Harrah S Casino Gulfport on. Table games will not be offered. chinook winds casino covid 19 Food service will offer limited seating, and drinks will be served in disposable cups. latest free slot machines Guests also “must practice social distancing by staying six to 10 feet away” from other people. chumba casino malfunction “Play smart and stay apart,” the casino instructions state. “While admittedly these first steps will be small and slow, we hope to be with you every step along the way,” Crisafulli stated. On a mostly lethargic day for gaming equities, shares of Penn National Gaming (NASDAQ:PENN) are standing out, thanks to a sell-side analyst boosting his price target on the stock in dramatic fashion, citing catalysts including Barstool Sports and online casinos. Chukchansi Casino Buffet Open Gsbz David Portnoy’s Barstool Sports is going to be a positive driver for Penn National stock, says one analyst.

(Image: Variety)In a note to clients released earlier today, Nomura Instinet analyst Harry Curtis reiterated a “buy” rating on Penn National, while boosting his price target on the Ameristar operator to . That’s around the stock’s 52-week high, a level that hasn’t been touched since late February. aliante casino employment riverwind casino norman ok Our target price for PENN assumes a target multiple of 9. jamul casino and hotel 6x our 2022 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) estimate, a slight premium to the stock’s historical average forward multiple given growth optionality from i-casino/sports betting through Barstool,” said Curtis. casino upstate new york That’s at least the third price forfoxwoods resort casino facebookecast hike by an analyst covering Penn over the past 10 days. On May 20, JPMorgan lifted its target on the Hollywood operator to from . Earlier this week, Morgan Stanley increased its projection on Penn to from . q casino concerts Impressive ResurgenceThis month, Penn stock nearly doubled, and its more than eight-fold surge off its March lows is one of the most impressive rebounds among all domestic gaming equities.

Key Insights and Expert Analysis

Much of Wall Street’s and investors’ enthusiasm for the name is attributable to the integration of Barstool Sports, in which the operator acquired a 36 percent stake in January, and the company’s positioning in the booming iGaming market. Penn executives previously said iGaming is going to be a “material” driver of earnings and revenue in 2021 and beyond. mountaineer casino hotels brian christopher slots may 2020 Analysts and investors like the asset-light, high margin model that accompanies online casinos, and are valuing companies with exposure to this niche on par with technology firms, not traditional gaming entities. online casino minnesota Curtis, the Instinet analyst, added that his revised estimates on Penn allot for what he calls a “normal” recession and upside to be derived from Barstool. real cash online casinos His price target far exceeds the sell-side average of . 31. mgm casino employment paypal and online gambling Regional RecoveryAnalysts are bullish on regional operators, including Penn, based on the premise that smaller gaming markets will bounce back from the coronavirus pandemic more rapidly than Las Vegas. Poker Casino Table Games Busg There’s something to that, as some of the recent fuel for Penfoxwoods resort casino facebookn stock comes by way of the company reopening venues in some of its most important regional markets, such as Louisiana and Mississippi.

In Las Vegas, the company operates the Tropicana and M Resort, the latter slated to participate in the June 4 reopening of Nevada gaming properties. Tachi Palace Casino Security Qzvb “While the amenities our customers have come to know and love may be somewhat limited for the time being, the ability to safely welcome back our team members and guests remains our top priority,” M Resort general manager Hussain Mahrous said in a statement. oklahoma online casino no deposit bonus The Tropicana isn’t yet featured on lists pertaining to the June 4 Silver State restart date. Encore Boston Harbor says it will stop paying its approximately 850 part-time workers after Sunday, May 31, and is furloughing more than 10 percent of its overall staff. lake tahoe casinos poker Casino Towing Ppzb After months of paying its staff, the closed Encore Boston Harbor is furloughing workers and stopping checks