2024.07.20
boomtown casino kenner(Image: St. Now that more states are expected to permit one or both of those pastimes as avenues for bolstering revenue following COVID-19, analysts are ratcheting up estimates.Some are saying sports betting alone could swell to billion, with online casinos jumping to .5 billion over the next several years.JPMorgan likes “the attractive growth potential of the US sports betting/iGaming industry, a segment that likely will be broken out/separated from land-based casinos sooner rather than later — a potential catalyst for valuation multiple expansion and an opportunity we believe is worth per share, or ~46% of the current share price,” according to the bank.Big Bucks BetsOn a conference call with analysts and investors last week, Caesars CEO Tom Reeg said a “permanent solution” for the company’s iGaming and sports wagering businesses could be revealed by the end of this year.Last year, Reeg mentioned the units could be spun off to generate value for investors because the old Caesars equity didn’t adequately reflect the growth opportunity offered by those businesses. Wall Street is increasingly enthusiastic about that relationship, because it gives Penn access to millions of new potential customers in younger demographics that are rapidly embracing internet casinos and sports betting.“We believe Barstool Sports’ embedded customer base and content creation engine will drive one of the lowest customer acquisition costs in the sports betting industry, allowing PENN to quickly take share within our proprietary iGaming and Sports Betting models,” said Goldman analyst Stephen Grambling.Penn is also likely to leverage Barstool’s dominant social media presence. big dollar online casino no deposit bonus(Image: St. Shares of Penn National Gaming (NASDAQ:PENN) are higher by more than seven percent Thursday. But that’s also slightly below the Wall Street average of .is morongo casino 18 and over no deposit bonus dreams casinodesert diamond casino 91st and northernBarstool Sports and founder David Portnoy, seen here, are big reasons Goldman Sachs is bullish on Penn National Gaming. At the time, the deal was mostly praised, though some analysts expressed reservations about the price, citing the operator’s high debt burden.The casino company can eventually acquire the sports media property outright for 0 million. Barstool Sports and founder David Portnoy, seen here, are big reasons Goldman Sachs is bullish on Penn National Gaming. intertops casino red free spins“In fact, we estimate that more than 0 billion is up for grabs on an annual basis from these restrictionsBut that’s also slightly below the Wall Street average of .Shares of Penn National Gaming (NASDAQ:PENN) are higher by more than seven percent Thursday. firekeepers casino tribe desert diamond casino free playmy choice casino gamesAt the time, the deal was mostly praised, though some analysts expressed reservations about the price, citing the operator’s high debt burden.The casino company can eventually acquire the sports media property outright for 0 million. Barstool Sports and founder David Portnoy, seen here, are big reasons Goldman Sachs is bullish on Penn National Gaming. At the time, the deal was mostly praised, though some analysts expressed reservations about the price, citing the operator’s high debt burden.The casino company can eventually acquire the sports media property outright for 0 million. The stock raced to a new 52-week high after Goldman Sachs initiated coverage of the gaming company with a “buy” rating. Barstool Sports and founder David Portnoy, seen here, are big reasons Goldman Sachs is bullish on Penn National Gaming. Wall Street is increasingly enthusiastic about that relationship, because it gives Penn access to millions of new potential customers in younger demographics that are rapidly embracing internet casinos and sports betting.“We believe Barstool Sports’ embedded customer base and content creation engine will drive one of the lowest customer acquisition costs in the sports betting industry, allowing PENN to quickly take share within our proprietary iGaming and Sports Betting models,” said Goldman analyst Stephen Grambling.Penn is also likely to leverage Barstool’s dominant social media presence. resorts casino offer code harrah s cherokee casino event calendar |