seneca niagara casino mabageOne of the most widely cited and rosy projections comes from Morgan Stanley, which says the US sports gambling market could be worth billion by 2025, assuming 36 states legalize it by then.With Penn stock cruising toward its best intraday performance in years and on volume that’s already more than five times the daily average, it’s clear investors are enthusiastic about the Barstool deal.Shares of Penn National Gaming (NASDAQ:PENN) rallied to a 52-week high Wednesday.borgata casino matchEldorado Resorts’ Isle oOne of the most widely cited and rosy projections comes from Morgan Stanley, which says the US sports gambling market could be worth billion by 2025, assuming 36 states legalize it by then.“At the end of the day, we are not suggesting investors should simply close the book on the Barstool transaction.bellagio casino open

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casino grade poker table feltSands is widely viewed as one of the leading contenders to win of the initial three Japanese gaming licenses.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.The 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.mgm casino fort washington mdPutting billion into context, it’s not much revenue to be spread across an entire industry.Penn National issued a statement this morning saying that it has struck a deal with David Portnoy’s media property.The 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.admiral casino vizar

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free slot games to download and play offlinePenn also becomes Barstool’s official gaming partner for 40 years as part of the agreement, which is expected to close in the current quarter.But at least one analyst is urging a more reserved approach.”There’s something to the notion that the overall sports wagering opportunity may be subject to too much ebullience.(Image: The Verge)Rumors of the deal swirled for several weeks before hitting the wires laliante casino cafeate Tuesday night.Operator Interest Is ThereConvincing residents that a casino-resort is a good idea is one thing.Too Much EnthusiasmOne of the centerpieces of the deal is obvious: Barstool has an estimated 66 million avid readers and users, many of whom are millennials and Generation Z, demographics that traditional gaming companies like Penn are looking to better connect with.cashman casino reddit