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Super Bowl Picks – Kansas City Chiefs Vs Philadelphia Eagles admin
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NFL Conference Championship Picks – San Francisco at Philadelphia, Cincinnati at Kansas City admin
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NFL Divisional Matchups – JAC@KC, NYG@PHI, CIN@BUF, DAL@SF admin
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NFL Wildcard Weekend – Sea at SF, LAC at Jac, Mia at Buf, NYG at Min, Bal at Cin, Dal at TB admin
Penn National Gaming is facing risks associated with its connection to the Barstool brand, as recent controversies have overshadowed the company’s online progress. Analysts suggest that Penn will have to endure further social media storms to benefit from the audience Barstool brings. The dismissal of Ben Mintz for airing racist slurs has raised questions about Barstool’s future post-Penn’s acquisition, and the potential impact on revenues and consumer perception.
Deutsche Bank highlighted that Penn’s property level EBITDA forecasts are moving higher, but the margin decline in the brick-and-mortar business is a concerning aspect of the quarter. The bank also noted that Penn is “somewhat catalyst starved” as regional casino growth is difficult to envision, returns from projects are years away, new online launches won’t significantly impact earnings, and the M&A environment is benign.
Penn shares dropped 10% following the sacking of a high-profile employee and Dave Portnoy’s controversial Twitter posting.
Red Rock has experienced 11 consecutive quarters of margins above 45%Red Rock Resorts is benefiting from the recent migration of people from California to the Las Vegas Valley, which is […]
