2025.10.09
miami club casino sign upGood news continues piling up for Penn National Gaming (NASDAQ:PENN) investors, as Standard & Poor’s (S&P) removed the casino operator’s debt from the “CreditWatch Negative” group.S&P took a dubious label off the operator’s credit grade today.49 percent.cool cat casino 100 no deposit bonusS&P took a dubious label off the operator’s credit grade today.“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.From the nadir in the third month of the year, Penn stock is up a staggering 1,719.chukchansi casino jackpot winners harrah s cherokee casino upcoming eventsviejas casino weddingBut there are issues, there, too.Namely, Sin City is now highly dependent on leisure travel from neighboring California.S&P took a dubious label off the operator’s credit grade today.gold coast casino red zoneOur estimate that Penn’s EBITDA will increase over the next several quartis hard rock casino tulsa pet friendlyers assumes a modest improvement in its EBITDA margin relative to 2019 due to the cost cuts management implemented over the past few months, particularly related to its labor and marketing expense,” said S&P in a note out Tuesday.”An Interesting OmissionThese days, most conversations about Penn stock revolve around one or all of the following factors: iGaming, sports betting and the company’s 36 percent stake in Barstool Sports.Only recently have there been most signs of a pickup in visits.casino 66 mohegan sun casino box officewild casino withdrawalThe slots area at Penn National’s Hollywood Casino in Columbus, Ohio.S&P and rival credit firms punished Penn’s rating in March, just as the stock was starting to rebound from its coronavirus lows.Regional Promise, Improving MarginsLike so many research firms, S&P is enthusiastic about Penn’s status as a regional gaming company with reduced exposure to the Las Vegas Strip.That’s a negative at a time when the Golden State economy is still reeling from the effects of the pandemic.”An Interesting OmissionThese days, most conversations about Penn stock revolve around one or all of the following factors: iGaming, sports betting and the company’s 36 percent stake in Barstool Sports.The research firm adds that although Penn’s revenue could be crimped because it’s operating below capacity in many markets, that’s not a warning sign, because “We believe the historical peak utilization rates in many markets were below theseis hard rock casino tulsa pet friendly limits.wild casino free chip four winds casino dreb code |