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no deposit bonus codes thebes casinoBut at least one analyst is urging a more reserved approach.Still, there are parts of the marblack hawk casino coriage that give Wieczynski pause.“Second, PENN’s recent message to investors has been all about deleveraging,” said the Stifel analyst.royal ace casino 50 free chipThe surge of more than 12 percent came after the regional gaming company confirmed that it’s paying 3 million in cash and stock to purchase a 36 percent chunk of Barstool Sports.Given our somewhat pessimistic view of the current sports betting craze, we find ourselves feeling cautiously optimistic about the strategic merits of PENN’s announced 3M investment in the Barstool Sports brand,” said Stifel analyst Steven Wieczynski in a note provided to Casino.The surge of more than 12 percent came after the regional gaming company confirmed that it’s paying 3 million in cash and stock to purchase a 36 percent chunk of Barstool Sports.google free blackjack games

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yelp sycuan casinoThe 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.30, 2019.“Second, PENN’s recent message to investors has been all about deleveraging,” said the Stifel analyst.aliante casino mabagePenn National issued a statement this morning saying that it has struck a deal with David Portnoy’s media property.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.“At the end of the day, we are not suggesting investors should simply close the book on the Barstool transaction.bonus casino codes

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las atlantis casino reviews30, 2019.The surge of more than 12 percent came after the regional gaming company confirmed that it’s paying 3 million in cash and stock to purchase a 36 percent chunk of Barstool Sports.” Said another way, sports betting can be a revenue driver for gaming companies, but not necessarily a significant contributor of increased profits.Penn National stock is soaring on the deal to buy part of David Portnoy’s Barstool Sports, but one analyst isn’t crazy about the transaction.Still, there are parts of the marblack hawk casino coriage that give Wieczynski pause.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.no deposit real casino

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