viejas casino free playWith 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.Penn National issued a statement this morning saying that it has struck a deal with David Portnoy’s media property.Under the terms of the deal, Penn is paying 5 million in cash and million in equity for the 36 percent interest in Barstool.morongo casino machinesorg.Sales Job RequiredIn reiterating a “buy” rating and price target on Penn National, one that now implies only modest upside after Wednesday’s surge, Wieczynski says management needs to do an effective job of convincing investors that the Barstool buy is the right moaliante casino cafeve.0x by CYE20, we believe today’s deal, in some ways, runs counter to the deleveraging message.online gambling real money georgia

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hard rock hotel e casino“At the end of the day, we are not suggesting investors should simply close the book on the Barstool 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.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.5 line slots free onlineGiven 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.“At the end of the day, we are not suggesting investors should simply close the book on the Barstool transaction.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.egt free slot machines

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online casino jackpotevolves around day trips, not more lucrative overnight stays.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.“Second, PENN’s recent message to investors has been all about deleveraging,” said the Stifel analyst.“Second, PENN’s recent message to investors has been all about deleveraging,” said the Stifel analyst.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.Putting billion into context, it’s not much revenue to be spread across an entire industry.black oak casino california