brian christopher slots 2021 scheduleAdditionally, we believe the Street has not adjusted for recent acquisitions,” said the research firm.Casino brand into Pennsylvania for the first time,” said Cordish Principal Jon Cordish.Bally’s agreement with Sinclair jibes with the sports wagering push, as the 21 RSNs that will eventually bear the gaming company’s name.choctaw casino durant ok‘Hidden Treasure’When factoring the all-important total addressable market (TAM), a point of emphasis among analysts covering gaming companies with online and mobile sports betting exposure, Macquarie sees value in Bally’s.ate Wednesday, the company announced it sealed a deal with Sinclair Broadcasting Group to apply the Bally’s brand to 21 regional sports networks (RSNs).That number is steadily increasing via bolt-on acquisitions, including the 2019 purchase of Dover Downs Gaming & Entertainment.chumba casino offers

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santa ana casino players clubObviously, investors are cheering the move, and Wall Street added some fuel to the fire with Macquarie initiating coverage of Bally’s with an “outperform” rating.‘Hidden Treasure’When factoring the all-important total addressable market (TAM), a point of emphasis among analysts covering gaming companies with online and mobile sports betting exposure, Macquarie sees value in Bally’s.When pending acquisitions close, the Rhode Island-based operator will have 14 casinos across 10 states, essentially all of which will be renamed Bally’s at some point next year.Works, a move that speeds the buyer’s efforts to be a vertically integrated player in the industry.“With online peers trading at ~3x 2022 estimated enterprise value/sales, we believe online gaming is the hidden treasure of the company.Not Fully LovedMacquarie points out that five years ago, the company now known as Bally’s controlled just two gaming venues.bellagio casino rooms