2024.07.19
las vegas table games casino warTheir competition, Scientific Games, has made considerably more investment,” Twin River opines.IGT naturally disagrees. Turnover in the , , and calls also set to expire this month, totaled just 969 contracts with an hour left in the session, according to Nasdaq data.Further confirming that traders are enthusiastic on PENN, at least over the short-term, there was no accompanying unusual activity in put options on the stock. (NYSE:BYD).This one is one (Penn National) that some of the smaller gaming companies have had a lot of love lately,” said options trader Jon Najarian on CNBC earlier today. boomtown casino in bobier cityWhile PENN doesn’t have a tradition of buoyant earnings updates, some analysts are enthusiastic about the stock over the long-term.Last week, researchbrian christopher slots family firm Susquehanna initiated coverage of the casino operator with a “positive” rating, the equivalent of a “buy” and a price target, implying upside of more than 25 percent from Monday’s closing price.They’re (traders) buying August calls here.”Options market data suggest traders are wagering shares of Penn National are poised to snap out of those doldrums and bets on the operator of casinos under the Ameristar and Hollywood brands come after the stock surged 8.6 perbrian christopher slots familycent last week.Bullish Buying With about an hour left in Monday’s trading session, the August Penn National calls, the options mentioned above, had a volume of nearly 13,000 contracts, meaning buyers of those contracts are betting the stock moves above before the options expire on Aug. That’s not a long road for shares of Penn National to travel because the stock trades around .60 at this writing.The August calls by far had the biggest uptick in volume today of PENN options. casino slot machine online spielen kostenlos cache creek casino creditroyal ace casino 25 free spins“There’s upside call activity. The company says it will install new machines at the Rhode Island casinos, and will agree to a 0 million capital investment mandated in the 20-year contract extension, and maintain 1,100 jobs in the state.Economic StudyIGT financed a study on the economic benefits its operating of the Rhode Island Lottery and casino slot machines provides to the state. That is less than half the 8 percent returned this year by Red Rock Resorts, Inc. pai poker casino game crobword clueThat’s not a long road for shares of Penn National to travel because the stock trades around .60 at this writing.The August calls by far had the biggest uptick in volume today of PENN options. Turnover in the , , and calls also set to expire this month, totaled just 969 contracts with an hour left in the session, according to Nasdaq data.Further confirming that traders are enthusiastic on PENN, at least over the short-term, there was no accompanying unusual activity in put options on the stock. He adds that tax revenues total nearly million annually for state and local governments.Rhode Island businessman and philanthropist billionaire Alan Hassenfeld – the former chairman and CEO of his family’s Pawtucket-based Hasbro toys – is offering to pay for an independent review regarding the IGT contract extension.“I have no skin in the game with IGT or Twin River,” Hassenfeld told the Journal. chinook winds casino rewards black oak indiana casinopoker winning hand chart“To do something like this without having really outside professionals come in, I don’t care who pbrian christopher slots familyays for the consultants – if you want me to pay for the consultants – I really would beg the governor and the speaker and the Senate to sit down and together bring in some consultants to analyze.”In the meantime, the Rhode Island GOP has petitioned the state Ethics Commission to launch a probe into the IGT-Raimondo deal.compared to machines from the state’s two other VLT vendors. Turnover in the , , and calls also set to expire this month, totaled just 969 contracts with an hour left in the session, according to Nasdaq data.Further confirming that traders are enthusiastic on PENN, at least over the short-term, there was no accompanying unusual activity in put options on the stock. (Image: Booking.com)Entering Monday, Penn National was one of the worst-performing stocks in the regional gaming space with a year-to-date gain of just 3.5 percent. compared to machines from the state’s two other VLT vendors. Turnover in the , , and calls also set to expire this month, totaled just 969 contracts with an hour left in the session, according to Nasdaq data.Further confirming that traders are enthusiastic on PENN, at least over the short-term, there was no accompanying unusual activity in put options on the stock. no dep casino codes wynn las vegas hotels.com |