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Stock Market & Financial Investment News

News Breaks
February 6, 2014
07:11 EDTPENNPenn National reports Q4 EPS with items ($11.40)
Reports Q4 net loss ($888.7M), or ($11.40) per share, which may not compare to consensus 13c. Reports Q4 revenue $644.7M, consensus $655.57M. Penn National Gaming (PENN) completed the tax-free spin-off to its shareholders of Gaming and Leisure Properties, Inc. (GLPI) on November 1, 2013. In connection with the spin-off, Penn National incurred a total of $1.06B of non-cash goodwill and other intangible assets impairment charges related to many of its properties and $14.1M of spin-off related expenses.
News For PENN From The Last 14 Days
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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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