Penn Entertainment, Inc. News

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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A revived locals market could push Station Casinos to IPO
25 Feb 2015

During the Station Casinos’ fourth-quarter earnings conference call a week ago, an analyst asked if the privately held casino company would be publicly traded once again.

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Hollywood Poker Open Championship Weekend dates announced
5 Feb 2015

The Season 3 Championship Event will be held June 26-28 at Las Vegas M Resort Spa Casino. New additions include a Tour Leaderboard, a Seniors Championship and Seniors Tour Leaderboard.

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Inside Gaming: Will falling gas prices, rising consumer confidence help regional casinos?
2 Feb 2015

Whether this translates into more dollars in casino drop boxes is still up for debate.

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One-time charge hurts Penn National fourth quarter results
30 Jan 2015

Penn National said its net loss of $250.4 million for the quarter that ended Dec. 31 was primarily due to a $316.5 million non-cash charge.

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Slots 'lock-up' law could cost millions
23 Jan 2015

Under the Massachusetts law authorizing up to three casinos and a slot parlor, operators are required to stop a gambling machine transaction once someone wins $600.

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Regional casino markets show renewed life
1 Dec 2014

As a whole, share prices of regional casino companies — including Boyd Gaming, Pinnacle Entertainment, Penn National Gaming and Isle of Capri Casino — have outperformed the S&P by 19 percent in 2014.

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Analysts favor Caesars move to put key unit into REIT
24 Nov 2014

Fitch Ratings Service said in a report, however, the spinoff won’t prevent Caesars from having to go through bankruptcy reorganization to restructure its $22.8 billion debt.

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Caesars studying placing largest operating division into REIT
20 Nov 2014

Caesars, which has been in talks with banks and lenders in an attempt to restructure its $22.8 billion debt, said the real estate investment trust was one option being discussed.

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AGA making its voice heard on major gaming issues
12 Nov 2014

AGA CEO Geoff Freeman said the AGA should be the group to clear up misconceptions or untruths about a regulated casino industry. That’s what the organization did in Massachusetts, and will do in other markets.

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Pinnacle Entertainment plans to split off casinos into a REIT
7 Nov 2014

If successful — Las Vegas-based Pinnacle said the process could take up to a year to complete — the company will become two publicly traded entities.

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MGM officially awarded Massachusetts gaming license
6 Nov 2014

The process was been put hold until a ballot question that sought to repeal the state’s casino law was decided. On Tuesday, Massachusetts voters overwhelmingly rejected the referendum.

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Bay State voters choose to preserve fledgling casino industry
5 Nov 2014

Massachusetts voters saved the state’s fledgling casino industry Tuesday by overwhelmingly rejecting a ballot referendum that would have tossed a three-year-old gaming law.

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Possible Boyd spinoff into REIT excites investors
5 Nov 2014

Shares of Boyd jumped almost 5 percent in value on the New York Stock Exchange last Friday, the day after the company said it spent $3 million on advisers to evaluate the idea of a REIT.

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