peppermill casino wendoverPenn National Gaming (NASDAQ:PENN) is garnering more support among sell-side observers. In early September, he didn’t even cover the company. 10, he initiated coverage with a “buy” rating and an estimate. peppermill casino sports book(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. 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. In 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. clearwater casino wenatchee

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coushatta casino wikiRosenblatt Securities analyst Bernie McTernan is boosting his price forecast, helgolden nugget casino hotelping the shares to modest gains in early trading. 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. Since then, the golden nugget casino hotelshares are up a staggering 2,478.40 percent, as Wall Street becomes enamored by the relationship with Barstool Sports and the prospects for iGaming.That momentum is showing essentially no signs of waning. different casino poker gamesThe 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. The others are the Belle of Baton Rouge riverboat casino and Harrah’s Louisiana Downs.The travel and leisure industry is ready to put 2020 behind it, and Moody’s Investors Service sees gaming as one of the segments most likely to firm up next year. bellagio casino restaurants

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g casino coventryWall 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. Moody’s sees improvement for casino operators in 2021, but prefers regional firms. The company is doing just that, as it’s debuting Barstool Sportsbooks today at its Greektown Casino Hotel in Detroit and at the Hollywood Casino Lawrenceburg in Indiana. Rosenblatt Securities analyst Bernie McTernan is boosting his price forecast, helgolden nugget casino hotelping the shares to modest gains in early trading. Moody’s sees improvement for casino operators in 2021, but prefers regional firms. Bally’s on the Las Vegas Strip is operated by Caesars and isn’t part of the “new Bally’s” portfolio.Familiar PartnersIn Bally’s, the old ERI/new Caesars has developed a steady relationship when it comes to off-loading properties,, and it’s a win-win. resorts casino in las vegas