Mgm Casino Food forward. The analyst is also encouraged by Penn’s recent reopenings, particularly in the South, saying there are confirmed signs of strong demand despite limited capacity and offerings. PENN’s business is mostly regional drive-to customers that show signs of strong pent-up demand in states like Mississippi and Louisiana, despite capacity restrictions,” said Kelly. Ten of the operator’s 41 casinos are in those two states, and those properties combine for a quarter of the company’s revenue. riverwind casino spa Casino Near Me Everett Ma Xola Encouraging Signs“We are hearing of strong initial profitability given limited marketing/amenities (e. g. buffets),” said the BoA analyst. “While early, continued strength could lead to ’21 estimates proving conservative, and we have factored in little from either cross-over/sports into our models. wild joker casino review mgm grand casino md ”Kelly said Penn is the bank’s preferred choice for exposure to iGaming and sports wagering, which are verticals the company is looking to enhance via the Barstool deal.

Penn executives previously said online casinos will be a material contributor to top and bottom line growth starting next year. The analyst forecasts those markets growing to billion or beyond. The return of US sports could provide a jolt for Penn because it runs venues in some states where sports wagering is established. Likewise, the company has exposure in Colorado and Illinois – two states that recently approved sports betting, but were unable to take bets because of the coronavirus. Cadraftkings casino leaderboardlifornia CallOn Tuesday, a California Senate committee approved an amendment that would allow for online sports betting in the largest state by population. black hawk casino open “While the amendment still requires 2/3 support in both the Senate and Assembly, and voter approval via a November referendum, we had not expected this progress, given the California tribes’ focus on a referendum for onground-only sports betting,” said Morgan Stanley analyst Thomas Allen in a note to clients today. Sports wagering in the Golden State still has a long way to go, and there are no guarantees the issue will even make it to the November ballot. sunset station casino henderson nevada But Allen named Penn as one of the beneficiaries of the aforementioned amendment, assuming that proposal is signed into law. online casino poker australia Commercial gaming companies such as Penn have no direct exposure to California because the state’s casino market is dominated by tribal operators and card rooms. las atlantis casino welcome bonus casino night soaring eagle casino mount pleasant michigan

Key Insights and Expert Analysis

Sahara Las Vegas has made an announcement that many Sin City visitors hope is the beginning of a new trend: no resort fees. Sahara Las Vegas is welcoming back guests, but not resort fees. (Image: Sahara Las Vegas)The property, located on the Strip’s northern end, announced this week that no resort fees will be tacked on to bookings made through the end of the month. chukchansi casino buffet The offer is good for all stays through May 31, 2021. Turtle Creek Casino Concerts Tuib “Las Vegas is America’s playground,” said Sahara VP and General Manager Paul Hobson. “We know how much everyone has missed traveling, and we’vedraftkings casino leaderboard missed entertaining guests. Dr Slot Casino Login Apxm Removing the resort fee for our first promotion is our way of welcoming guests back to the city and thanking them for their patronage. u casino san mauro cilento golden nugget casino app michigan Boomtown Casino Open Today Qqnr ”Sahara typically charges a nightly resort fee of . 95 plus tax.

The resort says the charge is for in-room internet access, local and toll-free phone calls, pool and fitness center access, concierge services, and valet and self-parking. harrah s cherokee casino resort cherokee nc While valet service remains suspended, self-parking remains free, regardless of whether one is staying at the resort. online casino ohio Sahara Unlikely DesertedMany Nevada casinos are reopening Thursday following more than two and a half months of being closed on orders from Gov. harrah s casino nj sam s town casino movie theatre las vegas Steve Sisolak (D). Casinos across the state will battle for what’s expected to be a reduced volume of visitors in the early days and weeks of the industry’s gradual restart. Lauren Wolfe, founder of Kill Resort Fees and counsel at Travelers United, says