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Stock Market & Financial Investment News

News Breaks
November 15, 2012
17:38 EDTPENNPenn National intends to separate real estate, operating assets
Penn National Gaming announced that it intends to pursue a plan to separate its gaming operating assets and real property assets into two publicly traded companies including an operating entity, Penn National Gaming, and, through a tax-free spin-off of its real estate assets to holders of PENN common stock, a newly formed, publicly traded real estate investment trust, subject to required gaming regulatory body approvals.
News For PENN From The Last 14 Days
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April 24, 2014
07:11 EDTPENNPenn National sees Q2 EPS 6c, consensus 15c
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07:10 EDTPENNPenn National lowers FY14 EPS view to 12c from 24c, consensus 26c
Lowers FY14 revenue view to $2.51B from $2.63B, consensus $2.64B. Sees Horseshoe Baltimore opens in early September 2014, impacting Hollywood Casino at Charles Town Races; Belterra Park in Cincinnati opens in early May 2014, impacting Hollywood Casino Lawrenceburg; Hollywood Gaming at Dayton Raceway opens in the fall of 2014, impacting Hollywood Casino Columbus; Hollywood Gaming at Mahoning Valley Race Track opens in the fall of 2014; and Operations from the Company’s Argosy Casino Sioux City facility cease as of July 1.
07:07 EDTPENNPenn National reports Q1 EPS 5c, consensus 5c
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April 16, 2014
11:02 EDTPENNPenn National in partnership with Cordish to pursue NY opportunity
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April 14, 2014
14:06 EDTPENNNew Jersey reports March Atlantic City gaming win down 2.2% to $233.4M
New Jersey reported total gaming win from the casino hotels and Internet gaming operations was $233.4M in March, a 2.2% decline compared to the casino win for the same month of last year, including Atlantic Club. Casino win from the eleven casino hotels open in both March 2013 and 2014 decreased by 1.9%. Internet gaming win increased 15.2% for the month, from $10.3M in February to $11.9M for March. 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).

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