2025.11.07
drake casino tournamentToo 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.But Yokohama civic leaders won’t have any trouble wooing the biggest names in the business.(Image: The Verge)Rumors of the deal swirled for several weeks before hitting the wires lblack hawk casino coate Tuesday night.jamul casino bus scheduleIn his speech at the expo, Hirahara did not mention specific companies, though he did say operators have brought forth some compelling proposals.With Penn stock cruising toward its best intraday performance in years and on volume that’s already more than five times the daily average, it’s clear investors are enthusiastic about the Barstool deal.evolves around day trips, not more lucrative overnight stays.harrah s cherokee casino map sam s town casino closingbellagio casino bulgariaPenn National issued a statement this morning saying that it has struck a deal with David Portnoy’s media property.Penn also becomes Barstool’s official gaming partner for 40 years as part of the agreement, which is expected to close in the current quarter.The analyst notes that while there’s “a lot of buzz” surrounding online betting and sports wagering in the US, the market remains highly fragmented, with “challenged unit economics.free slots monopolyGiven 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.Shares of Penn National Gaming (NASDAQ:PENN) rallied to a 52-week high Wednesday.Penn National issued a statement this morning saying that it has struck a deal with David Portnoy’s media property.black hawk casino isle soaring eagle casino mount pleasantg casino pokerRather, 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.Penn National issued a statement this morning saying that it has struck a deal with David Portnoy’s media property.On the company’s fourth-quarter earnings conference call Wednesday, LVS Chairman and CEO Sheldon Adelson didn’t overtly mention Yokohama, but he confirmed the company continues to pursue new markets, including Japan.Sales Job RequiredIn reiterating a “buy” rating and price target on Penn National, one that now implies only modest upside after Wednesday’s surge, Wieczynski says management needs to do an effective job of convincing investors that the Barstool buy is the right moblack hawk casino cove.But at least one analyst is urging a more reserved approach.org.fanduel casino va cache creek casino winners 2019 |