2024.07.19
hallmark casino enRosenblatt Securities analyst Bernie McTernan is boosting his price forecast, helping the shares to modest gains in early trading. Bally’s on the Las Vegas Strip is operated by Caesars and isn’t part of the “new Bally’s” portfolio.Familiar PartnersIn Bally’s, the old ERI/new Caesars has developed a steady relationship when it comes to off-loading properties,, and it’s a win-win. 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. find free casino slot games(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. Penn National Gaming (NASDAQ:PENN) is garnering more support among sell-side observers. Since then, the shares are up a staggering 2,478.40 percent, as Wall Street becomes enamored by the relationship with Barstool Sports and the prospects for iGaming.That momentumdownstream casino sports betting foxwoods resort casino activitiesdoubledown casino free chips 2021 facebook10, he initiated coverage with a “buy” rating and an estimate. 10, he initiated coverage with a “buy” rating and an estimate. But that deal collapsed amid the coronavirus pandemic. draftkings casino customer serviceto Maverick Gaming LLC for 0 million. 10, he initiated coverage with a “buy” rating and an estimate. Rosenblatt Securities analyst Bernie McTernan is boosting his price forecast, helping the shares to modest gains in early trading. hard rock casino in biloxi mibibippi intertops casino clabic no deposit codesmohegan sun casino bonusIn early September, he didn’t even cover the company. On Sept. (TRWH).That transaction was announced in April, when gaming property prices were at rock bottom levels due to COVID-19, allowing TRWH to scoop up the Pelican State venue, Mont Bleu Resort Casino & Spa in Lake Tahoe, and Bally’s on the Atlantic City, NJ Boardwalk for just 0 million combined.Important Buy for Bally’sSealing the Eldorado Shreveport transaction is important to Bally’s for multiple reasons.First, it moves along the Rhode Island-based company’s geographic divernugget casino reno eventssification efforts, while diversifying its revenue stream and reducing its dependence on its home market. 10, he initiated coverage with a “buy” rating and an estimate. (Image: Reno Gazette-Journal)That venue is one the company previously known as Eldorado Resorts (ERI) was required by the Federal Trade Commission (FTC) to divest as part of that operator’s effort to acquire the the old version of Caesars for .3 billion.In approving that mega deal, the FTC told ERI to part with gaming venues in the South Lake Tahoe region of Nevada and the Bossier City-Shreveport area of Louisiana. 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. borgata casino customer service phone number downstream casino gas station |