Mohegan Sun Casino Giveaways s is 149 percent, ranking it fifth on Barron’s list. emperors palace online casino no deposit bonus Coushatta Casino Jackpot Winners Ucal Two of the names ahead of Penn — Tesla (NASDAQ:TSLA) and ViacomCBS (NASDAQ:VIAC) — fit the bill as controversial stocks. House Divided over Penn StockOff its March 2020 coronavirus pandemic lows through March 2021, Penn National wasn’t just one of the best-performing gaming equities. golden nugget casino in lake charles louisiana It was one of the stars among domestic stocks, running from just under to a high of 2. While the stock is still mostly liked by analysts, it’s off 46. 32 percent from its 52-week. Lucky Tiger Casino Reviews Orgo Compounding that weakness is the fact that Penn is lower 5. 56 percent over the past week, and hasn’t traded above its 50-day moving average in nearly three months. morongo casino 2021

In other words, it’s not surprising analysts are divided on the name, and that they are. “The 14 analysts offering 12-month price forecasts for Penn National Gaming Inc have a median target of 4. choctaw casino koa free vegas slot machine games 457 00, with a high estimate of 1. 00 and a low estimate of . 00,” according to CNN Businesses. From current levels, Penn stock would need to almost double to hit 1, and gain 50 percent to reach the median forecast of 4. Daring Analysts Get VindicationDuring its meteoric rise, there was a point at which Penn stock had a larger market capitalization than rival MGM Resorts International (NYSE:MGM). seminole casino konawa And during that ascent, analysts received public lambasting if they waxed bearish on the name. harrah s casino north carolina

Key Insights and Expert Analysis

That happened last June when Barstool Sports founder David Portnoy issued adoubledown fort knox casino free viral, expletive-laden rant bashing Deutsche Bank analyst Carlo Santarelli for issuing a “sell” rating on Penn. The gaming company owns 36 percent of Barstool. Last October, Santarelli lifted his price target on Penn to from . Massachusetts casinos posted a new all-time record revenue month in May. blackjack casino table desert diamond casino and hotel The three casinos collectively won nearly million from gamblers. oxford england casino An employee at Encore Boston Harbor sanitizes an escalator handrail. 4 stars casino no deposit bonus code Morongo Casino Twitter Boqq Massachusetts casinos reported record gaming revenue in May 2021. (Image: Boston Business Journal)Prior to May 2021, the state casinos’ best mark came just prior to the pandemic.

February 2020 gross gaming revenue (GGR) came in at . 8 million. Despite operating under ongoing pandemic-related restrictions, including mandatory face mask-wearing, plexiglass barriers at table games, and social distancing being observed, the casinos took more money from gamblers than ever before. Wynn Resorts’ Encore Boston Harbor in Everett led the way with . hard rock hotel y casino atlantic city Choctaw Casino Open Qxwr 9 million. MGM Resorts’ MGM Springfield was a distant second at . no deposit bonus casino on registration 3 million, and Plainridge Park, the slots-only facility operated by Penn National Gaming, placed third at . 5 million.

The state receives 25 percent of the GGR generated at Encore and MGM, and 49 percent of Plainridge’s slot receipts. Last month, those taxes equated to more than . different casino poker games 6 million. caesar casino book Massachusetts legalized commercial gaming in November of 2011, when then-Gov. Deval Patrick (D) signed doubledown fort knox casino freethe Expanded Gaming Act. Plainridge Park was the first casino to open in the state four years later in June of 2015. COVID-19 Restrictions LiftedMassachusetts’ three casinos hope to continue the GGR momentum with another strong performance in June. scarlet pearl casino careers They’ve already been dealt a better hand for this month.

The Massachusetts Gaming Commission (MGC) lifted all COVID-19 operating restrictions on the casinos effective 12:01 am ET on Saturday, May 29. Guests and employees who are fully vaccinated are no longer required to wear masks, and patrons can also eat and drink freely while walking the casino floors. Slot machines no longer must be arranged to practice social distancing, plexiglass barriers at table games have been removed, and the properties are not constrained to reduced capacity limits. MGM and Encore said their human resources departments are able to track which employees have