Penn Entertainment, Inc. News

Vote to reverse Bay State casinos appears losing — or will it?
3 Nov 2014

By all accounts, a referendum to undo Massachusetts’ casino law should get crushed in Tuesday’s election and lose by 15 to 20 percentage points.

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Boyd Gaming evaluating REIT spin-off
31 Oct 2014

Boyd Gaming CEO Keith Smith said Thursday the company is working with advisors to understand the feasibility of the process.

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REIT sues Cannery Casino Resorts over racetrack casino purchase
29 Oct 2014

Gaming and Leisure Properties, the real estate investment trust spin-off from Penn National Gaming, said Tuesday it was unclear what impact the lawsuit that was filed in New York would have on closing the transaction, which was announced in May.

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Timing right for suitors to pursue Full House
29 Oct 2014

A group of Full House investors, led by former Pinnacle Entertainment CEO Dan Lee, predicts better days for the casino operator if it can remake the board and map out a new direction.

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Penn National sees revenue, profits decline
24 Oct 2014

Penn said its net income for the quarter that ended Sept. 30 was $8.5 million, or 10 cents per share, down from $35.3 million or 34 cents per share a year ago.

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Synectics adds Penn premiers to growing North American gaming portfolio
8 Sep 2014

Two new Ohio Penn National Gaming casinos are the latest additions to the firm’s extensive portfolio.

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Penn National reverses second quarter net loss
25 Jul 2014

This, despite sluggish gaming revenue results from many Southern and Midwestern states in recent months.

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Orange Capital again wants Pinnacle Entertainment to split off REIT
25 Jul 2014

Orange Capital believes Pinnacle’s share price could increase between 60 percent and 90 percent in value if the Las Vegas-based company were to create a REIT.

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Isle of Capri Casinos shakes up corporate management
14 Jul 2014

On Thursday the St. Louis-based company announced a management shake-up at the corporate level, eliminating the executive chairman role with the board of directors and the chief strategic officer position.

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Massachusetts voters can decide casino issue, court rules
25 Jun 2014

The state’s highest court said Tuesday voters can ultimately decide if Massachusetts can have gaming.

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Penn National sees trouble on the horizon
9 Jun 2014

Penn National Gaming’s Hollywood Casino at Charles Town Races is feeling the brunt of neighboring Maryland’s gaming expansion, even though the state’s two newest casinos have yet to open.

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Pinnacle drops New York casino bid
22 May 2014

Regional casino operator Pinnacle Entertainment withdrew from consideration for one of four gaming licenses in New York, state gaming officials announced late Tuesday.

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Cannery Casino Resorts sells Pennsylvania racetrack casino
16 May 2014

The transaction, announced Wednesday, is subject to regulatory approval and expected to close by the end of the year.

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Cosmopolitan of Las Vegas sold to Blackstone Group for $1.73 billion
16 May 2014

The deal is subject to approval of Nevada gaming regulators.

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Penn National Gaming again views expansion on Strip
25 Apr 2014

Penn National Gaming, which owns M Resort, is again looking at the Strip for possible expansion opportunities.

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