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Stock Market & Financial Investment News

News Breaks
April 25, 2014
07:37 EDTCZR, PENN, NYNY, PNKCaesar's, Penn National among 22 to submit NY casino proposals, NYT says
22 companies, including big names such as Caesar's (CZR), Penn National (PENN), Empire Resorts (NYNY) and Pinnacle Entertainment (PNK), submitted proposals in the first step of what is expected to be an intense bidding process to be selected to develop the four new casinos approved to be built in New York State, reported The New York Times. Formal bids on the casinos are due June 30, with the board expected to make final decisions by early fall, the report noted. Reference Link
News For CZR;PENN;NYNY;PNK From The Last 14 Days
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October 17, 2014
08:00 EDTCZRCaesar's prepared to begin formal discussions with certain bank debt creditors
Caesars and its subsidiary Caesars Entertainment Operating Company announced that they have executed non-disclosure agreements with certain beneficial holders of debt issued by CEOC, including senior secured term loans, pursuant to the third amended and restated credit agreement, dated as of July 25, 2014, enabling the commencement of formal discussions with the Bank Lenders.
October 15, 2014
14:10 EDTPENN, CZRPennsylvania reports September gaming revenue down 2.2% to $239.5M
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14:06 EDTPENN, CZRAtlantic City reports September gaming win down 12.8% to $209.4M
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October 14, 2014
11:28 EDTCZROptions with increasing implied volatility
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October 13, 2014
12:33 EDTCZROptions with increasing implied volatility
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10:02 EDTPENNPenn National exceeds construction diversity vendor goals of Plainridge Casino
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October 10, 2014
16:22 EDTCZROn The Fly: Closing Wrap
Stocks on Wall Street had a bit of a see-saw trading day, but ended the session in the red once again. The Nasdaq took the brunt of the losses, falling over 2%, while the Dow's slide erased its gains for the year. ECONOMIC EVENTS: In the U.S., the import price index fell 0.5% in September, versus expectations for a 0.7% decline. Oil slumped to a four-year low during the session, as brent crude touched $88.11 intra-day, its lowest level since December 2010. COMPANY NEWS: The semiconductor sector was weak across the board after one of the companies in the space, Microchip Technology (MCHP), warned that it believes the sector has entered a correction. Microchip President and CEO Steve Sanghi claimed his company often sees the turn of the semiconductor industry ahead of others, noting that it does business with over 80,000 customers and that it built a significant amount of inventory in the distribution channel in the September quarter. Sanghi stated, "We believe that another industry correction has begun and that this correction will be seen more broadly across the industry in the near future. Microchip, which also pre-announced weaker than expected second quarter revenue, dropped $5.58, or 12.26%, to $39.96. Intel (INTC) fell $1.71, or 5.09%, to $31.91, Avago (AVGO) declined $9.24, or 11.46%, to $71.36, Texas Instruments (TXN) slipped $3.28, or 7.13%, to $42.74 and Micron (MU) dropped $2.71, or 8.86%, to $27.93. MAJOR MOVERS: Among the notable gainers was Exact Sciences (EXAS), which rallied $6.48, or 35.76%, to $24.60 after the company announced last night that the Centers for Medicare & Medicaid Services, or CMS, had agreed to cover the company's colorectal cancer and pre-cancer test through Medicare. Also higher was Dave & Buster (PLAY), which gained $1.28 to $17.28 after commencing trading on the Nasdaq following its initial public offering. Among the noteworthy losers was Procera Networks (PKT), which was downgraded by at least four research firms and plunged $2.85, or 33.33%, to $5.70 after the company warned its Q3 revenue will miss expectations. Also lower were shares of Caesars (CZR), which dropped $1.92, or 17.36%, to $9.14 after disclosing in a regulatory filing that its Chief Accounting Officer resigned to accept a position with another company. INDEXES: The Dow fell 115.15, or 0.69%, to 16,544.10, the Nasdaq plunged 102.10, or 2.33%, to 4,276.24, and the S&P 500 dropped 22.08, or 1.15%, to 1,906.13.
12:45 EDTCZRCaesar's names Keith Causey Chief Accounting Officer
Caesars Entertainment Corporation announced the appointment of Keith Causey as senior VP and Chief Accounting Officer. He replaces Diane Wilfong, who has left the company to pursue another opportunity. There are no disagreements between Wilfong and Caesars Entertainment regarding the company's financial reporting, operations, policies or practices.
07:42 EDTCZRCaesar's reports resignation of Chief Accounting Officer
Caesars Entertainment disclosed in a regulatory filing that on October 6 Diane Wilfong resigned as SVP, Controller and Chief Accounting Officer to accept a position with another company. Her resignation will be effective on October 31. The company has identified a successor and expects to make an announcement shortly, Caesar's noted.
October 8, 2014
08:39 EDTCZRCaesar's subsidiary receives purported Notice of Default
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October 7, 2014
08:06 EDTNYNYEmpire Resorts says MCR becomes NY's first 18 and over gaming facility
Empire Resorts announced that it will no longer permit individuals under the age of 18 years of age to enter Monticello Casino & Raceway. With the authorization from the New York State Gaming Commission, in an effort to prevent underage gambling at MCR, beginning October 10, 2014, Empire will implement a new policy that requires individuals to be 18 years of age or older to enter and remain in MCR. Prior to the implementation of this new policy, underage individuals, with adult supervision, were permitted in certain non-gaming areas of MCR. The purpose of this new policy is to serve as a deterrent to adults who are tempted to permit their underage children to join them on the gaming floor, as well as to remove the temptation of unauthorized gambling by youth who may attempt to sneak on the gaming floor and who are too young to recognize the risks associated with underage gambling.

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