Doubledown Casino Instagram on. thunder valley casino ca Table games will not be offered. online slots real money florida free slots where you can win money Draftkings At Casino Queen Reviews Gssz Austria Food service will offer limited seating, and drinks will be served in disposable cups. Guests also “must practice social distancing by staying six to 10 feet away” from other people. “Play smart and stay apart,” the casino instructions state. seminole casino fire La Pechanga Casino Esfn “While admittedly these first steps will be small and slow, we hope to be with you every step along the way,” Crisafulli stated. On a mostly lethargic day for gaming equities, shares of Penn National Gaming (NASDAQ:PENN) are standing out, thanks to a sell-side analyst boosting his price target on the stock in dramatic fashion, citing catalysts including Barstool Sports and online casinos. bellagio casino bulgaria captain jack casino redeem coupon David Portnoy’s Barstool Sports is going to be a positive driver for Penn National stock, says one analyst.

(Image: Variety)In a note to clients released earlier today, Nomura Instinet analyst Harry Curtis reiterated a “buy” rating on Penn National, while boosting his price target on the Ameristar operator to . borgata casino support That’s around the stock’s 52-week high, a level that hasn’t been touched since late February. Our target price for PENN assumes a target multiple of 9. Online Gambling Market Fwyf 6x our 2022 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) estimate, a slight premium to the stock’s historical average forward multiple given growth optionality from i-casino/sports betting through Barstool,” said Curtis. That’s at least the third price forpechanga casino boxingecast hike by an analyst covering Penn over the past 10 days. On May 20, JPMorgan lifted its target on the Hollywood operator to from . resorts world casino covid 19 roulette casino define Earlier this week, Morgan Stanley increased its projection on Penn to from . Impressive ResurgenceThis month, Penn stock nearly doubled, and its more than eight-fold surge off its March lows is one of the most impressive rebounds among all domestic gaming equities.

Key Insights and Expert Analysis

Much of Wall Street’s and investors’ enthusiasm for the name is attributable to the integration of Barstool Sports, in which the operator acquired a 36 percent stake in January, and the company’s positioning in the booming iGaming market. jackson rancheria casino news Free Slot Machines No Registration No Download Zbql Penn executives previously said iGaming is going to be a “material” driver of earnings and revenue in 2021 and beyond. free slots in canada harrah s casino games Analysts and investors like the asset-light, high margin model that accompanies online casinos, and are valuing companies with exposure to this niche on par with technology firms, not traditional gaming entities. Curtis, the Instinet analyst, added that his revised estimates on Penn allot for what he calls a “normal” recession and upside to be derived from Barstool. gold coast hotel casino 4000 w flamingo rd His price target far exceeds the sell-side average of . the hotel black oak casino 31. Regional RecoveryAnalysts are bullish on regional operators, including Penn, based on the premise that smaller gaming markets will bounce back from the coronavirus pandemic more rapidly than Las Vegas. There’s something to that, as some of the recent fuel for Penpechanga casino boxingn stock comes by way of the company reopening venues in some of its most important regional markets, such as Louisiana and Mississippi.

In Las Vegas, the company operates the Tropicana and M Resort, the latter slated to participate in the June 4 reopening of Nevada gaming properties. “While the amenities our customers have come to know and love may be somewhat limited for the time being, the ability to safely welcome back our team members and guests remains our top priority,” M Resort general manager Hussain Mahrous said in a statement. table games at casino woodbine The Tropicana isn’t yet featured on lists pertaining to the June 4 Silver State restart date. Encore Boston Harbor says it will stop paying its approximately 850 part-time workers after Sunday, May 31, and is furloughing more than 10 percent of its overall staff. foxwoods online betting After months of paying its staff, the closed Encore Boston Harbor is furloughing workers and stopping checks to part-time