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Stock Market & Financial Investment News

News Breaks
January 9, 2014
09:08 EDTPENNPenn National names Snowden to COO, Fair to Chief Development Officer
Penn National announced that Jay Snowden, who has served as senior vice president, regional operations since October 2011, has been named senior vice president, COO, effective immediately. The role of COO was previously held by Timothy Wilmott, who was named CEO in November 2013 concurrent with the spin-off of Gaming and Leisure Properties from the company. Penn also announced that effective January 6, William Fair was appointed senior vice president, Chief Development Officer, a position previously held by Steven Snyder who assumed the role of senior vice president, corporate development at GLPI at the time of the spin-off.
News For 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.
June 26, 2015
09:32 EDTPENNNevada 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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