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Dover Downs Gaming & Entertainment Inc. Message Board

  • casinosubsidizer casinosubsidizer Apr 4, 2006 7:20 AM Flag

    PENN VS HET ???

    PENN national owns many racetracks in PA, with new slots regulation a company can only own 1 full casino and 1/3 of another. PENN could be preparing to divest some of it's race courses, and in so doing picking up DDE. This runup from 14.50 has been wild. With yesterday's volume, high's of 25. Deal could be done. It's possible HET got in a bidding war with PENN. HET has recently talked of expanding Ceasars brand and talked of Atlantic City expansion, when Ceasars operated DDE they listed it on there website under Atlantic City locations as a Ceasars casino. Ceasars managed DDE for 10 years ending Dec, 31 2004. Atlantic City expansion possibly would be in emenities, they are at there limit in hotels, they just had to divest the Atlantic City Hilton. Harrah's last year sponsered six Nascar races two of the six are races at Dover.

 
DDE
1.18+0.03(+2.61%)Apr 17 3:59 PMEDT