Table Poker Casino Berck rators face a zero-revenue situation because of temporary closures forced by the coronavirus outbreak. draftkings casino california Like other operators, Penn, which runs 41 casinos in 19 states, is unable to offer any visibility as to when its venues will reopen. Riverwind Casino Exit Cpho The company also pulled its 2020 financial guidance as a result. Seneca Niagara Casino New York Bivc It’s expected that the operator will provide analysts and investors with an update on May 7. Wieczynski believes the “market has currently priced in an extreme downside scenario” with Penn stock. Indeed, the name is recently volatile, slumping from the 52-week high of .

18 to a low of . 75 in a matter of weeks. After hitting that 52-week low, the stock proceeded to more than triple, eclipsing a handle, but has since given back about 27 percent of those gains. little river casino concerts 2021 intertops casino red Live Casino Valet Parking Jdin Favorable Risk/RewardWith the new liquidity lifeline via the Tropicana transaction and an attractive valuation, among other factors, Penn offers investors a compelling risk/reward setup, according to Wieczynski. online slots real money mobile “We continue to believe a relatively healthy US consumer; a maniacal margin focus; upside from a recently implemented universal player loyalty program; a commitment to reducing lease-adjusted leverage to 5. 0x; and an approachable valuation all position PENN to deliver superior shareholder returns over the intermediate to longer term,” he said.

Key Insights and Expert Analysis

“With all of that said, we encourage investors to remain buyers of the shares, as we believe current levels present a compelling long-term riskhard rock casino in florida/reward setup, all else being equal. morongo casino phone number ”The analyst has a “buy” rating and a price target on the stock, meaning it needs to more than triple from current levels to reach that forecast. admiral casino igre Eldorado Resorts Inc. mgm grand casino buffet How To Win At Cache Creek Casino Hawc Germany ’s (NASDAQ:ERI) . casino kc downstream casino fireworks 2020 3 billion pursuit of Caesars Entertainment (NASDAQ:CZR) is hitting major regulatory headwinds, but not because states are opposed to the deal. Because of the coronavirus, regulators in New Jersey and other states are postponing meetings to discuss the Eldorado/Caesars deal and that’s bad news for both companies. ruby slots codes

(Image: CNBC)Rather, gaming authorities in some states – including the big kahunas Nevada and New Jersey – are postponing regularly scheduled meetings because of the coronavirus outbreak. bellagio casino bars The Nevada Gaming Control Board (NGCB) and the New Jersey Division of Gaming Enforcement (NJDGE) were slated to evaluate the transaction, which would create the largest domestic gaming company, over the next several weeks. With much of the US essentially shut down because of COVID-19, agencies are pushing back time frames for considering ERI’s takeover of Caesars. There are much more important things happening in our country and industry,” said NGCB Chairman Tony Alamo in an interview with the New York Post. NGCB’s web site indicates the agency held a meeting on March 19 and another consultation is scheduled for April 8. sam s town casino shreveport promotions In the Garden State, it was expected the deal was going to be considered in mid-April.

But now it appears ahard rock casino in floridas though the earliest the NJDGE will make a recommendation is early May. After that agency’s decision, the transaction would move onto the Casino Control Commission (CCC), which isn’t slated to get together again until May 13. Time Isn’t on ERI’s SideWhen Reno-based Eldorado unveiled the . 3 billion offer for Caesars last June, it was expected that the companies would need 18 states to sign-off on the deal. black lotus casino bonus codes april 2021 Thus far, more than a third have signed off, including Illinois, Iowa, Louisiana, Maryland and Pennsylvania, among others. is viejas casino smoke free However, ERI desperately needs the process to be expedited because, as was reported earlier this week, with the deal not being finalized after a nine-month deadline, the acquirer is doling out a daily “ticking fee” of . play.luckyland slots

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