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2024.07.19
hollywood casino directionsAhead of Penn National Gaming, Inc.’s (NASDAQ:PENN) second-quarter earnings report due out Thursday before the US markets open, options traders piled into the name Monday, making decidedly upside wagers on the regional gaming company. Traders buy call options to express a positive view on a stock while put options are employed to bet that the underlying equity will decline.Penn National, the operator of the Greektown Casino in Detroit, is expected to post earnings of 34 cents a share for the quarter ending June 30, down from 57 cents a year earlier.Analyst Chatter Over the past month, analysts revised profit estimates on Penn National higher by nearly 2 percent. compared to machines from the state’s two other VLT vendors. is coushatta casino pet friendlyThe company’s last four quarterly reports featured just two upside surprises. compared to machines from the state’s two other VLT vendors. 16. seneca niagara casino tim hortons mohegan sun casino directionsphone number for double down casinoThat is less than half the 8 percent returned this year by Red Rock Resorts, Inc. 16. Ahead of Penn National Gaming, Inc.’s (NASDAQ:PENN) second-quarter earnings report due out Thursday before the US markets open, options traders piled into the name Monday, making decidedly upside wagers on the regional gaming company. resorts casino in atlantic cityMore than 1,800 of their machines are more than a decade old. More than 1,800 of their machines are more than a decade old. That is less than half the 8 percent returned this year by Red Rock Resorts, Inc. harrah s cherokee casino events black hawk casino stroud oklive casino slot gamesThey’re (traders) buying August calls here.”Options market data suggest traders are wagering shares of Penn National are poised to snap out of those doldrums and bets on the operator of casinos under the Ameristar and Hollywood brands come after the stock surged 8.6 perbrian christopher slots familycent last week.Bullish Buying With about an hour left in Monday’s trading session, the August Penn National calls, the options mentioned above, had a volume of nearly 13,000 contracts, meaning buyers of those contracts are betting the stock moves above before the options expire on Aug. Bryant University Professor of Economics Edi Tebaldi carried out the review, and concluded that IGT will generate 9.5 million in economic activity in the state this year.“IGT supports 2,445 jobs (direct, indirect and induced), produces 6.1 million in labor income, and generates 9.5 million in value for Rhode Island’s economy annually,” Tebaldi said. While PENN doesn’t have a tradition of buoyant earnings updates, some analysts are enthusiastic about the stock over the long-term.Last week, researchbrian christopher slots family firm Susquehanna initiated coverage of the casino operator with a “positive” rating, the equivalent of a “buy” and a price target, implying upside of more than 25 percent from Monday’s closing price.He adds that tax revenues total nearly million annually for state and local governments.Rhode Island businessman and philanthropist billionaire Alan Hassenfeld – the former chairman and CEO of his family’s Pawtucket-based Hasbro toys – is offering to pay for an independent review regarding the IGT contract extension.“I have no skin in the game with IGT or Twin River,” Hassenfeld told the Journal. (NASDAQ:RRR) and a mere fraction of the almost 30 percent gained by Boyd Gaming Corp. (NASDAQ:RRR) and a mere fraction of the almost 30 percent gained by Boyd Gaming Corp. online casino jobs work from home draftkings casino tips |