Online Casino 30 Free Spins forward. The analyst is also encouraged by Penn’s recent reopenings, particularly in the South, saying there are confirmed signs of strong demand despite limited capacity and offerings. paragon r casino mibions PENN’s business is mostly regional drive-to customers that show signs of strong pent-up demand in states like Mississippi and Louisiana, despite capacity restrictions,” said Kelly. lucky 7 free slots Ten of the operator’s 41 casinos are in those two states, and those properties combine for a quarter of the company’s revenue. mountaineer casino bus trips Encouraging Signs“We are hearing of strong initial profitability given limited marketing/amenities (e. g. buffets),” said the BoA analyst. mgm casino washington dc “While early, continued strength could lead to ’21 estimates proving conservative, and we have factored in little from either cross-over/sports into our models. ”Kelly said Penn is the bank’s preferred choice for exposure to iGaming and sports wagering, which are verticals the company is looking to enhance via the Barstool deal.

Penn executives previously said online casinos will be a material contributor to top and bottom line growth starting next year. The analyst forecasts those markets growing to billion or beyond. Golden Nugget Deposit Bonus Yxoc Austria The return of US sports could provide a jolt for Penn because it runs venues in some states where sports wagering is established. Likewise, the company has exposure in Colorado and Illinois – two states that recently approved sports betting, but were unable to take bets because of the coronavirus. Cadoubledown casino mod apklifornia CallOn Tuesday, a California Senate committee approved an amendment that would allow for online sports betting in the largest state by population. mohegan sun bonus “While the amendment still requires 2/3 support in both the Senate and Assembly, and voter approval via a November referendum, we had not expected this progress, given the California tribes’ focus on a referendum for onground-only sports betting,” said Morgan Stanley analyst Thomas Allen in a note to clients today. Sports wagering in the Golden State still has a long way to go, and there are no guarantees the issue will even make it to the November ballot. fanduel online casino virginia But Allen named Penn as one of the beneficiaries of the aforementioned amendment, assuming that proposal is signed into law. Commercial gaming companies such as Penn have no direct exposure to California because the state’s casino market is dominated by tribal operators and card rooms. call winstar casino

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