www.black bear casinoThat’s speeding a rally that’s seen the stock more than double since mid-July.After a run like that, it’d be easy to assume upside from here is limited.At this point, we believe investors have attributed - of equity value per share to PENN’s Barstool acquisition and the long-term opportunity it could present.clearwater casino concerts 2020“In our view, the simple answer is yes.Simon will oversee all aspects of the five-block entertainment district in historic downtown Las Vegas.“While some would argue PENN shares could be overvalued, we believe they can continue to work, especially into November, as we expect a number of states to pass gaming legislation that should keep the sports betting/iGaming momentum rolling.south lake tahoe casinos closed

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harrah s cherokee casino weddingg the coronavirus shutdown and states shattering previous handle records, Penn’s 36 percent ownership of David Portnoy’s Barstool Sports looks all the more compelling to investors.After making a handful of positive changes to our assumptions, we are raising our target price to ,” said Wieczynski.The Nevada Gaming Commission is expected to sign off on Derek Stevens’ new property on September 24.does san manuel casino have online gamblingTrade to Continue MomentumAt this juncture, as Wieczynski notes, Penn is what’s known as a momentum trade.The simple definition of momentum investing is buying securities that already appreciated significantly, often over short time frames, with expectations that momentum will continue propelling those names higher.Land Based Casinos Still KeyWith Portnoy as the new face of Penn and all the hype surrounding sports wagering, many investors may be overlooking the operator’s core competency: Running land-based casinos.la roulette casino technique

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online casino stocks”His call, which comes with a “buy” rating, implies an upside of about 27 percent from the Sept.The company’s board is made up of representatives from the district’s casino resorts, including Binion’s, California, The D, Four Queens, Fremont, Golden Gate, Golden Nugget, Main Street Station — and soon, Circa.”The Stifel analyst points out that online casinos and sports wagering are in their infancies, and that it will be years, perhaps even a decade, before investors figure out what estimates on those opportunities were proven right or wrong.There’s no denying Penn has ample momentum, most of which is sourced via ongoing market ebullience for sports betting.The simple definition of momentum investing is buying securities that already appreciated significantly, often over short time frames, with expectations that momentum will continue propelling those names higher.That’s speeding a rally that’s seen the stock more than double since mid-July.island view casino map