2024.07.08
admiral casino radno vrijemePenn National Gaming (NASDAQ:PENN) is extending its scintillating run Thursday, trading higher by almost seven percent. That’s roughly .5 million more than the state received from gaming in August of 2019.That’s after Stifel analyst Steven Wieczynski placed an price target, up from , on the name, the highest such call on Wall Street. little river casino resortThat’s after Stifel analyst Steven Wieczynski placed an price target, up from , on the name, the highest such call on Wall Street. The nearly three-month closure of Keystone State casinos resultcliff castle casino hotel ratesed in the state missing out on 4 million in taxes.With casinos reopened, sports back — including, soon, the Big Ten and the return of the Penn State Nittany Lions to the gridiron — the state is once again benefiting from the industry.Total tax revenue last month totaled 8.8 million. Oddsmakers kept more than .2 million of the bets last month.Mobile betting commanded the vast majority of the betting handle and win. huff n puff free slots when is the wynn casino in las vegas openingwhen will harrah s cherokee casino open up“In our view, the simple answer is yes. That’s roughly .5 million more than the state received from gaming in August of 2019.The company is currently soft launching its Barstool Sportsbook app in Pennsylvania, putting Portnoy front and center with Barstool fans that Penn hopes to convert into loyal sports bettors.“The question regarding PENN that we get from investors all the time is, ‘Can the momentum trade continue?’” writes Wieczynski. boomtown casino new orleans promotions“In our view, the simple answer is yes. At the time, that was a Wall Street high.Trade to Continue MomentumAt this juncture, as Wieczynski notes, Penn is what’s known as a momentum trade. That’s after Stifel analyst Steven Wieczynski placed an price target, up from , on the name, the highest such call on Wall Street. soaring eagle casino bar harrah s cherokee casino twitter3 casinos in davao cityThe simple definition of momentum investing is buying securities that already appreciated significantly, often over short time frames, with expectations that momentum will continue propelling those names higher.There’s no denying Penn has ample momentum, most of which is sourced via ongoing market ebullience for sports betting. That’s roughly .5 million more than the state received from gaming in August of 2019.A top executive at Rutter’s told me last week that the VGTs have performed very well for the convenience store chain. At the time, that was a Wall Street high.Trade to Continue MomentumAt this juncture, as Wieczynski notes, Penn is what’s known as a momentum trade. At the time, that was a Wall Street high.Trade to Continue MomentumAt this juncture, as Wieczynski notes, Penn is what’s known as a momentum trade. At the time, that was a Wall Street high.Trade to Continue MomentumAt this juncture, as Wieczynski notes, Penn is what’s known as a momentum trade. is turtle lake casino buffet open blackjack casino friv |