Penn Entertainment, Inc. News

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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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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