tachi palace hotel casino california lemoore ca(Image: NBC News)Citing reopenings that commenced in the second quarter, the research firm says sequential earnings before interest, taxes, depreciation and amortization (EBITDA) growth Penn National Gaming (NASDAQ:PENN) is garnering more support among sell-side observers. The others are the Belle of Baton Rouge riverboat casino and Harrah’s Louisiana Downs.chumba casino reviews 2021New state legislation for online sports betting and iGaming as state governments deal with the impact of COVID-19 on their budgets,” said McTernan.The analyst’s affinity for Penn stock is rapidly growing. His bullish view on the stock extends a multi-month run in which Penn has become the toast of the analyst community among gaming equities. New state legislation for online sports betting and iGaming as state governments deal with the impact of COVID-19 on their budgets,” said McTernan.The analyst’s affinity for Penn stock is rapidly growing. the hollywood casino columbus ohio

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nearest casino houston texasIt’s also well above the consensus projection around , indicating some other analysts covering the name may borgata pa online casino app downloadbe compelled to lift their targets.But that forecast may need to move higher, because the shares are flirting with at this writing.Fundamentals Backstop Bullish ThesisRosenblatt’s McTernan is bullish on Penn due in part to sports wagering expansion. In early September, he didn’t even cover the company. admiral casino portsmouthWhen several still-pending purchases are finalized, including the aforementioned MontBleu, the operator will control 14 gaming venues in 10 states.Eldorado Shreveport will, at some point next year, likely bear the Bally’s name, as the company is in the process of rebranding all of its venues with that mark. By the end of that month, McTernan lifted his price target on the shares to .Momentum Building for Penn StockThe operator of casinos under the Argosy and Hollywood brands, among others, epitomizes a 2020 rags-to-riches story in the gaming space.At the height of the coronavirus crisis, Penn stock slumped below , with some in the investment community pondering the company’s ability to survive. 10, he initiated coverage with a “buy” rating and an estimate. mgm casino hotel rooms

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roulette casino a vendre d occasionThe company is doing just that, as it’s debuting Barstool Sportsbooks today at its Greektown Casino Hotel in Detroit and at the Hollywood Casino Lawrenceburg in Indiana. In early September, he didn’t even cover the company. Rather, it’s growing, as highlighted by Penn stock tacking on 15.20 percent over the past week and 37 percent over the past month.Last week, Bank of America analyst Shaun Kelley said Penn has upside potential to 1. (Image: Twitter)In a note to clients today, McTernan lifts his price target on the casino operator to 5 from , good for the highest estimate on Wall Street. In lifting his projection on the name, the analyst cites the familiar factors of state-level proliferation of online casinos and sports betting.Market share in new state launches, as the Barstool sportsbook app will be at the same starting line as competitors. When several still-pending purchases are finalized, including the aforementioned MontBleu, the operator will control 14 gaming venues in 10 states.Eldorado Shreveport will, at some point next year, likely bear the Bally’s name, as the company is in the process of rebranding all of its venues with that mark. drake casino games