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Stock Market & Financial Investment News

News Breaks
March 11, 2014
13:10 EDTPENN, BYDBoyd shares could be worth $18-$25 in REIT deal, says FBR Capital
FBR Capital estimates Boyd Gaming (BYD) shares could be worth between $18-$25 should the company spin off its real estate assets into a REIT structure. FBR believes the timeline for such a deal should be much shorter than it was for Penn National (PENN). Shares of Boyd after trading higher today after activist Elliott Associates disclosed a stake. FBR has an Outperform rating on the stock with a $13 price target.
News For BYD;PENN From The Last 14 Days
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December 12, 2014
14:04 EDTBYD, PENNAtlantic City reports November gaming win down 10.3% to $202.5M
New Jersey reported total Atlantic City gaming win from current operators for the month of November was $202.5M, compared to the $181.7M for November 2013, reflecting an 11.5% increase. Total gaming win from the industry including discontinued operators reflects a 10.3% decrease compared to $225.7M in November 2013. As of November 30, 506,172 Internet gaming accounts have been created, up 5.7% from the 479,073 accounts as of October 31. For the month, Internet Gaming Win including discontinued operators was $8.7M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
December 8, 2014
10:47 EDTPENNPenn National management to meet with Wells Fargo
Dinner Meeting with Management to be held in New York on December 11 hosted by Wells Fargo.

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