mychoice casino in las vegasThe simple definition of momentum investing is buying securities that already appreciated significantly, often over short time frames, with expectations that momentum will continue propelling those names higher.There’s no denying Penn has ample momentum, most of which is sourced via ongoing market ebullience for sports betting. 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 legislation.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 comWagering on sports has been a welcomed bonus to casinos ever since.Sportsbooks posted a record handle in August of 5 million. admiral casino free spinsAfter a run like that, it’d be easy to assume upside from here is limited. 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 legislation.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 com(Image: CNBC)With the US sports calendar replenished following the coronavirus shutdown and states shattering previous handle records, Penn’s 36 percent ownership of David Portnoy’s Barstool Sports looks all the more compelling to investors.That’s speeding a rally that’s seen the stock more than double since mid-July. raging bull casino codes may 2021

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seneca niagara casino winnersIts previous best was 8.4 million set in January of 2020. 16 close and arrives a week after another analyst placed an forecast on the name. 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. slotocash casino no deposit bonus1.3 billion last year placed No. 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 legislation.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 comOnline sportsbooks were responsible for .4 million of the hold.Pennsylvania’s gaming industry is also benefiting from the implementation of video gaming terminals (VGTs). mgm casino floor

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