j hallmarkSales 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 mohard rock casino event centerve.But at least one analyst is urging a more reserved approach.” Said another way, sports betting can be a revenue driver for gaming companies, but not necessarily a significant contributor of increased profits.online slots real money no deposit texasEldorado Resorts’ Isle oOperator Interest Is ThereConvincing residents that a casino-resort is a good idea is one thing.With Penn stock cruising toward its best intraday performance in years and on volume that’s already more than five times the daily average, it’s clear investors are enthusiastic about the Barstool deal.luckyland slots cheats

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poker games at casinoOne 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.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.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.online slots real money south africa”There’s something to the notion that the overall sports wagering opportunity may be subject to too much ebullience.” Said another way, sports betting can be a revenue driver for gaming companies, but not necessarily a significant contributor of increased profits.Operator Interest Is ThereConvincing residents that a casino-resort is a good idea is one thing.mgm grand casino hours

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1 harrahs courtPenn National issued a statement this morning saying that it has struck a deal with David Portnoy’s media property.But Yokohama civic leaders won’t have any trouble wooing the biggest names in the business.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.” Said another way, sports betting can be a revenue driver for gaming companies, but not necessarily a significant contributor of increased profits.Under the terms of the deal, Penn is paying 5 million in cash and million in equity for the 36 percent interest in Barstool.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.winstar world casino app