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Big Bucks BetsOn a conference call with analysts and investors last week, Caesars CEO Tom Reeg said a “permanent solution” for the company’s iGaming and sports wagering businesses could be revealed by the end of this year. casino poker 18 Last year, Reeg mentioned the units could be spun off to generate value for investors because the old Caesars equity didn’t adequately reflect the growth opportunity offered by those businesses. He was careful to note the company won’t react in knee-jerk fashion simply because markets are assigning lofty multiples to online gaming firms. The CEO said internet casinos and sports wagering could generate 0 million to 0 million in revenue for the company in 2021, with New Jersey iGaming alosilver oak casino mobile downloadne contributing 5 million. JPMorgan has a price target on Caesars, implying roughly 25 percent upside from current levels. online gambling yearly profit

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But that’s also slightly below the Wall Street average of . owner of twin river casino Shares of Penn National Gaming (NASDAQ:PENN) are higher by more than seven percent Thursday. raging bull casino aus my choice casino sign in The stock raced to a new 52-week high after Goldman Sachs initiated coverage of the gaming company with a “buy” rating. Barstool Sports and founder David Portnoy, seen here, are big reasons Goldman Sachs is bullish on Penn National Gaming. Is Morongo Casino Buffet Open Nudz (Image: St. Nearest Casino From Where I M At Aefj Switzerland

Louis Magazine)The bank points to multiple layers of a bullish thesis on the operator, including rebounding regional casinos and the company’s positioning in the online gaming and sports wagering industries. PENN sits at the cross-section of a rapidly rebounding regional casino space and inflecting growth in sports betting,” said Goldman in a note to clients today. “Moreover, we believe Barstool Sports’ embedded customer base and content creation engine will drive one of the lowest customer acquisition costs in the sports betting industry, allowing PENN to quickly take share within our proprietary iGaming and Sports Betting models,” he continued. With help from the Goldman call, Penn stock is higher by almost 71 percent over the past month, and is up a jaw-dropping 1,326 percent off its March lows. silver oak casino no deposit codes may 2021 Lauding RelationshipIn January, Penn paid 3 million in cash and equity to take a 36 percent stake in David Portnoy’s Barsilver oak casino mobile downloadstool Sports. gold coast casino website seneca niagara casino check in time

At the time, the deal was mostly praised, though some analysts expressed reservations about the price, citing the operator’s high debt burden. The casino company can eventually acquire the sports media property outright for 0 million. casino quest roulette Wall Street is increasingly enthusiastic about that relationship, because it gives Penn access to millions of new potential customers in younger demographics that are rapidly embracing internet casinos and sports betting. “We believe Barstool Sports’ embedded customer base and content creation engine will drive one of the lowest customer acquisition costs in the sports betting industry, allowing PENN to quickly take share within our proprietary iGaming and Sports Betting models,” said Goldman analyst Stephen Grambling. harrah s cherokee casino best slots online casino ky Penn is also likely to leverage Barstool’s dominant social media presence.

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