![]() ![]() In February of 2020, Penn National purchased a 36% equity interest in “Barstool Sports Inc.” which is a leading digital sports, entertainment, media, and lifestyle brand. Penn National Gamming ($PENN) owns and manages several gaming and racing properties, retail sports betting operations, online sports betting operations, and video gaming terminal (VGT) operations. ![]() Furthermore, they have numerous macroeconomic factors that they can take advantage of to accelerate their growth. $PENN – Penn National Gaming is expanding rapidly and has plans to continue their expansion in the American gaming space.O I believe that this is Penn for many reasons, which will be discussed throughout this analysis. With a large variety of sports betting and gambling stocks in the market, which one is best positioned for large growth, and to become a leader in the National market?.O The companies who move the quickest will enjoy a first mover advantage and capture large With more and more states passing legislation, and making sports betting legal, there is a big opportunity for sports betting and gambling stocks to take advantage of.*For my original analysis (with images of my models, click here* Hours respective to their own timezone.Read the FAQ if you're new to both wallstreetbets and trading. The rules and submission guidelines are maintained on new Reddit so be sure to check them and make sure you're up to date. ![]()
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