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nugget casino reno room serviceGiven 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.Shares of Penn National Gaming (NASDAQ:PENN) rallied to a 52-week high Wednesday.my borgata online casino“Second, PENN’s recent message to investors has been all about deleveraging,” said the Stifel analyst.Penn 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.But at least one analyst is urging a more reserved approach.morongo casino food

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mountaineer casino open yet30, 2019.Penn also becomes Barstool’s official gaming partner for 40 years as part of the agreement, which is expected to close in the current quarter.Penn 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.Under the terms of the deal, Penn is paying 5 million in cash and million in equity for the 36 percent interest in Barstool.org.”There’s something to the notion that the overall sports wagering opportunity may be subject to too much ebullience.black bear casino gift shop

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