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river spirit casino entertainmentHe also notes that momentum for Penn could extend with Election Day upcoming because as many as 10 states could “fast track or formally pass” internet gaming and sports betting legislation.That’s speeding a rally that’s seen the stock more than double since mid-July.16 close and arrives a week after another analyst placed an forecast on the name.santa ana star casino winners“We believe that opportunity is even greater than what management is letting on today, and expect that, over time, it could reach 2019 EBITDAR parity off a revenue base that could be 75 percent-85 percent of 2019.Trade to Continue MomentumAt this juncture, as Wieczynski notes, Penn is what’s known as a momentum trade.There’s no denying Penn has ample momentum, most of which is sourced via ongoing market ebullience for sports betting.lucky tiger slots

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chukchansi casino winners“We believe that opportunity is even greater than what management is letting on today, and expect that, over time, it could reach 2019 EBITDAR parity off a revenue base that could be 75 percent-85 percent of 2019.“While some would argue PENN shares could be overvalued, we believe they can continue to work, especially into November, as we expect a number of states to pass gaming legislation that should keep the sports betting/iGaming momentum rolling.The simple definition of momentum investing is buying securities that already appreciated significantly, often over short time frames, with expectations that momentum will continue propelling those names higher.The reportedly billion project features a 35-floor hotel with 777 rooms, “Stadium Swim,” described as a massive outdoor sportsbook and pool complex, the “Garage Mahal,” a facility with 982 parking spaces, Las Vegas’ largest indoor three-story sportsbook, a casino with 1,350 slot machines and 55 tableCirca 2020This year has been unlike any other in Las Vegas’ past, as COVID-19 resulted in unprecedented closures of casinos, and with gaming floors likely forever changed.Trade to Continue MomentumAt this juncture, as Wieczynski notes, Penn is what’s known as a momentum trade.sycuan casino viewpoint restaurant