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Penn National Gaming, Inc. (PENN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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76.63+0.61 (+0.80%)
At close: 4:00PM EDT
76.95 +0.32 (0.42%)
Pre-Market: 05:40AM EDT
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  • e
    edebear
    Penn wisely owns 5% of SCR. It is likely that the Canadian Senate will pass C218 legislation approving single game betting today. SCR has a leadership position in Canada for sports info and betting, and, has one of the bets betting apps out there. Internet gambling is big in Canada. Will Penn increase its position in SCR and/or set up some joint ventures?
  • D
    Daveastation
    Penn had a revenue of $5B in 2019 before the pandemic. Market cap of $12B now. This stock is not a gamble. They can get back to $5B revenue in the next couple years, they did it before and can do it again. LONG.
    Bullish
  • b
    bert
    I'm in for the long run... don't need the money in the next 10 years...
    Online gambling is the future
    Bullish
  • G
    G
    Based on 8 Wall Street analysts offering 12 month price targets for Penn National Gaming in the last 3 months. The average price target is $111.57 with a high forecast of $158.00 and a low forecast of $31.00. The average price target represents a 46.55% from the last price of $76.13.
    Bearish
  • H
    Harrison
    Bullish
  • A
    Aaron
    Another week of how low it will it go lol this will not run and will take a long time to hit triple digits. Bag holders will bail and people will take profits as it rises. Down 50% in 3 months, so that means at current price it must make 100% gains to get back there. NOT GOING TO HAPPEN FOR A LOOONG TIME.
  • t
    taylor
    bought in today. feeling optimistic. chart looks like a rebound is in coming.
  • H
    Harrison
    Huge article to get the push from Barish, “We are literally in the first inning of online gaming” and goes on to mention Penn as a great value play here
  • R
    Rusty Trombone
    It’s going to run to 90 and then do the two for one split. In my opinion
  • H
    Harrison
    Consolidating the past month for a move upward with the nfl season right around the corner.. now is the time to get in. Packed stadiums and betting will break records this Fall
    Bullish
  • P
    Prgnsft
    AMC has a market cap about 2.5 times larger than this
    Amazing has the entire story
    Reopening trade
    Major online growth engine
    Very low price to expected earnings ratio
    Yet still off almost 50 Percent in three months and down about 10 percent in a week
  • M
    Mike
    On the launch pad...Taking off toward new highs within 30-60 days. Barstool Sports to begin hyper rollout through end of year
    Bullish
  • J
    JimmyTheGeek
    I'm reading in the forums that Dave prtnoy is saying big news for Penn gaming barstools and safemoon coming soon. Is there some sort of partnership happening?
  • D
    Dos
    thumbs up if you have a stock called the $scr 🚀🚀
  • C
    Chris
    I added shares on today's weakness. No-brainer pin action from $DKNG. Both are buys. I've got mine. gl2a
    Bullish
  • P
    Prgnsft
    Add to the fact in all time high markets this has now lost 45 percent in three months
    And all they did was clock q1 out of the ballpark
    Makes sense !
  • S
    S
    WYOMISSING, Pa., June 04, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), today announced the completion of its previously announced transaction to acquire the land and real estate assets of Tropicana Evansville from Caesars Entertainment (NASDAQ: CZR) (“Caesars”) and The Dover Downs Hotel and Casino from Bally’s Corporation (NASDAQ: BALY) (“Bally’s”) for an aggregate purchase price of approximately $484.0 million in cash. The Company funded the transaction with cash on hand which was in part generated by its equity raise completed on October 29, 2020.
    Simultaneous with the closing of the transaction, the Company entered into a triple-net master lease agreement with Bally’s. The master lease has an initial total annual cash rent of $40.0 million and an initial term of 15 years with four 5-year tenant renewal options, as well as annual lease escalation terms based on the Consumer Price Index, with a 1% floor and 2% ceiling, subject to CPI meeting a .5% threshold.

    Peter Carlino, Chairman and CEO of GLPI commented, “We are pleased to add these high-quality regional assets to our portfolio, expand our roster of operators, and gain geographic exposure to a new state. Bally’s is one of the nation’s most dynamic regional gaming operators and we look forward to further supporting the execution of their growth plans. In particular, we look forward to adding their Mardi Gras and Golden casinos in Blackhawk, Colorado and their Jumer’s Casino and Hotel in Rock Island, Illinois to our existing master lease as we further expand our partnership.
    “Furthermore, as the owner of the nation’s largest regional gaming portfolio, we are extraordinarily encouraged by operating results at regional properties across our portfolio. After the underlying properties successfully re-opened from mandated COVID-19 closures, the $6.1 million of additional annual cash rent generated by the May 1, 2021 achievement of rent escalators in each of our Pinnacle master lease operated by Penn National Gaming, Inc. (NASDAQ: PENN), our master lease with Boyd Gaming Corporation (NYSE: BYD) (“Boyd”), and our Belterra Park lease with Boyd underscores this robust and recently accelerated operational strength.”
    Bullish
  • g
    gary
    Dave will deliver you into the promised land. Load the boat right here
    Bullish
  • A
    Asshat
    Picked up a bunch of 80 strike calls 7/16 ex date. Caught the low dip on fed news 3.50 a contract. Bad news after the close on Michigan. I think this is near support level in the chart. If it breaks lower we are in trouble here.
    Bullish
  • s
    steve l
    Article comes out about DKNG and this tanks...hmmm