[MicroBob]

I saw Cramer's take on Penn today and I think he is slightly off.

I don't know if they are the only game in town in Aurora, Ill....but he also half-indicated that ALL of their properties are pretty much big fish in little ponds and this simply isn't true.

Hollywood in Tunica is hardly a big fish. It is one of the small-fish.
There are 9 casinos in Tunica and the Hollywood is definitely in the bottom-half of that group.
They might still be profitable there....dealers I know there indicate that they cut corners as best they can to save a buck here or there.

but Kramer's idea that Penn is simply in the market of scoring the tennyest markets possible isn't accurate.

It ain't as big as Vegas and I think he's probably correct that it's tough to win over any new market with the big mega-casinos in vegas (and that the amount of money you are putting into it makes it a bigger risk).

I would be curious if his take on Hollywood in Aurora is correct...because it certainly wouldn't apply to their Tunica property.