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hallmark. casinoAt this point, we believe investors have attributed - of equity value per share to PENN’s Barstool acquisition and the long-term opportunity it could present.”The Stifel analyst points out that online casinos and sports wagering are in their infancies, and that it will be years, perhaps even a decade, before investors figure out what estimates on those opportunities were proven right or wrong. Gross gaming revenue (GGR) totaled 4.9 million in 2019, a 5.4 percent gain in the previous year.COVID-19 has, of course, hurt casino numbers, but not as much as on the Strip.GGR (YoY Percent Drop) June JulyStrip -61.4 -39.2Downtown The Fremont Street Experience has found its next CEO to run downtown Las Vegas’ main attraction — Andrew Simon, a marketing and television executive. raging bull casino no deposit bonus 2021He also notes that momentum for Penn could extend with Election Day upcoming because as many as 10 states could “fast track or formally pass” internet gaming and sports betting legialiante casino bowling alleyslation.Land Based Casinos Still KeyWith Portnoy as the new face of Penn and all the hype surrounding sports wagering, many investors may be overlooking the operator’s core competency: Running land-based casinos. The company is currently soft launching its Barstool Sportsbook app in Pennsylvania, putting Portnoy front and center with Barstool fans that Penn hopes to convert into loyal sports bettors.“The question regarding PENN that we get from investors all the time is, ‘Can the momentum trade continue?’” writes Wieczynski. The Fremont Street Experience has found its next CEO to run downtown Las Vegas’ main attraction — Andrew Simon, a marketing and television executive. firekeepers casino table games poker casino holdemvalley forge casino mapThe company is currently soft launching its Barstool Sportsbook app in Pennsylvania, putting Portnoy front and center with Barstool fans that Penn hopes to convert into loyal sports bettors.“The question regarding PENN that we get from investors all the time is, ‘Can the momentum trade continue?’” writes Wieczynski. The Nevada Gaming Commission is expected to sign off on Derek Stevens’ new property on September 24.Circa says it will open “on or before” December 28. Wieczynski advises against forgetting about that part of the Penn National thesis.“PENN management has indicated it believes it can return to 2019 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) levels, with only 90 percent of 2019 revenues,” said the Stifel analyst. bovada casino jackpot winnersThe Fremont Street Experience has found its next CEO to run downtown Las Vegas’ main attraction — Andrew Simon, a marketing and television executive. He also notes that momentum for Penn could extend with Election Day upcoming because as many as 10 states could “fast track or formally pass” internet gaming and sports betting legialiante casino bowling alleyslation.Land Based Casinos Still KeyWith Portnoy as the new face of Penn and all the hype surrounding sports wagering, many investors may be overlooking the operator’s core competency: Running land-based casinos. Gross gaming revenue (GGR) totaled 4.9 million in 2019, a 5.4 percent gain in the previous year.COVID-19 has, of course, hurt casino numbers, but not as much as on the Strip.GGR (YoY Percent Drop) June JulyStrip -61.4 -39.2Downtown krispy kreme mohegan sun casino royal ace casino no rules bonusscarlet pearl casino managementThe Nevada Gaming Commission is expected to sign off on Derek Stevens’ new property on September 24.Circa says it will open “on or before” December 28. The Fremont Street Experience has a new CEO. At the time, that was a Wall Street high.Trade to Continue MomentumAt this juncture, as Wieczynski notes, Penn is what’s known as a momentum trade. Gross gaming revenue (GGR) totaled 4.9 million in 2019, a 5.4 percent gain in the previous year.COVID-19 has, of course, hurt casino numbers, but not as much as on the Strip.GGR (YoY Percent Drop) June JulyStrip -61.4 -39.2Downtown It hangs 90 feet above pedestrians and aliante casino bowling alleycomes with 49.3 million LED lights that can now be viewed during the day, and a 600,000-watt sound system.Downtown TurnaroundBefore the coronavirus hit, downtown Las Vegas was on a roll. The company’s board is made up of representatives from the district’s casino resorts, incaliante casino bowling alleyluding Binion’s, California, The D, Four Queens, Fremont, Golden Gate, Golden Nugget, Main Street Station — and soon, Circa.Circa 2020This year has been unlike any other in Las Vegas’ past, as COVID-19 resulted in unprecedented closures of casinos, and with gaming floors likely forever changed. the el dorado casino reno www.paragon casino.com |