palace station casino mapPenn National stock is soaring on the deal to buy part of David Portnoy’s Barstool Sports, but one analyst isn’t crazy about the transaction.Operator Interest Is ThereConvincing residents that a casino-resort is a good idea is one thing.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.online casino real money europe” Said another way, sports betting can be a revenue driver for gaming companies, but not necessarily a significant contributor of increased profits.“Second, PENN’s recent message to investors has been all about deleveraging,” said the Stifel analyst.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.kansas star casino floor plan

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casino near me table gamesThe 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.The surge of more than 12 percent came after the regional gaming company confirmed that it’s paying 3 million in cash and stock to purchase a 36 percent chunk of Barstool Sports.But at least one analyst is urging a more reserved approach.boomtown casino jackpot winnersGiven 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.Eldorado Resorts’ Isle o(Image: The Verge)Rumors of the deal swirled for several weeks before hitting the wires laliante casino cafeate Tuesday night.scarlet pearl casino location

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free casino cash no deposit usaOne of the most widely cited and rosy projections comes from Morgan Stanley, which says the US sports gambling market could be worth billion by 2025, assuming 36 states legalize it by then.Penn National stock is soaring on the deal to buy part of David Portnoy’s Barstool Sports, but one analyst isn’t crazy about the transaction.“Second, PENN’s recent message to investors has been all about deleveraging,” said the Stifel analyst.Operator Interest Is ThereConvincing residents that a casino-resort is a good idea is one thing.Sands is widely viewed as one of the leading contenders to win of the initial three Japanese gaming licenses.Under the terms of the deal, Penn is paying 5 million in cash and million in equity for the 36 percent interest in Barstool.riverwind casino norman ok