boomtown casino in harveyHis bullish view on the stock extends a multi-month run in which Penn has become the toast of the analyst community among gaming equities. On Sept. Wall Street prefers regional operators to those with heavy Las Vegas footprints, because the former aren’t levered to business travel and convention trends on par with Sin City.McTernan’s price estimate on Penn stock, which is the highest on Wall Street, implies upside of 20.1 percent from the Dec. nearest casino oklahomaBut 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. 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. 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. soaring eagle slots

island view casino webcam

sunset station casino italian restaurantIn 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. 22 close. It’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.river spirit casino facebookMoody’s sees improvement for casino operators in 2021, but prefers regional firms. 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. On Sept. online casino real money live dealer

winward casino 65 no deposit bonus

nearest grosvenor casino to me(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. seven states, a horse racetrack, and 13 authorized off track betting licenses in Colorado. The seller raises cash or meets regulators’ divestment requests, while the buyer bolsters its geographic depth.Just days before unveiling its .3 billion offer for Caesars in June 2019, ERI announced the sale of gaming properties in Missouri and Mississippi to the company then known as TRWH.Then came the aforementioned three-casino deal in April, and that was followed by Caesars selling the operational rights to its Tropicana Evansville casino in Indiana to TRWH in October.Eldorado Shreveport is one of three Pelican State venues Caesars is parting with. seven states, a horse racetrack, and 13 authorized off track betting licenses in Colorado. Wall Street prefers regional operators to those with heavy Las Vegas footprints, because the former aren’t levered to business travel and convention trends on par with Sin City.McTernan’s price estimate on Penn stock, which is the highest on Wall Street, implies upside of 20.1 percent from the Dec. 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. four winds casino ebentials