|Bid||0.00 x 800|
|Ask||0.00 x 3200|
|Day's Range||32.11 - 32.66|
|52 Week Range||24.32 - 35.18|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||25.25|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.17|
Harry Curtis of Nomura Instinet joins 'Power Lunch' to discuss the impact rising rates have on casino stocks and China-U.S. trade tariffs.
Recent transactions have put two St. Louis-area casinos in different hands and brought ownership of the real estate underlying all but one of the regional gaming facilities under a single company.
Pinnacle Master Lease amended to allow for the sale of the operating assets of three propertiesGLPI entered into a new Master Lease with Boyd Gaming to include three.
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”) announced today that it completed its previously announced acquisition of Pinnacle Entertainment, Inc. (PNK:Nasdaq) (“Pinnacle”) as well as the related divestitures to Boyd Gaming Corporation (BYD:NYSE) (“Boyd”) and the real estate transactions with Gaming and Leisure Properties, Inc. (GLPI:Nasdaq) (“GLPI”). The transaction further enhances Penn National’s position as North America’s leading regional gaming operator, with 40 facilities in 18 jurisdictions, including Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, and West Virginia.
NEW YORK, Oct. 15, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Penn National Gaming Inc., which is completing the acquisition of Pinnacle Entertainment Inc., fell as much as 9.6 percent in New York. Slot-machine maker Scientific Games Corp., which carries $8.9 billion in debt, lost more than 11 percent, and Caesars Entertainment Corp., which reported weaker trends in Las Vegas this summer, slumped 7.1 percent.
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”) announced that at meetings today, the Company received approval from the Nevada Gaming Commission (“NGC”) and Nevada Gaming Control Board (“NGCB”) in connection with its pending acquisition of Pinnacle Entertainment, Inc. (PNK) (“Pinnacle Entertainment”), subject to customary conditions. Today’s approvals represents the final required regulatory approvals necessary to complete the transaction and Penn National anticipates closing the transaction in mid-October, subject to the satisfaction or waiver of the remaining customary conditions to closing set forth in the merger agreement between Penn National and Pinnacle Entertainment.
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn” or the “Company”) announced today that the Federal Trade Commission (“FTC”) has cleared its pending acquisition of Pinnacle Entertainment, Inc. (PNK:Nasdaq) (“Pinnacle”), subject to the previously agreed divestitures of four Pinnacle properties to Boyd Gaming Corporation. The completion of the proposed transaction is contingent on the receipt of approval from one jurisdiction, as well as certain other customary conditions. The Company continues to expect to complete the transaction early in the fourth quarter.
The Ameristar Casino Hotel Kansas City, as well as three other Pinnacle Entertainment Inc. properties, are expected to become part of Las Vegas-based Boyd Gaming Corp.
The U.S. Federal Trade Commission on Monday approved casino operator Penn National Gaming Inc's $2.8 billion purchase of Pinnacle Entertainment Inc, requiring they divest assets in three Midwestern cities. The FTC said the companies should sell casino-related assets in Cincinnati, St. Louis and Kansas City, Missouri, to Boyd Gaming Corp. The cash-and-stock deal, which would cement Penn National's position as the leading U.S. regional gaming operator, was announced in December.
Macau's gaming revenues in September are likely to be impacted Typhoon Mangkhut. MGM Resorts to buy Rocksino from MGM Growth Properties.
EXL (EXLS), a leading operations management and analytics company, today announced that Jaynie Studenmund, a seasoned executive with significant experience advising and leading digital companies, has been appointed to the Company’s Board of Directors as an independent director effective September 7, 2018. Ms. Studenmund will also be a member of the Audit and Compensation committees of the Board. “EXL will greatly benefit from Jaynie’s superior track record as a director of companies that have been early adopters of digital technology and the disruption of business models such as LifeLock, Orbitz, aQuantive and eHarmony.” said Garen Staglin, Chairman of the Board of EXL.
Macau gambling sales rises in August. Meanwhile, Penn National was given a green signal by Missouri Gaming Commission for the pending buyout of Pinnacle Entertainment.
Pinnacle Entertainment, Inc. (PNK) (“Pinnacle” or the “Company”) today announced that the Company has opened a full-service, dedicated sports wagering venue at Ameristar Casino Hotel Vicksburg in Mississippi. The new sports wagering venue at Ameristar Vicksburg is called The End Zone, and represents the largest full-service sports wagering experience in central Mississippi. Anthony Sanfilippo, Chief Executive Officer of Pinnacle Entertainment, commented, “The guests of Pinnacle Entertainment in the Southeastern United States are among the most passionate sports fans in the country.
The daily bar chart below shows that PNK's sideways movement has brought it near the rising 200-day moving average line. Prices are below the declining 50-day moving average line, and the daily On-Balance-Volume (OBV) line shows a May peak. This weekly bar chart shows a mixed picture for the stock.
NEW YORK, Aug. 08, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Medical ...
Moody's Investors Service today confirmed the Ba3 Corporate Family Ratings for both Penn National Gaming, Inc. ("Penn") and Pinnacle Entertainment, Inc. ("Pinnacle"). Both companies were placed under review for downgrade on December 19, 2017 following the announcement that Penn will acquire Pinnacle in a cash and stock transaction valued at approximately $2.8 billion. Penn's and Pinnacle's Ba2 senior secured and B2 senior unsecured ratings were also confirmed.
Pinnacle Entertainment (PNK) delivered earnings and revenue surprises of -17.14% and -1.53%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Las Vegas-based company said it had net income of 35 cents. Earnings, adjusted for pretax gains, came to 29 cents per share. The results missed Wall Street expectations. The average ...
LAS VEGAS, Aug. 02, 2018-- Pinnacle Entertainment, Inc. today reported financial results for the second quarter ended June 30, 2018. The results reflect the Company’ s adoption of the new revenue recognition ...
-Completes Refinancing of all 2018 Debt Maturities with Attractive Long-Term Interest Rates-- Declares 2018 Third Quarter Dividend of $0.63 per Common Share-- Establishes 2018 Third Quarter and Revises ...
Pinnacle Entertainment, Inc. (PNK) announced today that it will release its 2018 second quarter financial results on Thursday, August 2, 2018. As previously announced, on December 17, 2017, Pinnacle Entertainment, Inc. (“Pinnacle”) entered into an agreement and plan of merger with Penn National Gaming, Inc. (PENN) (“Penn”), pursuant to which Penn will acquire all of the outstanding common shares of Pinnacle in a cash and stock transaction. Under the terms of the agreement and plan of merger, Pinnacle stockholders will receive $20.00 in cash and 0.42 shares of Penn common stock for each Pinnacle share.