PENN Entertainment Inc (PENN)

[Boredoftv]

Portnoy said this? When? Would be fantastic if it did.
Thanks!

[Tadaaa]

111.11 52 High, With that SAR Flip, we will see it break above soon.....GLTA !

[John-Knee]

Something is brewing with PENN.

[Tadaaa]

Need 110.30 to flip the Daily SAR

[weedtrader420]

Easy money here $420 Target price this year David Portnoy is the man

[Norton1973]

Nice!

[Investor X]

And it’s only the beginning...They are going to take 50% market share in Michigan on Friday!

[Norton1973]

I always thought PENN, Barstools would be a great one.....sure has been fruitful!

[MajorGrowth]

Whats next? https://finance.yahoo.com/news/2-5-trillion-dollar-millennial-135800815.html

[Norton1973]

Seeing PENN hit $100 is great. It has way more to go.

[weedtrader420]

PENN$ $120 TARGET price today WOOHOOOOOOOOOO

[Golden Cross]

I think it will easy especially gaining steam into next years football/basketball seasons

[Investor X]

PENN will hit $200 this year

[Golden Cross]

PENN wants $100

[Norton1973]

PENN, Sports Betting Could Grow 70% In 2021, Casino Recovery Coming: BofA Analyst
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/sports-betting-could-grow-70-174309410.html

[Steph70]

GNOG and RSI the next big gaming investment.

[Harbor6460]

Easy to get shares sub 60.00 very soon. DOW DOOMED. NOBODY WORKING. WHAT DONT YOU PEOPLE UNDERSTAND

[Harbor6460]

This is a BLOATED LIE AND PIG. WAS 3.70. Nobody going out

[Golden Cross]

Going to see $100+ in 2021...

[Investor X]

I saw that he left. Didn’t realize that was what happened. I’d imagine more PENN staff will do the same. A lot of people will benefit from the Barstool bump.

[Norton1973]

PENN, did you know, another Company appointed former head of Barstool Sportsbook at Penn National Gaming Scot McClintic as its SVP of igaming product and strategy. Barstool / $PENN has done well.

I bought into that Company. :)

I just could not pass that opportunity up.

[Norton1973]

Lol, I own several gambling stocks.
From my 228 posts on this board, you obviously know how I feel about PENN.

[Investor X]

I know that’s the problem! If you’re going to own gambling stocks PENN is the only one to own. Sell CZR and buy more PENN. Thank me later.

[Norton1973]

Shhhhh, calm down, I own both. :)

PENN

[Investor X]

No, CZR is like a landline telephone in the cellphone era vs. PENN. The marketing PENN can do on social media is unmatched and a huge differentiator. Big investors are only just starting to realize that.

[Norton1973]

Lol, it it looking that way. My other one CZR is lagging a little. Prob. Will not catch PENN.

[Investor X]

Yup! Although, PENN may hit those levels in 2021. This thing is on fire!

[Norton1973]

Remember this ? :) PENN, gaming/Barstools......$$$$$$$$ 
we use the same EV/EBITDA multiple for Flutter and assign a 25% valuation discount, we arrive at a projected share price of $187 to $233 for PENN by 2023 to 2025. 

[MajorGrowth]

Federal Government Bill to Legalize Single-Event Wagering in Canada

[ClayTrader]

* * $PENN Video Chart 12-09-2020 * *

Link to Video - click here to watch the technical chart video

[Investor X]

Legal mobile sports betting in Michigan is a huge catalyst for PENN. This will be the first state they enter on a level playing field with competitors. Everyone will go live at the same time and my money is on the Barstool crew.

[realfast95]

Canada may be soon, odd that this article title says "to table bill" which tells me it's not moving. But the context doesn't mention "table"

https://www.cbc.ca/news/politics/legalize-single-event-sports-betting-1.5816059

Federal Justice Minister David Lametti is expected to introduce legislation as soon as Thursday to legalize single-event sports betting in Canada — ending a decades-old prohibition on gambling that experts say has funnelled billions of dollars into the black market.

The proposed government legislation, if passed, would allow gamblers to place a bet on the outcome of a single sports game, like a football match or a hockey game.

Currently, sports bettors in Canada are limited to "parlay" bets — meaning they have to place bets on more than one game, and pick the winning team in each contest, to see any sort of windfall. The odds of a winning parlay bet are low. Canadians spend roughly $500 million a year on parlay bets through lottery games like Pro-Line.

[Tincupx]

Or getting ready to hit blue skies

[JamMt_BiggSkye]

PENN peaked?

