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Analyst: Regional Casino Stocks 'Uniquely Positioned To Enjoy The Most Upside'

Las Vegas is struggling to recover from the coronavirus shutdown, but Bank of America analyst Shaun Kelley said Thursday regional U.S. casino operators have a golden opportunity to take advantage of the crisis climate."Sports/iGaming and margin expansion are the two most transformative themes in our coverage and Regional Gaming companies are uniquely positioned to enjoy the most upside," Kelley said.For investors, Kelley said Penn National Gaming, Inc (NASDAQ: PENN) is the best way to play sports betting and iGaming. Penn and Boyd Gaming Corporation (NYSE: BYD) also have relatively low exposure to the Las Vegas market, which is struggling due to a severe slowdown in air travel and major events.Expanding Margins: Kelley said margin expansion for regional casinos is being driven by three factors: * Reduction of lower-margin offerings, such as buffets. * More efficient marketing budgets. * Reduced staffing.For the month of July, gross gaming revenue from reporting states is...