W Casino Games s is 149 percent, ranking it fifth on Barron’s list. Two of the names ahead of Penn — Tesla (NASDAQ:TSLA) and ViacomCBS (NASDAQ:VIAC) — fit the bill as controversial stocks. House Divided over Penn StockOff its March 2020 coronavirus pandemic lows through March 2021, Penn National wasn’t just one of the best-performing gaming equities. luckyland slots jackpots quartz casino no deposit bonus It was one of the stars among domestic stocks, running from just under to a high of 2. x games online casino While the stock is still mostly liked by analysts, it’s off 46. 32 percent from its 52-week. Compounding that weakness is the fact that Penn is lower 5. 56 percent over the past week, and hasn’t traded above its 50-day moving average in nearly three months.

In other words, it’s not surprising analysts are divided on the name, and that they are. “The 14 analysts offering 12-month price forecasts for Penn National Gaming Inc have a median target of 4. casinohack.xyz big fish casino 00, with a high estimate of 1. download borgata casino Mgm Grand Casino Floor Map Zyas 00 and a low estimate of . Lake Tahoe Casino Ski Resort Rqon 00,” according to CNN Businesses. From current levels, Penn stock would need to almost double to hit 1, and gain 50 percent to reach the median forecast of 4. Luckyland Slots No Deposit Bonus 2021 Injt Austria Daring Analysts Get VindicationDuring its meteoric rise, there was a point at which Penn stock had a larger market capitalization than rival MGM Resorts International (NYSE:MGM). And during that ascent, analysts received public lambasting if they waxed bearish on the name.

Key Insights and Expert Analysis

That happened last June when Barstool Sports founder David Portnoy issued afantasy springs casino facebook viral, expletive-laden rant bashing Deutsche Bank analyst Carlo Santarelli for issuing a “sell” rating on Penn. wild casino free play The gaming company owns 36 percent of Barstool. Last October, Santarelli lifted his price target on Penn to from . Massachusetts casinos posted a new all-time record revenue month in May. free online slots south africa The three casinos collectively won nearly million from gamblers. An employee at Encore Boston Harbor sanitizes an escalator handrail. choctaw casino logo Massachusetts casinos reported record gaming revenue in May 2021. (Image: Boston Business Journal)Prior to May 2021, the state casinos’ best mark came just prior to the pandemic. red stag casino.com

February 2020 gross gaming revenue (GGR) came in at . Draftkings Casino Queen Hotel Oget 8 million. Despite operating under ongoing pandemic-related restrictions, including mandatory face mask-wearing, plexiglass barriers at table games, and social distancing being observed, the casinos took more money from gamblers than ever before. 007 slots casino no deposit bonus Wynn Resorts’ Encore Boston Harbor in Everett led the way with . casino slot winners 2019 9 million. online blackjack dealer salary MGM Resorts’ MGM Springfield was a distant second at . 3 million, and Plainridge Park, the slots-only facility operated by Penn National Gaming, placed third at . 5 million.

The state receives 25 percent of the GGR generated at Encore and MGM, and 49 percent of Plainridge’s slot receipts. Last month, those taxes equated to more than . 6 million. Massachusetts legalized commercial gaming in November of 2011, when then-Gov. Deval Patrick (D) signed fantasy springs casino facebookthe Expanded Gaming Act. fanduel casino bonus codes Plainridge Park was the first casino to open in the state four years later in June of 2015. COVID-19 Restrictions LiftedMassachusetts’ three casinos hope to continue the GGR momentum with another strong performance in June. They’ve already been dealt a better hand for this month.

The Massachusetts Gaming Commission (MGC) lifted all COVID-19 operating restrictions on the casinos effective 12:01 am ET on Saturday, May 29. cliff castle casino buffet firekeepers casino 400 predictions 2021 Guests and employees who are fully vaccinated are no longer required to wear masks, and patrons can also eat and drink freely while walking the casino floors. bellagio casino zagreb Slot machines no longer must be arranged to practice social distancing, plexiglass barriers at table games have been removed, and the properties are not constrained to reduced capacity limits. MGM and Encore said their human resources departments are able to track which employees have been vaccinated.