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Guests also “must practice social distancing by staying six to 10 feet away” from other people. Hard Rock Casino 441 Kqnu Netherlands “Play smart and stay apart,” the casino instructions state. thunder valley casino to hard rock casino “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. David Portnoy’s Barstool Sports is going to be a positive driver for Penn National stock, says one analyst. riverwind casino valet parking (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 . casino free slots games egt That’s around the stock’s 52-week high, a level that hasn’t been touched since late February. doubledown casino vegas slots mgm casino parking garage
Our target price for PENN assumes a target multiple of 9. 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. That’s at least the third price forecast hike by an analyst covering Penn over the past 10 days. On May 20, is coushatta casino pet friendlyJPMorgan lifted its target on the Hollywood operator to from . Earlier this week, Morgan Stanley increased its projection on Penn to from . 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. 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. peppermill casino usa
Penn executives previously said iGaming is going to be a “material” driver of earnings and revenue in 2021 and beyond. Ceo Of Desert Diamond Casino Gtfp 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. bellagio casino owner boomtown casino new orleans casino slot machine winning percentage Curtis, the Instinet analyst, added that his revised estimates on Penn allot zorro casino slots free golden nugget casino bonus code michigan


