Morongo Casino Las Vegas  price forecast on the stock to from . Recently, Penn is drawing plenty of bullish commentary from the sell-side community, with much of that ebullience revolving around the operator’s online casinos and sports wagering businesses – segments executives are saying will be material earnings and revenue contributors as soon as 2021. Wieczynski is taking a different view, saying with all the hoopla surrounding iGaming and sports betting, investors may be overlooking the value of Penn’s core competency: land-based casinos. free slot machines offline While we understand the long-term sports betting opportunity is real, we aren’t sure we are willing to subscribe as much value to PENN shares today, given many uncertainties that need to be addressed,” said the analyst. “For us, we believe PENN’s core operations are worth ~/share which means you are getting the sports betting/iGaming long-term opportunity essentially for free at this point.

”He acknowledges he’s not as enthusiastic about sports betting as some investors are, but “in today’s dollars, it’s worth ~/share to PENN. ”Portnoy, Ever the ShowmanPortnoy’s comments in a Monday evening CNBC interview are favorably affecting Penn stock, too. big fish casino maintenance harrah s casino river valley Seven Feathers Casino Gun Show Nhwh The Barstool founder is roiling the Wall Street elite with his day trading antics, bashing revered investors such as Warren Buffett while recently blasting an analyst that issued a “sell” rating on Penn. harrah s casino anderson indiana All that showmanship is keeping fans engaged with Barstool at a tiblack hawk casino colorado hotelsme when US sports offerings remain limited, potentially giving investors reasons to believe Penn’s stake in the sports media and pop culture blog will pay off in a big way. soaring eagle casino and resort In the interview, Portnoy was joined by Penn CEO Jay Snowden and Barstool CEO Erika Nardini, the latter giving Penn shareholders reasons for optimism, too.

Key Insights and Expert Analysis

In Portnoy-esque fashion, Nardini took the fight to DraftKings (NASDAQ:DKNG), saying the roughly billion market capitalization on that company and Penn’s market value of approximately billion should be reversed. bet big dollar casino codes Luckyland Slots Withdrawal Hupc As part of the companies’ agreement, Penn will be launching a mobile betting app under the Barstool brand that will be a direct competitor to the likes of DraftKings and FanDuel. Www Raging Bull Casino Com Bonus Codes No Deposits Under-Appreciated Traditional Casino Business Analysts and investors are fawning over the intersection of the internet and betting, be it sports or online slots and table games. As it pertains to Penn, that means some may be missing good news in the company’s core business. viejas casino shopping center No Deposit Bonus Codes Keep What You Win Aenq “We actually believe investors haven’t subscribed enough value to PENN’s core business and the opportunity the company has in front of them around improving operations/margins over the next couple of years,” said Wieczynski. d heights resort and casino

Following the coronavirus shutdown, Penn is improving margins, and Wieczynski believes that opportunity is even more encouraging than management is letting on. Penn stock more than tripled in the second quarter and is up 861. clubplayercasino 60 percent from its Mablack hawk casino colorado hotelsrch bottom. coushatta casino bus An Illinois state senator claims the process for approving the five regional land-based commercial casinos in the Chicago metropolitan area is “ridiculous. choctaw casino durant slots ” It was nearly a year ago that Rick Nielsen, guitarist of Cheap Trick, celebrated the decision by local officials in Rockford, Illinois, to move forward with Hard Rock’s casino proposal. casino 29 seneca niagara casino open

(Image: Scott Yates/Rockford Register Star)State Sen. Dave Syverson (R-Rockford) recently voiced his frustrations for what he believes is the Illinois Gaming Board (IGB) dragging its feet in authorizing a casino in his district. The longtime Illinois lawmaker says the IGB staff had little to do while the state’s 10 riverboat casinos are closed by COVID-19, and yet the gaming regulator hasn’t found time to approve the casino submission for Rockford. free slot machine 88 fortunes slotocash casino download “With the casinos closed and the video gaming closed, you have 250 [IGB] employees that are sitting around doing nothing,” Syverson told The Center Square. The staff that’s working on the hard rock casino players card