Foxwoods Resort Casino Stores heir home games. Jamul Casino Sd Com Qonw These days, the broad consensus in the analyst community on Penn National Gaming (NASDAQ:PENN) stock is that the name is a “buy. ” It’s rare that opinions on the casino firm deviate wildly on the same day. online casino games that pay cash Traders have a lot to ponder with Penn National, as one analyst rips the name while another says it’s going to 0. sunset station casino cafe (Image: Associated Press)However, that’s happening today, as Deutsche Bank’s Carlo Santarelli reiterates a “sell” rating on the gaming company, though he did raise his price target on the stock to from . foxwoods resort casino directions That’s a far cry from the bullishness extolled by Union Gaming’s John DeCree, who placed a 0 estimate on the name. DeCree’s Wall Street-high forecast emerges just a day after a counterpart lifted his Penn projection to . Soaring Eagle Casino Dreb Code Ssuo Australia Santarelli didn’t hold back in a scathing commentary on Penn stock. We think PENN has largely benefited from the retail community turning the ticker into an internet meme of sorts, thereby creating momentum in the stock that has attracted institutional investors from verticals outside of the traditional gaming arena,” said the Deutsche Bank analyst.

Santarelli’s call is undoubtedly bold. His price forecast is less than half the Street consensus of almost . There’s also some history here. In June, the analyst issued a “sell” rating on Penn, drawing a stinging online rebuke from Barstool Sports founder David Portnoy. casino near me knoxville tn In a viral, expletive-laden rant, Portnoy baswhen will santa ana casino openhed Santarelli and, on multiple occasions intentionally mispronounced the analyst’s surname. turtle lake casino shows Penn owns 36 percent of Barstool, a relationship that’s mostly lauded on Wall Street. Fundamentals LackingWhile Santarelli’s bear rating on Penn could be construed as a case of bad blood, the reality is the analyst isn’t fawning over the prospects of the US iGaming and sports wagering markets. Rather, he sees limited opportunities on those fronts. As investors realize online casinos and sports betting will have difficulty living up to lofty expectations, Penn stock could be vulnerable to “a considerable contraction,” said the analyst. golden nugget casino mibibippi

Key Insights and Expert Analysis

Enthusiasm for those segments is a primary reason why investors bid the name higher by almost 1,900 percent from its March lows. “Couple this with a big picture ‘TAM’ story that ‘can’t be disproved’, sprinkle in some slides about Twitter followers and Instagram impressions, and you create a narrative that largely abandons fundamental rationale,” said Santarelli. twin river casino rv parking The analyst adds investors are likely to be left disappointed upon discovering the amount of sports betting market share that’s readily obtainable for operators. Free Online Video Slots Haof Bull CallObviously, Union Gaming’s DeCree has a different view on Penn. His 0 price target is nearly 50 percent above consensus and implies upside of almost 33 percent from where the stock currently trades. hallmark casino sign up bonus show free casino slot games In fact, his outlook runs in the opposite direction of Santarelli’s. Lobstermania 2 Slots Free Online Ojif “We contend PENwhen will santa ana casino openN is one of the best plays for both the COVID reopening trade and long-term total addressable market (TAM) in US iCasino and sports betting,” said DeCree. gambling online casino real money The Union Gaming analyst values Penn at a lower multiple than DraftKings (NASDAQ:DKNG). fanduel casino support owing to the latter’s head start in online sports betting.

But he says that gap should tighten as Penn “continues to ramp up and execute. sounds of a casino slot machine island view casino damage ” Twin River Worldwide Holdings (NYSE:TRWH) is purchasing Jumer’s Casino & Hotel in Rock Island, Ill. for 0 million in cash, marking the company’s first move into the Prairie State. Jumer’s Casino in Rock Island, Ill. seen here when it closed because of COVID-19. Twin River is buying the venue for 0 million in cash. intertops casino bonus codes may 2021 (Image: Quad-City Times)Jumer’s has a 40,000 square foot casino with 870 slot machines, 25 table games, and a 205-room hotel. live casino kronos Twin River said the deal is scheduled to close in the second the bicycle casino poker tournaments