2025.11.01
ruby slots casinoGiven 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.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.30, 2019.wild casino free chip 2021” 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.But at least one analyst is urging a more reserved approach.bellagio casino kapchagay admiral casino trurofree slot machines where you can win real moneyBut Yokohama civic leaders won’t have any trouble wooing the biggest names in the business.At least seven operators are expected to pursue a Japanese gaming license, with plans to build a venue in that city.Among the marquee operators focusing their Japan efforts on Yokohama are Las Vegas Sands, Melco Resorts and Entertainment, and Wynn Resorts.free slot games.comSands is widely viewed as one of the leading contenders to win of the initial three Japanese gaming licenses.Still, there are parts of the marblack hawk casino coriage that give Wieczynski pause.Too Much EnthusiasmOne of the centerpieces of the deal is obvious: Barstool has an estimated 66 million avid readers and users, many of whom are millennials and Generation Z, demographics that traditional gaming companies like Penn are looking to better connect with.high 5 free casino slots american poker 90 s casinowinstar world casino net worth“Although management reiterated its desire to get lease-adjusted net leverage to 5.Still, there are parts of the marblack hawk casino coriage that give Wieczynski pause.“At the end of the day, we are not suggesting investors should simply close the book on the Barstool transaction.But at least one analyst is urging a more reserved approach.Putting billion into context, it’s not much revenue to be spread across an entire industry.Rather, we believe the company will have to do a good job of selling investors on the deal’s financial merits and provide a well-defined presentation to the incremental earnings before interest, taxes, depreciation and amortization (EBITDA) opportunity, prior to investors getting on board with this significant capital outlay,” said the analyst.mgm casino concerts soaring eagle casino map |