|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||21.36 - 22.30|
|52 Week Range||18.76 - 36.90|
|Beta (3Y Monthly)||2.24|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.92|
BOSTON, Dec. 18, 2018 /PRNewswire/ -- DraftKings Inc. announced today that it has reached a licensing agreement with an affiliate of Penn National Gaming, Inc. (PENN), the operator of Hollywood Casino at Charles Town Races in West Virginia. The agreement allows sports fans in the Mountain State to access DraftKings Sportsbook, the leading mobile and online sports betting platform, pending regulatory approvals. "We are thrilled to work with Penn National Gaming to bring our online sportsbook product to West Virginia," said Matt Kalish, Chief Revenue Officer and co-founder of DraftKings.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying for a while now that the current market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the fourth quarter, […]
Restoration Hardware, Penn National Gaming, American Eagle Outfitters, Costco Wholesale and Adobe highlighted as Zacks Bull and Bear of the Day
While the market driven by short-term sentiment influenced by uncertainty regarding the future of the interest rate environment in the US, declining oil prices and the trade war with China, many smart money investors are keeping their optimism regarding the current bull run, while still hedging many of their long positions. However, as we know, […]
Inc. it accomplished not only its well-timed acquisition of peer regional gaming operator Pinnacle Entertainment Inc., it also announced the acquisition of other regional casino properties, making it the largest regional gaming operator in the U.S. Penn likely ended up with a savvy purchase of Pinnacle despite increasing competition in the regional gaming space. In addition to the Pinnacle acquisition, Penn has recently moved to purchase casinos in Michigan and Louisiana that will further expand Penn’s geographic diversification. Meanwhile, Penn’s expansion together with increasing capital expenditures has caused an increase in leverage.
Penn National Gaming (PENN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
New program to expand and enrich Penn National's player database, driving customer loyalty and increasing revenue through data-driven insights Innovative application and on-site credit card issuance capabilities ...
Penn National (PENN) is known for its acquisition strategies, which helps the company to expand its presence and improve revenue yields.
While Las Vegas Sands (LVS) has an edge over MGM Resorts (MGM) in terms of projected EPS, the latter has a better debt-to-asset ratio.
rose nearly 8% Wednesday to close at $21.32 a share on news that the gambling company is buying Detroit's Greektown Casino-Hotel's operations for $300 million from Cleveland Cavaliers owner Dan Gilbert. Gilbert, who founded Detroit-based Quicken Loans and has long worked on redeveloping his native Detroit, also agreed to sell the casino property itself to real estate investment trust VICI Properties Inc. VICI's shares fell 0.1% to $21.44 on the news.
An investment arm of Quicken Loans founder and billionaire Dan Gilbert said on Wednesday it agreed to sell the Greektown Casino-Hotel in Detroit to a real estate investment trust and a partner for $1 billion, in a sign of industry consolidation. VICI Properties Inc, which owns Caesars Palace in Las Vegas and other gaming sites, will acquire the land and real estate assets of Greektown for about $700 million, said JACK Entertainment LLC, an affiliate of Athens Acquisition LLC, whose majority shareholder is Gilbert.
Penn National will pay $55.6 million in rent annually for 15 years with options to renew the lease four times for five years each. Penn National, which expects to finance the deal with cash on hand and debt, is acquiring Greektown from Jack Entertainment LLC. Greektown Casino-Hotel, opened in 2000, features 100,000 square feet of casino space, about 2,700 gambling machines and 60 table games among other amenities and features. The deal, expected to close in mid-2019, will increase Penn National’s portfolio of facilities to 41.
Dan Gilbert, the founder and chairman of Quicken Loans, agreed to sell Greektown Casino for $1 billion. Greektown was opened in 2000 and contains approximately 2,700 gaming machines and 60 table games along with a 400-room luxury hotel and 14,000 square feet of event and catering space. For the city of Detroit, the purchase is a vote of confidence in the vitality of downtown from one of the leading regional casino operators in the country.
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”), announced today that it has entered into a definitive agreement to acquire the operations of Greektown Casino-Hotel in Detroit, Michigan (“Greektown”) for approximately $300 million in cash. Simultaneous with the closing of the transaction, Penn National will enter into a triple net lease agreement with VICI Properties Inc. (VICI) (“VICI”) for the Greektown facility.
Penn National's (PENN) margin-improvement initiatives and acquisitions are the key growth drivers while competition creates headwinds for the company.
With shares of casino giant Wynn Resorts (WYNN) tanking in the wake of its latest earnings report, Ryan McQueeney explains how growth & income investors can find better options by focusing on REITs that own gaming properties.
NEW YORK, Nov. 06, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
LAS VEGAS, Nov. 05, 2018 -- Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), the casino gaming industry’s single source provider of gaming products and financial.