Twin River Casino Online moth with a growing internet casino operation in states where that activity is permitted. Harrah S Vs Hard Rock Lake Tahoe Trlt Now that more states are expected to permit one or both of those pastimes as avenues for bolstering revenue following COVID-19, analysts are ratcheting up estimates. Some are saying sports betting alone could swell to billion, with online casinos jumping to . big fish casino free slots 5 billion over the next several years. clearwater casino steakhouse JPMorgan likes “the attractive growth potential of the US sports betting/iGaming industry, a segment that likely will be broken out/separated from land-based casinos sooner rather than later — a potential catalyst for valuation multiple expansion and an opportunity we believe is worth per share, or ~46% of the current share price,” according to the bank. hollywood casino kansas city mask policy Big Bucks BetsOn a conference call with analysts and investors last week, Caesars CEO Tom Reeg said a “permanent solution” for the company’s iGaming and sports wagering businesses could be revealed by the end of this year. Table Mountain Casino Poker Imlx Last year, Reeg mentioned the units could be spun off to generate value for investors because the old Caesars equity didn’t adequately reflect the growth opportunity offered by those businesses. Is Winstar World Casino Open In Oklahoma Jbbs Denmark

He was careful to note the company won’t react in knee-jerk fashion simply because markets are assigning lofty multiples to online gaming firms. cool cat casino bonus codes 2021 australia The CEO said internet casinos and sports wagering could generate 0 million to 0 million in revenue for the company in 2021, with New Jersey iGaming alorunning aces directionsne contributing 5 million. the island resort and casino slot machine at casino JPMorgan has a price target on Caesars, implying roughly 25 percent upside from current levels. But that’s also slightly below the Wall Street average of . Shares of Penn National Gaming (NASDAQ:PENN) are higher by more than seven percent Thursday. liberty slots welcome bonus The stock raced to a new 52-week high after Goldman Sachs initiated coverage of the gaming company with a “buy” rating. Barstool Sports and founder David Portnoy, seen here, are big reasons Goldman Sachs is bullish on Penn National Gaming. choctaw casino durant ok

Key Insights and Expert Analysis

(Image: St. is bovada casino fair Louis Magazine)The bank points to multiple layers of a bullish thesis on the operator, including rebounding regional casinos and the company’s positioning in the online gaming and sports wagering industries. Is Fanduel Casino Down Sawn PENN sits at the cross-section of a rapidly rebounding regional casino space and inflecting growth in sports betting,” said Goldman in a note to clients today. chumba casino illinois “Moreover, we believe Barstool Sports’ embedded customer base and content creation engine will drive one of the lowest customer acquisition costs in the sports betting industry, allowing PENN to quickly take share within our proprietary iGaming and Sports Betting models,” he continued. casino 21st birthday With help from the Goldman call, Penn stock is higher by almost 71 percent over the past month, and is up a jaw-dropping 1,326 percent off its March lows. Lauding RelationshipIn January, Penn paid 3 million in cash and equity to take a 36 percent stake in David Portnoy’s Barrunning aces directionsstool Sports. At the time, the deal was mostly praised, though some analysts expressed reservations about the price, citing the operator’s high debt burden.

The casino company can eventually acquire the sports media property outright for 0 million. lucky dragon. net usa i win Wall Street is increasingly enthusiastic about that relationship, because it gives Penn access to millions of new potential customers in younger demographics that are rapidly embracing internet casinos and sports betting. “We believe Barstool Sports’ embedded customer base and content creation engine will drive one of the lowest customer acquisition costs in the sports betting industry, allowing PENN to quickly take share within our proprietary iGaming and Sports Betting models,” said Goldman analyst Stephen Grambling. Penn is also likely to leverage Barstool’s dominant social media presence. cashman casino posts live casino poker tournaments The sports and pop culture blog has 38. riverwind casino coupons 5 million Instagram and 18. golden palace casino mechelen 2 million Twitter followers, respectively, while rivals DraftKings and FanDuel have just