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Stock Market & Financial Investment News

News Breaks
February 6, 2014
07:19 EDTGLPI, PENNPenn National sees Massachusetts Gaming Commission decision later this monthGaming and Leisure Properties
Penn National (PENN) said, ďLater this month, we expect a decision from the Massachusetts Gaming Commission regarding our application for the stateís sole Category 2 gaming license...We look forward to the Massachusetts Gaming Commissionís decision later this month and believe we are the best suited among the three competitors for the license to maximize revenue to the state on a near- and long-term basis. In this regard, if selected, and at the Gaming Commissionís discretion, Penn National Gaming is prepared to open a temporary facility as early as the third quarter of this year with the permanent facility opening planned for the first half of 2015...in Pennsylvania, we have a proposal being considered by the Pennsylvania Gaming Control Board for a new gaming and entertainment destination in Philadelphia, where we are one of five applicants. We are also working on the development of an integrated racing and gaming facility in Lawrence County, near Pittsburgh, the last of the Category 1 sites in Pennsylvania. A decision on the Philadelphia proposal is expected in the second quarter of 2014. If selected, GLPI is committed to provide funding for certain parts of both of these projects."
News For PENN;GLPI From The Last 14 Days
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January 26, 2015
08:41 EDTGLPI, PENNRegional gaming outlook has improved, says Wells Fargo
Wells Fargo is more upbeat on regional gaming stocks, citing improving same-store trends within the sector, significantly lower gas prices which the firm thinks could boost regional gaming companies, and a slowdown in supply growth within the sector. The firm also cited improving casual dining trends, which it says are highly correlated with regional gaming trends, as a reason for its increased optimism. It keeps Outperform ratings on Churchill Downs (CHDN), Gaming and Leisure (GLPI), and Penn National (PENN).
January 21, 2015
07:19 EDTPENNPenn National long trade in 'early innings,' says Deutsche Bank
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January 14, 2015
14:02 EDTPENNNew Jersey reports Atlantic City gaming win down 11.2% to $190.5M in December
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January 13, 2015
08:52 EDTPENNPenn National price target raised to $17 from $14.50 at FBR Capital
FBR raised its estimates and price target for Penn National Gaming after its analysis of monthly regional data points indicated potential upside in Q4. The firm says it remains it remains a buyer of the stock with an Outperform rating.

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