementally positive about regional gaming trends across the majority of the country, as we believe trends have remained strong thru May, with customer length of stay and spend per visit continuing to be elevated,” said Wieczynski.The analyst is increasing his 2021 through 2023 earnings before interest, taxes, depreciation and amortization (EBITDA) estimates on Penn, though he notes more of the “lift” will come in the further out years. twin river casino phase 2

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sycuan casino numberThat strength continued as the gaming name doubled from early January into mid-March, a run culminating in its inclusion in the S&P 500.From there, the stock joined another online casino/sportsbook operator in swooning, as investors fretted about market access and valuations, indicating some of the names ran too far, too fast. That strength continued as the gaming name doubled from early January into mid-March, a run culminating in its inclusion in the S&P 500.From there, the stock joined another online casino/sportsbook operator in swooning, as investors fretted about market access and valuations, indicating some of the names ran too far, too fast. Penn is the largest regional casino operator in the US, with roughly 40 casinos across 20 states.Penn Stock Got Ahead Itself, Now Ready to Rebound Coming into this year, Penn stock was already on a torrid pace following its bounce from its March 2020 nadir. golden nugget casino hotel atlantic cityBut following the aforementioned weakness, a case can be made the regional casino name is now looking attractive on valuation.“We believe PENN’s core business remains undervalued relative to peers. The two casino sites are less than five miles apart by the way the crow flies. What we think gets overlooked is their geographical diversification, which has been a huge advantage relative to peers over the last 15 months,” said Wieczynski.No state where Penn operates accounts for more than 15% of its revenue. sloto cash casino code no deposit

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bovada casino games riggedOnce beloved among gaming equities, Penn National Gaming (NASDAQ:PENN) stock is off 41.53 percent from its March highs. An analyst likes the company’s regional portfolio. And though the locations are separated by the river, driving time is still under 15 minutes. At least one analyst believes that sell-off is unjustified. (Imagroulette casino vegase: FilmMagic)The rapper, actor, reality star, and businessman recently hit up the San Manuel Casino in Southern California. At least one analyst believes that sell-off is unjustified. black hawk casino weather