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home / news releases / DKNGZ - Is Penn National Gaming Stock A Buy As Sports Betting Volume Increases?

DKNGZ - Is Penn National Gaming Stock A Buy As Sports Betting Volume Increases?

DraftKings Inc. Warrant
  • Penn National Gaming is a casino operator with plans to expand in sports betting.
  • They're best known for their stake in Barstool Sports, the popular sports website founded by Dave Portnoy.
  • Advertising is expensive, but publicity from doing crazy stuff is free, giving Barstool a much lower cost of acquiring customers than competitors like DraftKings and Fanduel.
  • PENN stock skyrocketed after the pandemic, then sharply corrected. We'll look at valuations and prospects. They make most of their money from their casinos. Sports betting is simply a kicker at this point.
  • PENN's capital stack shows a lot of cooks in the kitchen and a shaky credit rating, but some upside potential.

For further details see:

Is Penn National Gaming Stock A Buy As Sports Betting Volume Increases?
Stock Information
Company Name: DraftKings Inc. Warrant
Stock Symbol: DKNGZ
Market: NASDAQ
Website: draftkings.com
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