twin river casino new years evePenn National stock is soaring on the deal to buy part of David Portnoy’s Barstool Sports, but one analyst isn’t crazy about the transaction.The surge of more than 12 percent came after the regional gaming company confirmed that it’s paying 3 million in cash and stock to purchase a 36 percent chunk of Barstool Sports.org.cool cat bonus codesBut at least one analyst is urging a more reserved approach.One of the most widely cited and rosy projections comes from Morgan Stanley, which says the US sports gambling market could be worth billion by 2025, assuming 36 states legalize it by then.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.slot machine casino gif

online slots real money reviews

is downstream casino openUnder the terms of the deal, Penn is paying 5 million in cash and million in equity for the 36 percent interest in Barstool.But Yokohama civic leaders won’t have any trouble wooing the biggest names in the business.Penn National issued a statement this morning saying that it has struck a deal with David Portnoy’s media property.free spins cool cat casino”There’s something to the notion that the overall sports wagering opportunity may be subject to too much ebullience.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.In his speech at the expo, Hirahara did not mention specific companies, though he did say operators have brought forth some compelling proposals.lucky creek casino no deposit bonus code

luckyland slots bonus code

lucky tiger casino bonus codes july 2021Given 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.“At the end of the day, we are not suggesting investors should simply close the book on the Barstool transaction.Given 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.Penn National issued a statement this morning saying that it has struck a deal with David Portnoy’s media property.Too 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.Penn National stock is soaring on the deal to buy part of David Portnoy’s Barstool Sports, but one analyst isn’t crazy about the transaction.casino slot machine games youtube