Is Zynga Poker Down heir home games. These days, the broad consensus in the analyst community on Penn National Gaming (NASDAQ:PENN) stock is that the name is a “buy. online casino real money offshore ” It’s rare that opinions on the casino firm deviate wildly on the same day. Traders have a lot to ponder with Penn National, as one analyst rips the name while another says it’s going to 0. tropicana expreb hotel casino laughlin (Image: Associated Press)However, that’s happening today, as Deutsche Bank’s Carlo Santarelli reiterates a “sell” rating on the gaming company, though he did raise his price target on the stock to from . That’s a far cry from the bullishness extolled by Union Gaming’s John DeCree, who placed a 0 estimate on the name. DeCree’s Wall Street-high forecast emerges just a day after a counterpart lifted his Penn projection to . 3dice Casino No Deposit Bonus 2020 Spcp Santarelli didn’t hold back in a scathing commentary on Penn stock. We think PENN has largely benefited from the retail community turning the ticker into an internet meme of sorts, thereby creating momentum in the stock that has attracted institutional investors from verticals outside of the traditional gaming arena,” said the Deutsche Bank analyst. free casino slot machines with bonus rounds

Santarelli’s call is undoubtedly bold. His price forecast is less than half the Street consensus of almost . There’s also some history here. In June, the analyst issued a “sell” rating on Penn, drawing a stinging online rebuke from Barstool Sports founder David Portnoy. In a viral, expletive-laden rant, Portnoy basfree online poker bonus no deposithed Santarelli and, on multiple occasions intentionally mispronounced the analyst’s surname. Penn owns 36 percent of Barstool, a relationship that’s mostly lauded on Wall Street. harrah s casino reservations borgata casino hotel atlantic city Fundamentals LackingWhile Santarelli’s bear rating on Penn could be construed as a case of bad blood, the reality is the analyst isn’t fawning over the prospects of the US iGaming and sports wagering markets. Rather, he sees limited opportunities on those fronts. As investors realize online casinos and sports betting will have difficulty living up to lofty expectations, Penn stock could be vulnerable to “a considerable contraction,” said the analyst.

Key Insights and Expert Analysis

Enthusiasm for those segments is a primary reason why investors bid the name higher by almost 1,900 percent from its March lows. winstar world casino employees admiral casino wood green “Couple this with a big picture ‘TAM’ story that ‘can’t be disproved’, sprinkle in some slides about Twitter followers and Instagram impressions, and you create a narrative that largely abandons fundamental rationale,” said Santarelli. Vegas Casino Online Real Money No Deposit Wwem The analyst adds investors are likely to be left disappointed upon discovering the amount of sports betting market share that’s readily obtainable for operators. Bull CallObviously, Union Gaming’s DeCree has a different view on Penn. His 0 price target is nearly 50 percent above consensus and implies upside of almost 33 percent from where the stock currently trades. four winds casino st joseph mi In fact, his outlook runs in the opposite direction of Santarelli’s. usa no deposit online casino Little River Casino Birthday Rewards Jprc “We contend PENfree online poker bonus no depositN is one of the best plays for both the COVID reopening trade and long-term total addressable market (TAM) in US iCasino and sports betting,” said DeCree. events at valley forge casino no deposit bonus casino 2021 czech The Union Gaming analyst values Penn at a lower multiple than DraftKings (NASDAQ:DKNG). casino extreme mobile login owing to the latter’s head start in online sports betting.

But he says that gap should tighten as Penn “continues to ramp up and execute. 4 stars casino no deposit bonus is mohegan sun pocono open ” Twin River Worldwide Holdings (NYSE:TRWH) is purchasing Jumer’s Casino & Hotel in Rock Island, Ill. for 0 million in cash, marking the company’s first move into the Prairie State. Jumer’s Casino in Rock Island, Ill. seen here when it closed because of COVID-19. black oak casino fishing pond Twin River is buying the venue for 0 million in cash. casino 2000 slot machine free (Image: Quad-City Times)Jumer’s has a 40,000 square foot casino with 870 slot machines, 25 table games, and a 205-room hotel. Twin River said the deal is scheduled to close in the second The Golden Nugget Casino Biloxi Cmsg