luckyland slots sweepstakesRecently, the stock became beloved by Wall Street, with analysts fawning for the company’s sports betting and internet casino prospects.But that will change this week.Penn National Gaming’s (NASDAQ:PENN) scintillating redemption story hit a stumbling block Monday, as an analyst tagged the gaming stock with a “sell” rating and a price forecast that implies significant downside from current levels.casino near me nowHowever, the majority of the case“In our view, the biggest risk to our call is the near term and a rising equity market, which is embracing story/concept stocks,” he said.gov)All 12 land-based casinos in Pennsylvania have been shuttered since March 16, as Wolf ordered all nonessential businesses to close.pechanga casino near me

downstream casino veterans day

borgata online casino helpTen of his 13 peers rate Penn the equivalent of “buy” or “strong buy.ach casino’s net win, plus annual operating payments.(Image: PA.caesar windsor casino hoursSantarelli says Penn’s iGaming and sports betting business are worth .Even with a loss of almost four percent at this writing Monday, shares of Penn more than doubled over the past month and are up more than nine-fold from the March lows.Keystone State gamblers have been limited to online casinos since.blackjack casino in kolkata

mychoice casino in las vegas

sam s town casino bingom.Admittedly a Contrarian CallWhile noting Penn stock is “stretched” on valuation and that near-term risk/reward prospects for the name are “skewed unfavorably,” Santarelli acknowledges the “sell” rating runs counter to current consensus on the gaming name.But in the Keystone State, operators pay a 36 percent levy on sports wagering activities.The company will have a more challenging time, relative to peers, improving margins, given its prior margin disciplines and higher than peer blended gaming taxes, which have forced Penn, over time, to be leaner than most,” said the Deutsche Bank analyst.That ranks the Keystone State as the sixth-most-infected coronavirus state.Penn operates 41 casinos in 19 states, including some where gaming taxes are considered high, including Illinois and Pennsylvania.island view casino win lob statement