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… You can really, severely, put a tarnish on Las Vegas. ”Las Vegas is in “uncharted waters,” he added. Shares of Penn National Gaming (NASDAQ:PENN) are bouncing back Friday. best online casino no deposit bonus usa The rebound comes a day after the stock was drubbed following a disappointing third-quarter earnings report and controversy swirling around Barstool Sports founder David Portnoy’s private life. Barstool Sports founder David Portnoy, shown here. Details on his sex life fanduel casino customer supportpunished Penn stock on Thursday. no deposit online casino bonuses Free Casino Slots Pompeii Zymw Analysts are defending the stock today. pechanga casino san diego ca (Image: The Verge)Penn stock plunged more than 20 percent Thursday, a decline hastened by an Insider expose detailing raunchy sex acts between Portnoy and several women. turtle creek casino poker For now, no alleged crimes are being reported, and it appears the encounters were consensual.

Key Insights and Expert Analysis

In midday trading, Penn shares are higher by eight percent on volume that’s more than double the daily average. That a day after the stock slumped to a 52-week low. wynn las vegas casino promotions In reports out today, sell-side analysts are using terms such as “dislocation” and “distraction” to describe the impact of the Portnoy situation on Penn stock. mgm grand casino rules To be clear, no analyst is making light of the allegations brought by the women. The sharp selloff from @stoolpresidente (Portnoy’s Twitter handle) article reflects a huge dislocation from actual biz fundamentals,” Prescience Point wrote in a tweet. The research firm says Penn’s core gaming business is worth a share — well above the area at which it currently resides — and says Barstool Sports is a free option on the stock. In January 2020, the regional casino operator paid 3 million in cash and stock to purchase a 36 percent stake in Portnoy’s media company. Penn has rights to eventually own Barstool outright at a valuation of 0 million. At Least One Cautious Take on Penn StockSince Penn and Barstool joined forces, Portnoy has been widely viewed as the face of the gaming companyfanduel casino customer support, although he holds no official executive title.

Given his brash, outspoken personality — one that runs counter to a climate where cancel culture and criticism of toxic masculinity are prevalent — Portnoy can be viewed as inviting controversy. While this has clearly been a Penn risk since acquisition, the article (alleging inappropriate behavior) appears to potentially have more ramifications which could raise around the brand support and the valuation,” said Macquarie analyst Chad Beynon in a note to clients today. poker hand casino royale He rates Penn “neutral,” with an price target. san manuel casino online casino This isn’t the first time Penn shares suffered at the hands of Portnoy’s private life. seneca niagara casino images free slots keno cleopatra In April, the stock briefly tumbled following the emergence of a sex tape featuring Portnoy. He claimed it’s the third of him floating around club player casino 100 no deposit bonus codes 2019