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four winds casino lodgingIn 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. 10, he initiated coverage with a “buy” rating and an estimate. The Barstool Sportsbook at Greektown Casino in Detroit. casino quality blackjack tableWall 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. Another Barstool sports betting venue will open at Ameristar East Chicago Casino & Hotel on Christmas Eve.Additionally, the analyst sees “continued recovery at regional casinos, helped by the rollout of the vaccine, supporting Penn stock. borgata casino bonus code deposit thunder valley casino managementfour winds casino texas holdemRather, it’s growing, as highlighted by Penn stock tacking on 15.20 percent over the past week and 37 percent over the past month.Last week, Bank of America analyst Shaun Kelley said Penn has upside potential to 1. 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. (Image: NBC News)Citing reopenings that commenced in the second quarter, the research firm says sequential earnings before interest, taxes, depreciation and amortization (EBITDA) growth wild horse pab casino transportationRosenblatt Securities analyst Bernie McTernan is boosting his price forecast, helwhat happened to brian christopher slotsping the shares to modest gains in early trading. The Las Vegas Strip. An analyst says Penn National can go to 5. blackjack crown casino harrah s casino and hotelpeppermill casino reno amenitiesNew 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. 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. (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. In early September, he didn’t even cover the company. 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. But 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. location of thunder valley casino free blazing 7 slot machines |