soaring eagle casino in standishIn a note to clients today, Morgan Stanley analyst Thomas Allen reiterates an “overweight” rating on DraftKings but pares his price target on the name to from . An analyst is concerned about rising share count due to equity compensation. (Image: Via News)In midday trading, the shares are off about two percent, extending a decline that’s seen the once scintillating gaming equity shed almost 35 percent from its March high. free casino slot games no depositWe now model a 465 million 2025 share count, adding in another (net settled) vested LTIP program and higher ongoing equity comp.”This isn’t the first time DraftKings stock encountered headwinds related to share supply. IGT will hold a 60 percent stake in the firm, and Bally’s the remaining 40 percent. We now model a 465 million 2025 share count, adding in another (net settled) vested LTIP program and higher ongoing equity comp.”This isn’t the first time DraftKings stock encountered headwinds related to share supply. boomtown casino reno buffet

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paragon casino fireworks(Image: Via News)In midday trading, the shares are off about two percent, extending a decline that’s seen the once scintillating gaming equity shed almost 35 percent from its March high. (Image: Via News)In midday trading, the shares are off about two percent, extending a decline that’s seen the once scintillating gaming equity shed almost 35 percent from its March high. Although it recently hiked its 2021 revenue guidance, DraftKings isn’t yet profitable. poker casino zaragoza(Image: AP)When Atlantic City’s nine casinos were permitted to reopen last July, indoor smoking remained on hold. We now model a 465 million 2025 share count, adding in another (net settled) vested LTIP program and higher ongoing equity comp.”This isn’t the first time DraftKings stock encountered headwinds related to share supply. (Image: Via News)In midday trading, the shares are off about two percent, extending a decline that’s seen the once scintillating gaming equity shed almost 35 percent from its March high. four winds casino entertainment

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casino 52 now amberIn just over a year as a standalone publicly traded entity, the company endured multiple lockup period expirations in which early investors shed massive amounts of equity.Add to that, the gaming operator sold 20.8 million shares of stock in a secondary offering last October, bringing more new equity supply to market.Not All Bad NewsStock compensation is common among US companies, and the practice is frequently deployed by emerging growth companies, of which DraftKings is one.It’s advantageous for employers because it limits traditional salary expenses while serving as a selling point to attract and retain talent.As for DraftKings, there are still some positives for investors to ponder. In just over a year as a standalone publicly traded entity, the company endured multiple lockup period expirations in which early investors shed massive amounts of equity.Add to that, the gaming operator sold 20.8 million shares of stock in a secondary offering last October, bringing more new equity supply to market.Not All Bad NewsStock compensation is common among US companies, and the practice is frequently deployed by emerging growth companies, of which DraftKings is one.It’s advantageous for employers because it limits traditional salary expenses while serving as a selling point to attract and retain talent.As for DraftKings, there are still some positives for investors to ponder. Tourists walk past a DraftKings advertisement in New York City’s Time Square. Another new state bill this week also proposed that Rhode Island gaming properties would continue to receive at least million a year from the state, even if the casinos once again get shuttered.Atlantic City casinos are opposing efforts by state lawmakers brian christopher slots familyin Trenton to end their exclusion from the New Jersey 2007 Smoke-Free Air Act.  TRWH argued in recent years during IGT contract discussions that allowing the gaming manufacturer to control its casino floors is bad for the state. wynn las vegas hotels.com