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Stock Market & Financial Investment News

News For CZR;PENN From The Last 14 Days
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July 6, 2015
07:14 EDTPENNPenn National Plainridge casino has strong first week, says Janney Capital
Janney Capital noted that Penn National's new Plainridge casino generated $6.1M in revenues for its first seven days and while the firm expects a fall-off from initial levels it also believes there will be upside to consensus estimates for the property. Janney has a Buy rating and $19 fair value estimate on Penn National shares.
July 2, 2015
08:57 EDTPENNPenn National Plainridge casino expectations too high, says Morgan Stanley
Morgan Stanley believes Penn National Plainridge Park casino consensus expectations for $250M revenue and $60M EBITDA in 2016 are too high. The firm said other city property openings within proximity suggest lower win, unit and spend, and will likely face capacity issues. Morgan Stanley rates Penn National an Underweight with a $15 price target and says risk/reward is unfavorable.
July 1, 2015
08:10 EDTCZRCaesar's appoints Mark Frissora as President and CEO
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June 30, 2015
06:47 EDTCZRCaesar’s CEO Loveman: I faced ‘every imaginable human catastrophe,’ WSJ says
Caesar's CEO Gary Loveman defended his tenure with the company after its leveraged buyout in January 2012, saying that he faced “every imaginable human catastrophe” while on the job, including “floods, hurricanes, building collapses, murders,” the Wall Street Journal reports. “This job has made me numb,” Loveman said at a speech at Stanford University in 2012, the report says. Reference Link
June 26, 2015
09:32 EDTCZR, PENNNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 24, 2015
09:13 EDTPENNPenn National’s Plainridge Park Casino debuts as Massachusetts’ first casino
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