Live Casino Review moth with a growing internet casino operation in states where that activity is permitted. lucky 88 online casino real money Now that more states are expected to permit one or both of those pastimes as avenues for bolstering revenue following COVID-19, analysts are ratcheting up estimates. Online Casino Real Money Paypal No Deposit Bonus Ghox Some are saying sports betting alone could swell to billion, with online casinos jumping to . turtle lake casino seafood night 5 billion over the next several years. desert diamond casino pool black lotus casino no deposit bonus codes september 2021 JPMorgan likes “the attractive growth potential of the US sports betting/iGaming industry, a segment that likely will be broken out/separated from land-based casinos sooner rather than later — a potential catalyst for valuation multiple expansion and an opportunity we believe is worth per share, or ~46% of the current share price,” according to the bank. bicycle casino poker tournament schedule 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. seneca niagara casino tickets seminole casino covid 19

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. casino near me seattle JPMorgan has a price target on Caesars, implying roughly 25 percent upside from current levels. But that’s also slightly below the Wall Street average of . Shares of Penn National Gaming (NASDAQ:PENN) are higher by more than seven percent Thursday.

Key Insights and Expert Analysis

The stock raced to a new 52-week high after Goldman Sachs initiated coverage of the gaming company with a “buy” rating. borgata casino hours Barstool Sports and founder David Portnoy, seen here, are big reasons Goldman Sachs is bullish on Penn National Gaming. jamul casino craps table games casino free (Image: St. 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. is sam s town casino open “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. caesar casino in ohio 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. At the time, the deal was mostly praised, though some analysts expressed reservations about the price, citing the operator’s high debt burden. Golden Nugget Laughlin Hotel Casino Laughlin Nv Usa Eloj The casino company can eventually acquire the sports media property outright for 0 million. Video Poker Free Casino Games Jfkn 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.

Penn is also likely to leverage Barstool’s dominant social media presence. paragon casino layout casino near me goa The sports and pop culture blog has 38. 5 million Instagram and 18. hallmark casino free spins no deposit Error Code: 521 Qyea Australia 2 million Twitter followers, respectively, while rivals DraftKings