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blackjack casino tableThe Nevada Gaming Control Board (NGCB) and the New Jersey Division of Gaming Enforcement (NJDGE) wBecause of the coronavirus, regulators in New Jersey and other states are postponing meetings to discuss the Eldorado/Caesars deal and that’s bad news for both companies. That original forecast jibes with what other analysts mentioned regarding the operator’s survival time frame should domestic gaming properties remain closed due to the COVID-19 pandemic.Extreme ScenarioDown almost 54 percent year-to-date, Penn stock is one of the most battered gaming equities. chinook winds casino hotels“With all of that said, we encourage investors to remain buyers of the shares, as we believe current levels present a compelling long-term risk/reward setup, all else being equal.”The analyst has a “buy” rating and a price target on the stock, meaning it needs to more than triple from current levels to reach that forecast.With the 7.5 million price tag, the operator took a modest loss based on the roughly million per acre it paid for the 35-acre property in 2015.Still, Stifel analyst Steven Wieczynski views the transaction as important to bolstering Penn’s near-term liquidity while cementing an already-solid relationship with GLP.More importantly for PENN, even though some might argue they didn’t get the ‘full price’ for their real estate associated with the Tropicana, we believe what is more important right now is firming up additional liquidity and showing the market how long their business is sustainable without operations,” said the analyst.Wieczynski estimated that prior to the Tropicana sale, Penn had 166.7 days worth of liquidity, a number that’s been boosted to 202.6 as a result of the deal. Penn National Gaming (NASDAQ:PENN) said last Friday it’s selling the real estate assets of the Tropicana Las Vegas and the ground lease of an asset in Morgantown, Pa. casino style poker table

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the bellagio hotel casino(Image: CNBC)Rather, gaming authorities in some states – including the big kahunas Nevada and New Jersey – are postponing regularly scheduled meetings because of the coronavirus outbreak. In the interim, workers can file for unemployment compensation, which the federal government is increasing by 0 a week through the CARES Act.Penn National Gaming (NASDAQ:PENN) said last Friday it’s selling the real estate assets of the Tropicana Las Vegas and the ground lease of an asset in Morgantown, Pa. black bear casino duluth mn hotelEldorado Resorts Inc.’s (NASDAQ:ERI) .3 billion pursuit of Caesars Entertainment (NASDAQ:CZR) is hitting major regulatory headwinds, but not because sparagon casino hotel rates uodctates are opposed to the deal. Penn National’s Tropicana sale provides needed liquidity at an important time, says one analyst. to Gaming and Leisure Properties (NASDAQ:GLPI) for 7.5 million worth of rent credits, a move one analyst views as vital to the operator’s near-term survival prospects. admiral casino zadar

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viejas casino room ratesIt’s expected that the operatoparagon casino hotel rates uodcr will provide analysts and investors with an update on May 7.Wieczynski believes the “market has currently priced in an extreme downside scenario” with Penn stock. “With all of that said, we encourage investors to remain buyers of the shares, as we believe current levels present a compelling long-term risk/reward setup, all else being equal.”The analyst has a “buy” rating and a price target on the stock, meaning it needs to more than triple from current levels to reach that forecast.to Gaming and Leisure Properties (NASDAQ:GLPI) for 7.5 million worth of rent credits, a move one analyst views as vital to the operator’s near-term survival prospects. Because of the coronavirus, regulators in New Jersey and other states are postponing meetings to discuss the Eldorado/Caesars deal and that’s bad news for both companies. The Nevada Gaming Control Board (NGCB) and the New Jersey Division of Gaming Enforcement (NJDGE) wThat original forecast jibes with what other analysts mentioned regarding the operator’s survival time frame should domestic gaming properties remain closed due to the COVID-19 pandemic.Extreme ScenarioDown almost 54 percent year-to-date, Penn stock is one of the most battered gaming equities. free casino slots no download required