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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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December 12, 2014
14:04 EDTPENNAtlantic City reports November gaming win down 10.3% to $202.5M
New Jersey reported total Atlantic City gaming win from current operators for the month of November was $202.5M, compared to the $181.7M for November 2013, reflecting an 11.5% increase. Total gaming win from the industry including discontinued operators reflects a 10.3% decrease compared to $225.7M in November 2013. As of November 30, 506,172 Internet gaming accounts have been created, up 5.7% from the 479,073 accounts as of October 31. For the month, Internet Gaming Win including discontinued operators was $8.7M. 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).
December 8, 2014
10:47 EDTPENNPenn National management to meet with Wells Fargo
Dinner Meeting with Management to be held in New York on December 11 hosted by Wells Fargo.

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