Penn Entertainment, Inc. News

IGT's losses reflect weakening state of US slot machine industry
26 May 2015

While some of the company's losses are the result of being acquired by GTECH, analysts believe that a host of other factors are also to blame.

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Pinnacle Entertainment rejects union proposals
22 May 2015

Stockholders voted to reject the proposals at the company's annual meeting on Tuesday.

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Inside Gaming: Purchase of Tropicana Las Vegas keeps alive Rat Pack-era name
20 May 2015

The transaction, which is expected to close by the end of the year, not only gives Penn its long sought-after address on the Strip, but keeps alive an historic name and a Rat Pack-era property.

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Scientific Games nearly doubles revenue and net loss
11 May 2015

The company lost $86.4 million even as revenue grew to $658.7 million in the first quarter, compared to income of $388.1 million during the same period a year ago.

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AGEM releases April 2015 index
7 May 2015

The AGEM index increased in April, showing stronger growth than the broader stock market.

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Penn National to buy Tropicana for $360 million
30 Apr 2015

The Strip hotel-casino on 35 acres at Tropicana Boulevard will be purchased for $360 million from its shareholders, the largest of which is a partnership between Onex and Alex Yemenidijan.

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Two casino companies report improved first-quarter results
27 Apr 2015

Two casino companies with Nevada ties had improved first-quarter results, including Las Vegas-based Pinnacle Entertainment which reported record net revenue.

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Report: Indian gaming revenue hits record $28.3 billion in 2013
30 Mar 2015

The $28.3 billion figure was a 0.5 percent increase over 2012 and a single-year record high.

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Long-term, negative side of REITs argued
24 Mar 2015

The short-term gains — tax benefits, a boost in stock prices and potentially lower debt — can be overshadowed by long-term issues.

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Plainridge Park Casino to open on June 24, 2015
23 Mar 2015

The first casino to open in Massachusetts will include nine dining and entertainment venues, live harness racing and over 1,200 slot machines and electronic table games.

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Hedge fund proposes REIT split for MGM Resorts
18 Mar 2015

MGM Resorts Chairman Jim Murren discussed the company forming a REIT last month during a quarterly conference call.

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Hedge fund says bid for Pinnacle real estate too low
16 Mar 2015

New York-based Orange Capital, which owns 5.9 percent of Las Vegas-based Pinnacle, said this week’s offer from Gaming and Leisure Properties Inc. to acquire the real estate associated with Pinnacle’s 15 regional casinos “dramatically undervalues” the company.

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Lower trigger for jackpots seen as costly for casinos
13 Mar 2015

The suggested move to reduce the trigger from $1,200 to $600 on jackpots for slot machines, keno and table games, was soundly criticized by gaming industry leaders as unnecessary and burdensome.

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REIT offers to buy real estate of Pinnacle Entertainment
10 Mar 2015

Gaming and Leisure Properties Inc. said in a statement the proposed transaction would create the third-largest triple-net REIT by enterprise value.

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Inside Gaming: Real estate investment trust concept could happen for MGM Resorts
9 Mar 2015

The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.

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