Penn casino gaming investment thesis11/16/2023 ![]() PENN does not have the Las Vegas Strip presence of some other stocks in the sector but is well-entrenched in the eastern half of the United States. For these reasons I highly recommend buying the stock. ![]() Per the financial summary table, PENN is one of the few profitable in the space, in addition to being near its 52-week low. The combination of both online and brick-and-mortar assets leaves them in a very strong position to not only maintain, but grow their market share as gambling regulations continue to be changed across the country. PENN also owns and operates Barstool Sportsbook, their online sportsbook app. ![]() The majority of their properties are in the eastern half of the United States. ( NASDAQ: PENN) is a casino/entertainment company which operates over 40 casinos and racetracks. Active contributors also get free access to SA Premium. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Editor's note: Seeking Alpha is proud to welcome George Keiter as a new contributor.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |