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Better Buy: MGM Resorts vs. Penn National Gaming

The global pandemic hit the gambling industry especially hard. Casinos were forced to shutter, sporting events to bet on were temporarily halted, and the industry suffered immensely as a result.

Companies like Penn National Gaming (NASDAQ:PENN) and MGM Resorts International (NYSE:MGM) were not spared from this trend. Still, Penn National Gaming looks to be far better positioned for success going forward, and is the better buy. Here’s why.

Ideal casino portfolio

Poker chips on a green card table in a casino.

Image source: Getty Images.

A key edge Penn National Gaming enjoys over MGM is the regional make-up of its brick-and-mortar business. Penn boasts the largest (and most geographically diverse) regional casino portfolio in the nation, with 41 properties across 19 states.

Why does this matter? As MGM’s Las Vegas Strip and Macau customers tend to be more global, they also tend to fly to MGM’s properties. Conversely, Penn’s regional casinos are predominantly drive-to properties — quite ideal as the

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  • November 17, 2020
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SoftBank’s Son stockpiles $80bn for pandemic ‘worst case’

NEW YORK — As SoftBank Group shed assets ranging from Alibaba to T-Mobile this year, the Japanese tech investor created an $80 billion cash pile that CEO and Chairman Masayoshi Son says was built with the “worst-case scenario” of COVID-19 in mind.

“I saw the possibility of a lot of economic crisis,” Son said Tuesday as he kicked off the two-day New York Times DealBook Online Summit. “We have investment in many startup companies … I was afraid that, you know, maybe some of them cannot make it.”

SoftBank itself had enough money and assets, Son told Times journalist Andrew Ross Sorkin, but added, “I thought the cash is very important in this kind of crisis” in order to make moves when a new investment opportunity arises as well as to “protect” the group.

Despite recent vaccine and antibody treatment breakthroughs, Son is “pessimistic” in the short run about the

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  • November 17, 2020
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Chris Hayes, Jeff Goldberg Smear Madison Cawthorn Using Fake Quote

Soon-to-be the youngest member of Congress, North Carolina Republican Madison Cawthorn has already faced a media onslaught that dishonestly cast a 2017 Instagram post, which showed his visit to Adolf Hitler’s World War II retreat, as neo-Nazi propaganda. Members of the elite press rekindled their misguided outrage on Monday in response to a quote that was falsely attributed to Cawthorn.

In a wide-ranging interview with Jewish Insider, Cawthorn admitted that “it does not look like Donald Trump is going to be the president,” described sharing common ground with Joe Biden on “infrastructure reform,” and expressed an interest in reforming America’s “terrible” foreign policy. He also said he was “looking forward” to meeting Representative Alexandria Ocasio-Cortez (D., N.Y.) — whom he described as someone “of conviction.”

For the mainstream press, however, the major takeaway was Cawthorn’s comment about his religious convictions.

“Newly Elected GOP Congressman Madison Cawthorn Has Tried

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  • November 17, 2020
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Bill to launch N.J. legal weed industry is back on track, could pass by Monday

New Jersey could be less than a week away from passing a bill that will launch the legal weed industry after lawmakers agreed to impose an additional tax on growers that could one day boost marijuana tax revenue to $450 million, NJ Advance Media has learned

Sen. Nicholas Scutari, D-Union, said his bill (S21) will be amended to include a tax on marijuana growers. It would start as just a fraction of a penny but increase over time as the price of marijuana falls.

Scutari also said other changes to the bill will offer greater protections to workers who want to use marijuana while off the clock.

The new details were first reported on NJ.com’s exclusive text-messaging service included with a subscription.

The bill is now on a fast track.

Lawmakers have rescheduled both Senate and Assembly committee hearings on the bill for Thursday, and could have votes in the

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  • November 17, 2020
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Pure Pool is bringing smooth 8 ball action to Switch today

Over six years on from its initial launch, Pure Pool is finally coming to Nintendo Switch. This 8 ball adventure is all about chilling out, lining up, and taking on your opponent across a variety of different modes. This version also comes bundled with all the released DLC so far to make a complete experience.

Developer Ripstone Games has gone over exactly what the Switch version will deliver. From a technical standpoint, we’re getting 1080p in docked mode, 720p in handheld. Both modes run at 60 FPS, and going off the provided footage, it all looks very smooth. Pure Pool on Nintendo Switch looks exactly like its PC and console brother.

The game also takes advantage of all the Switch-exclusive features. Ripstone Games says Pure Pool offers the “full range of control options” that Switch supports, which in this case means touchscreen controls, plus “classic twin-stick Joy-Con controls, Nintendo Switch

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  • November 17, 2020
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Vermont added to CT’s travel advisory list | News

HARTFORD, CT (WFSB) – One state was added to Connecticut’s travel advisory list on Tuesday. 

Vermont was added to the impacted locations, and no states or territories were removed. 

The governor’s office continues to say that New Jersey, New York, and Rhode Island meet the criteria for the travel advisory, but due to the interconnected nature of the region, they are not being included on the list. 

At this time, Gov. Ned Lamont said he highly discourages all nonessential travel to New Jersey, New York, and Rhode Island. 

Over the summer, Connecticut joined New York and New Jersey to implement a regional travel advisory, which would limit people traveling into those three states from other areas that have a high spread of COVID-19.

Folks traveling into CT, NY, or NJ from any of the states on the list must quarantine for 14 days.

As of Nov. 17, the following locations

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  • November 17, 2020
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180 condos, new hotel, retail planned for Enka site

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The FIRC Group Inc., based in Asheville, plans to build a 148-room hotel, 180 multi-family condominiums and 10,300 square feet of retail space on a 27-acre site in Enka. These renderings show the hotel and condo buildings. (Photo: Studio Z Architecture)

ENKA – An Asheville hotel company plans to build a 148-room hotel, 180 multifamily condominiums and retail space on a 27-acre site in Enka.

The FIRC Group Inc. has filed an application for the project with the Buncombe County Board of Adjustment, which will conduct a hearing on the proposal at its 9 a.m. meeting Nov. 18. The Board of Adjustment has final say on such projects in Buncombe County.

More: Enka clock tower may be demolished to accommodate large distribution center

FIRC is the company that built the Cambria Hotel in downtown Asheville and the Country Inn & Suites near Westgate Shopping Center. The company, headed by

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  • November 17, 2020
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How to Build a Career Path in 3 Steps

In brief
  • Identify your core values.
  • Get advice from the people you admire.
  • Understand your skill set and how to articulate it.

Whether you are looking for a job for the first time or seeking to make a move in the middle of your career, having a plan is the surest way to find fulfillment and happiness in your professional life. It is better to forge a path than let yourself get too comfortable and complacent where you are, according to career coach Tracy Timm and recruitment trends expert Tony Lee. That can be a “recipe for disaster,” says Miss Timm. 

“If you and I want to bake a cake, we wouldn’t just haphazardly throw ingredients into a pan and put it all in the oven,” says Miss Timm. “We would look up a recipe and then we would follow the recipe to a tee to get to the outcome

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  • November 17, 2020
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Central Iowa restaurants open for Thanksgiving pickup orders

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If you can’t visit family due to the COVID-19 pandemic, host a virtual Thanksgiving dinner instead.

USA TODAY

The pandemic forced you to cancel Thanksgiving dinner with the extended family and you don’t want to make a 16-pound turkey for yourself. What to do?

Central Iowa restaurants are offering to-go Thanksgiving dishes and meal kits to simplify the holiday cooking. Treat yourself to a premade Thanksgiving meal, stay safe and support local restauranteurs along the way.

Here are some of the restaurants offering take-home Thanksgiving service this year. 

If a restaurant should be added to this list, please contact Katie Akin at [email protected]

AJ’s Steakhouse at Prairie Meadows

AJ’s offers two fixed-price Thanksgiving repasts: a $150 meal for four or a $250 meal for eight. The feast includes turkey and gravy, a salad, mashed potatoes, stuffing, green bean casserole, bread and a choice of homemade pies. 

Order deadline: Noon

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  • November 17, 2020
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Ilhan Omar cuts financial ties with husband’s political firm after paying it nearly $2.8M

Rep. Ilhan Omar is reportedly severing financial ties with her husband’s political consulting firm after previous payments totaling nearly $2.8 million ignited scrutiny and complaints to a campaign finance watchdog. 

In an email to supporters on Sunday, Omar, D-Minn., said her campaign was terminating its contract with E Street Group to “make sure that anybody who is supporting our campaign with their time or financial support feels there is no perceived issue with that support,” according to the Star Tribune, which first reported the news.

The contract was a lucrative one for E Street Group LLC, which is owned by Omar’s now-husband Tim Mynett: Her campaign reported paying the firm more than $1.6 million from the beginning of 2019 through July 22, 2020, according to Federal Election Commission data, on top of another $1.1 million in the third quarter of this year alone.

ILHAN OMAR’S CAMPAIGN PAID HER HUSBAND’S FIRM

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  • November 17, 2020