winning hands for pokerBarstool Sports and founder David Portnoy, seen here, are big reasons Goldman Sachs is bullish on Penn National Gaming.“We believe Barstool Sports’ embedded customer base and content creation engine will drive one of the lowest customer acquisition costs in the sports betting industry, allowing PENN to quickly take share within our proprietary iGaming and Sports Betting models,” said Goldman analyst Stephen Grambling.The stock raced to a new 52-week high after Goldman Sachs initiated coverage of the gaming company with a “buy” rating.free slot games 20215 million Instagram and 18.At the time, the deal was mostly praised, though some analysts expressed reservations about the price, citing the operator’s high debt burden.“In fact, we estimate that more than 0 billion is up for grabs on an annual basis from these restrictions and changes in behavior.slot king casino no deposit

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gta 5 online blackjackPENN sits at the cross-section of a rapidly rebounding regional casino space and inflecting growth in sports betting,” said Goldman in a note to clients today.Penn is also likely to leverage Barstool’s dominant social media presence.5 million Instagram and 18.take 2 hollywood casino46, meaning some other analysts may join the party with higher forecasts over the near-term.He was careful to note the company won’t react in knee-jerk fashion simply because markets are assigning lofty multiples to online gaming firms.Barstool Sports and founder David Portnoy, seen here, are big reasons Goldman Sachs is bullish on Penn National Gaming.no deposit bonus trueblue casino

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golf courses near jackson rancheria casino“Moreover, we believe Barstool Sports’ embedded customer base and content creation engine will drive one of the lowest customer acquisition costs in the sports betting industry, allowing PENN to quickly take share within our proprietary iGaming and Sports Betting models,” he continued.The CEO said internet casinos and sports wagering could generate 0 million to 0 million in revenue for the company in 2021, with New Jersey iGaming alorunning aces directionsne contributing 5 million.2 million Twitter followers, respectively, while rivals DraftKings and FanDuel have just 200,000 and 600,000 followers on those platforms combined.With help from the Goldman call, Penn stock is higher by almost 71 percent over the past month, and is up a jaw-dropping 1,326 percent off its March lows.moth with a growing internet casino operation in states where that activity is permitted.Lauding RelationshipIn January, Penn paid 3 million in cash and equity to take a 36 percent stake in David Portnoy’s Barrunning aces directionsstool Sports.lucky tiger casino no deposit bonus codes september 2020