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How is a casino business performing so well amid such difficult times? Simple: Penn's casino portfolio is entirely made up of regional, drive-to properties, not international destinations.
This means the company's clientele is more local and therefore less reliant on air travel to access Penn's locations.
As the global health pandemic persists, local access to casinos is proving to be an advantage. Rolling out online gambling platforms will not be cheap, and this source of cash helps ensure Penn can compete as effectively as possible in the growing sports betting space.
To further boost liquidity, the company did raise close to a billion dollars in new equity last month.
Penn's brick-and-mortar properties will not be where the company creates investor excitement or company growth. It will, however, be the source of funds to pay for the growth projects Penn is orchestrating.
Barstool is a sports media empire boasting 66 million monthly active users, roughly million social media followers, and two of the top 30 podcasts in the country.
Springfield Country Club. Sept 21 Detroit. Walnut Creek Country Club. Olde Stonewall Golf Club. What is the Barstool Classic? See Event Dates. Hello Friends.
See Results. Barstool Classic Social. The Barstool Classic. And now they celebrate! Gambling problem? Wagering currently only available in PA.
Version 1. One issue I have with it is live betting. I was trying to place a bet all of the second half during this one game but I kept getting booted because of odds changes.
Eventually, the bet was just locked altogether. I also enjoy the 6 pick parlays. Washington Post. The Big Lead.
Milwaukee Journal Sentinel. Wall Street Journal. January 29, Legal Sports Report. The Boston Globe. Money Inc. The Rocket.
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