[Golden Cross]

Another strong day $PENN

[Golden Cross]

Sure is Panzer $PENN

[dekeferrell]

Make sure you guys look into $DMYT --- 300% growth competitive with DKNG sportsbook PLUS #1 Online casino in the US. 2020 Rev guidance just upgraded 20% to 275mil. VERY undervalued.

[Panzer]

Another gem!

[Golden Cross]

Piper Sandler sees big gains for DraftKings, Penn National as sports betting market expands
https://www.cnbc.com/2020/11/20/sports-betting-piper-sandler-says-to-buy-draftkings-penn-national.html

[Golden Cross]

Ready to push towards $70 again

[Investor X]

Virginia, Maryland, South Dakota, Nebraska, Louisiana and Colorado all passed sports gambling bills tonight! Bullish PENN

[wallstreetwolf32]

PENN crushed earnings estimates again. Exponential growth has been unstoppable since the barstool deal

[Investor X]

Penn best estimates. 48k app downloads in PA alone! $78 million in handle through 10/24. Huge day for Barstool!!

[Mrniceguyjr]

Hurt see

[ClayTrader]

* * $PENN Video Chart 10-16-2020 * *

Link to Video - click here to watch the technical chart video

[Stock Logics]

I love it! Go PENN!

[Investor X]

Presentation by PENN released today after the bell. Great numbers. Barstool Sportsbook betting handle is up 14% from the first weekend.

https://pennnationalgaming.gcs-web.com/static-files/b4f603c8-4682-446d-b1af-8984e45cb931

[weedtrader420]

DKNG PENN GAN $$$$$$$ WOOHOOOOOOOOOOOOOOO

[JohnCM]

William Hill Stock Soars on Takeover Offers From Apollo and Caesars. A Bidding War Looms.

Sept. 25, 2020
By Jack Denton
The Barron's Daily

William Hill announced that it has received potential takeover bids from Caesars Entertainment and Apollo Management.

British gambling company William Hill said on Friday it has received separate takeover bids from buyout firm Apollo Management and Caesars Entertainment as the fight to capture the U.S. sports betting market intensified.

William Hill stock surged 43% in London trading, as investors welcomed the prospect of a bidding war and a potential takeover. The news also lifted other British betting companies, with GVC more than 17% higher, 888 Holdings 12% up, and Flutter Entertainment up more than 6%.

The back story. FTSE 250 constituent William Hill is already Caesars’ sports betting partner and operator. Last week, it was announced that media giant ESPN had signed co-exclusive deals with Caesars and DraftKings, which made William Hill ESPN’s official odds supplier across its platforms. William Hill also has an exclusive media partnership with CBS Sports.

While sports betting is a mature market in the U.K.—having been legal since the 1960s—the American market is new and booming. A Supreme Court ruling in 2018 paved the way for legal sports betting in the country, and William Hill has since emerged as one of the market leaders.

As it expands into the U.S. market, William Hill has been forced to transform its British business, merging its online and retail divisions. In August the company announced that 119 shops closed due to the Covid-19 outbreak wouldn’t reopen. Regulatory woes, including a £2 stake limit on certain betting terminals, have also hit performance at the company’s physical U.K. stores.

What’s new. William Hill’s board said on Friday afternoon that it has received separate cash proposals from buyout firm Apollo and U.S. casino operator Caesars Entertainment. William Hill said the first written proposal came from Apollo on Aug. 27, followed by a further proposal from Apollo and proposals from Caesars. Discussions between William Hill and the two parties are ongoing, the London-listed company said.

The statement was released without the permission of either Apollo or Caesars, and came shortly after Bloomberg first reported that Apollo was exploring an acquisition of the company. Apollo declined to comment on the announcement.

This is the starting pistol in the race to make a bid for William Hill. Under British takeover rules, Apollo and Caesars have until end-of-day Oct. 23 to announce their firm intention to either make a bid or not make a bid for the company.

Looking ahead. It was only a matter of time before big American money targeted William Hill, which has a market cap of £2.28 billion ($2.9 billion). The company is one of the largest gambling companies in the world and is serious about capitalizing on the ripe U.S. market. Its experience in the U.K. and standing in the U.S. already makes it a highly attractive proposition for both buyers.

Apollo’s offer isn’t a shock—American private equity has been targeting British companies since the coronavirus pandemic sank share prices in the spring. But depending on the terms, Caesars may be better positioned to take the reins because it is already joined with William Hill through a partnership and has built its business on the gambling meccas of Nevada.

Analysts marked William Hill stock as underpriced in August and September—it is certainly less so now, but that doesn’t mean it isn’t a good gambit for investors.

[JohnCM]

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