Bicycle Casino Starbucks heir home games. black oak casino menu These days, the broad consensus in the analyst community on Penn National Gaming (NASDAQ:PENN) stock is that the name is a “buy. ” It’s rare that opinions on the casino firm deviate wildly on the same day. downstream casino jobs Traders have a lot to ponder with Penn National, as one analyst rips the name while another says it’s going to 0. hard rock hotel y casino las vegas (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 . chinook winds casino fireworks 2020 Santarelli didn’t hold back in a scathing commentary on Penn stock. is desert diamond casino on indian reservation Free Slots Era Coins Umna

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. choctaw casino jackpot winners is chukchansi casino open Santarelli’s call is undoubtedly bold. Paragon Casino Car Show 2020 Bfso His price forecast is less than half the Street consensus of almost . There’s also some history here. Live Casino Free Drinks Xcgd In June, the analyst issued a “sell” rating on Penn, drawing a stinging online rebuke from Barstool Sports founder David Portnoy. cashman casino server down In a viral, expletive-laden rant, Portnoy bashallmark casino legithed 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. casino extreme no deposit bonus today 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.

Key Insights and Expert Analysis

Rather, he sees limited opportunities on those fronts. jamul casino employee benefits 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. Enthusiasm for those segments is a primary reason why investors bid the name higher by almost 1,900 percent from its March lows. “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. 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. casino bethlehem pa boulder station casinos 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. In fact, his outlook runs in the opposite direction of Santarelli’s. chumba casino free sc no deposit bonus codes for hallmark casino june 2020

“We contend PENhallmark casino legitN 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. The Union Gaming analyst values Penn at a lower multiple than DraftKings (NASDAQ:DKNG). 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. Viejas Casino Concerts Eiaq ” 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. oxford casino hotel reopening Jumer’s Casino in Rock Island, Ill. seen here when it closed because of COVID-19.

Twin River is buying the venue for 0 million in cash. harrah s cherokee casino wsop (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 quarter of 2021. The total consideration