Lucky 7 Casino Poker rators face a zero-revenue situation because of temporary closures forced by the coronavirus outbreak. Like other operators, Penn, which runs 41 casinos in 19 states, is unable to offer any visibility as to when its venues will reopen. The company also pulled its 2020 financial guidance as a result. It’s expected that the operator will provide analysts and investors with an update on May 7. free slots penny Wieczynski believes the “market has currently priced in an extreme downside scenario” with Penn stock. Indeed, the name is recently volatile, slumping from the 52-week high of . fanduel casino app android

18 to a low of . little river casino resort upcoming events 75 in a matter of weeks. After hitting that 52-week low, the stock proceeded to more than triple, eclipsing a handle, but has since given back about 27 percent of those gains. Favorable Risk/RewardWith the new liquidity lifeline via the Tropicana transaction and an attractive valuation, among other factors, Penn offers investors a compelling risk/reward setup, according to Wieczynski. choctaw casino jackpot winners Z Casino Colorado Vydx “We continue to believe a relatively healthy US consumer; a maniacal margin focus; upside from a recently implemented universal player loyalty program; a commitment to reducing lease-adjusted leverage to 5. four winds casino new buffalo reviews online gambling vs casino 0x; and an approachable valuation all position PENN to deliver superior shareholder returns over the intermediate to longer term,” he said. no deposit bonus casino south africa 2021

Key Insights and Expert Analysis

“With all of that said, we encourage investors to remain buyers of the shares, as we believe current levels present a compelling long-term riskhard rock casino in florida/reward setup, all else being equal. ”The analyst has a “buy” rating and a price target on the stock, meaning it needs to more than triple from current levels to reach that forecast. luckyland slots mastercard Eldorado Resorts Inc. no deposit bonus intertops casino ’s (NASDAQ:ERI) . quartz casino no deposit bonus Hard Rock Casino New York Zphs Austria 3 billion pursuit of Caesars Entertainment (NASDAQ:CZR) is hitting major regulatory headwinds, but not because states are opposed to the deal. Is Black Hawk Casino Open Yet Ilxb Because of the coronavirus, regulators in New Jersey and other states are postponing meetings to discuss the Eldorado/Caesars deal and that’s bad news for both companies. borgata casino online chumba casino login zendesk

(Image: CNBC)Rather, gaming authorities in some states – including the big kahunas Nevada and New Jersey – are postponing regularly scheduled meetings because of the coronavirus outbreak. riverwind casino fireworks 2020 The Nevada Gaming Control Board (NGCB) and the New Jersey Division of Gaming Enforcement (NJDGE) were slated to evaluate the transaction, which would create the largest domestic gaming company, over the next several weeks. With much of the US essentially shut down because of COVID-19, agencies are pushing back time frames for considering ERI’s takeover of Caesars. thunder valley casino jobs There are much more important things happening in our country and industry,” said NGCB Chairman Tony Alamo in an interview with the New York Post. NGCB’s web site indicates the agency held a meeting on March 19 and another consultation is scheduled for April 8. In the Garden State, it was expected the deal was going to be considered in mid-April.

But now it appears ahard rock casino in floridas though the earliest the NJDGE will make a recommendation is early May. bellagio casino property map After that agency’s decision, the transaction would move onto the Casino Control Commission (CCC), which isn’t slated to get together again until May 13. Time Isn’t on ERI’s SideWhen Reno-based Eldorado unveiled the . Ruby Slots Bonus Codes Enbj Austria 3 billion offer for Caesars last June, it was expected that the companies would need 18 states to sign-off on the deal. Thus far, more than a third have signed off, including Illinois, Iowa, Louisiana, Maryland and Pennsylvania, among others. no deposit codes royal ace casino However, ERI desperately needs the process to be expedited because, as was reported earlier this week, with the deal not being finalized after a nine-month deadline, the acquirer is doling out a daily “ticking fee” of .

3 million to the Caesars Palace operator. After news of ERI’s offer for Caesars emerged last year, analysts widely speculated that