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Stock Market & Financial Investment News

News Breaks
February 6, 2014
07:19 EDTPENN, GLPIPenn 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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March 5, 2015
07:23 EDTGLPI, PENNJPMorgan to hold a forum
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February 27, 2015
09:35 EDTPENNNevada reports January statewide gaming win up 7.75% to $952.7M
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February 24, 2015
07:30 EDTPENNJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
February 23, 2015
09:59 EDTPENNOn The Fly: Analyst Upgrade Summary
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07:08 EDTPENNPenn National upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded Penn National to Buy from Neutral. The firm views Penn National as the regional stock to own for a segment recovery and notes January 2015 gross gaming revenues had the biggest increase since 2006 and February is tracking strong. This, and improving low end consumer commentary at other operators and easy comps, makes risk-reward more favorable. Price target raised to $20 from $17.
06:22 EDTPENNPenn National upgraded to Buy from Neutral at BofA/Merrill
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