Penn National: One gambling stock poised for a bull run Bradley Freeman, The Motley Fool · November 30, 2020 at 7:23 am Gambling stocks have not been so lucky this year. COVID-19 forced much of the industry to temporarily close brick-and-mortar casinos, and a pause in live sports hurt sports gambling revenues considerably. Despite all of this, Penn National Gaming looks to be the strongest player in the field. Its assets are ideally positioned for the world we are living in, and it’s poised for an even larger bull run than it’s currently experiencing. Here’s why. Global casino operators like MGM Resorts International and Wynn Resorts both rely somewhat heavily on air travel to bring customers to their properties. Penn does not. Instead, Penn National’s portfolio of properties is entirely regional and therefore generates a much larger portion of demand from drive-to rather than fly-to traffic. With COVID-19 still inflicting significant pain on the aviation industry, this apparent lack of dependence on air travel is ideal. What has it meant for Penn?
