soaring eagle casino winners 2020Penn 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.But at least one analyst is urging a more reserved approach.”There’s something to the notion that the overall sports wagering opportunity may be subject to too much ebullience.hard rock casino tulsa”There’s something to the notion that the overall sports wagering opportunity may be subject to too much ebullience.At least seven operators are expected to pursue a Japanese gaming license, with plans to build a venue in that city.“Second, PENN’s recent message to investors has been all about deleveraging,” said the Stifel analyst.table de poker casino lille

harrah s casino oklahoma

raging bull casino mobile“Second, PENN’s recent message to investors has been all about deleveraging,” said the Stifel analyst.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.“At the end of the day, we are not suggesting investors should simply close the book on the Barstool transaction.hollywood casino in aurora(Image: The Verge)Rumors of the deal swirled for several weeks before hitting the wires laliante casino cafeate Tuesday night.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.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 moaliante casino cafeve.7 feathers casino open

seven feathers casino hotel

cliff castle casino sports betting“Second, PENN’s recent message to investors has been all about deleveraging,” said the Stifel analyst.0x by CYE20, we believe today’s deal, in some ways, runs counter to the deleveraging message.Still, there are parts of the maraliante casino caferiage that give Wieczynski pause.org.Rather, 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.Still, there are parts of the maraliante casino caferiage that give Wieczynski pause.hard rock casino wiki