twin river casino closedThe analyst notes that while there’s “a lot of buzz” surrounding online betting and sports wagering in the US, the market remains highly fragmented, with “challenged unit economics.Under the terms of the deal, Penn is paying 5 million in cash and million in equity for the 36 percent interest in Barstool.The surge of more than 12 percent came after the regional gaming company confirmed that it’s paying 3 million in cash and stock to purchase a 36 percent chunk of Barstool Sports.harrah s casino south lake tahoePenn National stock is soaring on the deal to buy part of David Portnoy’s Barstool Sports, but one analyst isn’t crazy about the transaction.For instance, it’s barely more than half the turnover generated by Las Vegas Sands (NYSE:LVS) for the 12 months ending Sept.But at least one analyst is urging a more reserved approach.boulder station hotel and casino restaurants

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treasure island resort and casino las vegas nvUnder the terms of the deal, Penn is paying 5 million in cash and million in equity for the 36 percent interest in Barstool.But at least one analyst is urging a more reserved approach.Given our somewhat pessimistic view of the current sports betting craze, we find ourselves feeling cautiously optimistic about the strategic merits of PENN’s announced 3M investment in the Barstool Sports brand,” said Stifel analyst Steven Wieczynski in a note provided to Casino.online casino quick verificationorg.Sales Job RequiredIn reiterating a “buy” rating and price target on Penn National, one that now implies only modest upside after Wednesday’s surge, Wieczynski says management needs to do an effective job of convincing investors that the Barstool buy is the right moaliante casino cafeve.“Although management reiterated its desire to get lease-adjusted net leverage to 5.is wild horse pab casino open today

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riverwind casino and hotel in norman oklahomaShares of Penn National Gaming (NASDAQ:PENN) rallied to a 52-week high Wednesday.“At the end of the day, we are not suggesting investors should simply close the book on the Barstool transaction.“Although management reiterated its desire to get lease-adjusted net leverage to 5.”There’s something to the notion that the overall sports wagering opportunity may be subject to too much ebullience.“At the end of the day, we are not suggesting investors should simply close the book on the Barstool transaction.Penn National issued a statement this morning saying that it has struck a deal with David Portnoy’s media property.jamul casino wedding