Secondly, shares trade at a premium to stronger rivals like Las Vegas Sands (NYSE: LVS) and MGM Resorts (NYSE: MGM). But it leaves them fewer liquidity options relative to peers. This may have been a smart financial engineering move. But even as shares hold steady around $32 per share, there’s many reason why shares could dip further.įirstly, the company mostly leases the real estate under its casinos. Yet, Penn National has pulled back after retracing its past high. But, who’s to say we’ll see a V-shaped recovery at the gaming tables?Ĭasino stocks offer high risk, but high potential returns. With casinos reopening after the novel coronavirus shutdowns, investors are betting on a quick rebound. What’s next for Penn National Gaming (NASDAQ: PENN) stock? Shares have skyrocketed from their lows.
