covering 16 states<\/a>, including some that are not likely to approve sports wagering anytime soon.<\/p>\nThrough its Penn Interactive Ventures (PIV) unit, Penn is working with DraftKings, PointsBet, theScore and The Stars Group to solidify its footprint in markets where sports betting is already operational (Indiana, Pennsylvania and West Virginia, among others), as well as states that could soon sign off on it, such as Maine and Massachusetts.<\/p>\n
PIV’s deals also indicate Penn and its partners are preparing for Texas and Florida to eventually approve sports wagering.<\/p>\n
\u201cIn exchange for access to our non-primary licenses to conduct these operations, Penn National will receive a combination of upfront cash and equity, one-time market access fees, and ongoing revenue sharing,\u201d said Wimott of the deals<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"Penn National Gaming, Inc. (NASDAQ:PENN) scored an upgrade from a widely followed casino industry analyst on Friday. Union Gaming analyst John DeCree raised his rating on shares of the regional operator to \u201cbuy\u201d from \u201chold\u201d while lifting his price target on Penn to $26. That forecast is below the Wall Street consensus of $28.25, but […]<\/p>\n","protected":false},"author":46,"featured_media":110982,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[],"acf":[],"yoast_head":"\n
Penn National Gaming Upgraded by Union Gaming<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n