PNK - Pinnacle Entertainment, Inc.

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  • Legal betting to generate $4.2B for major U.S. sports
    Yahoo Finance Video2 months ago

    Legal betting to generate $4.2B for major U.S. sports

    The American Gaming Association is out with a new report that says legal sports betting is projected to generate an additional $4.2 billion dollars for the NFL, MLB, NHL, and NBA every year. Yahoo Finance's Seana Smith, Adam Shapiro, and Dan Roberts discuss along with Third Seven Advisors chief strategist Michael Block.

  • Some of the casino sector will be hit by China, says Nomu...
    CNBC Videos2 months ago

    Some of the casino sector will be hit by China, says Nomu...

    Harry Curtis of Nomura Instinet joins 'Power Lunch' to discuss the impact rising rates have on casino stocks and China-U.S. trade tariffs.

  • The Wall Street Journal12 days ago

    [$$] Penn National Gaming: Bulking Up

    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.

  • GlobeNewswire2 months ago

    Gaming and Leisure Properties, Inc. Announces Third Quarter 2018 Results

    - Completes Acquisition Financing -- Establishes 2018 Fourth Quarter and Revises Full Year Guidance -- Completes Acquisition of the Real Estate Assets of Tropicana Entertainment.

  • St. Louis casino operations, real estate change hands
    American City Business Journals2 months ago

    St. Louis casino operations, real estate change hands

    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.

  • GlobeNewswire2 months ago

    Gaming and Leisure Properties, Inc. Announces Completion of Acquisitions and Lease Modifications to Accommodate the Acquisition of Pinnacle Entertainment, Inc. by Penn National Gaming, Inc.

    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.

  • Business Wire2 months ago

    Penn National Gaming Completes Acquisition of Pinnacle Entertainment

    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.

  • GlobeNewswire2 months ago

    Consolidated Research: 2018 Summary Expectations for Lancaster Colony, Pioneer Natural Resources, Essex Property Trust, PRA Health Sciences, Pinnacle Entertainment, and Laredo Petroleum — Fundamental Analysis, Key Performance Indications

    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,.

  • Business Wire3 months ago

    Penn National Gaming Secures Approval from Nevada Gaming Regulators in Connection with Its Pending Acquisition of Pinnacle Entertainment

    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.

  • Business Wire3 months ago

    Penn National Gaming Secures Federal Trade Commission Clearance of Its Pending Acquisition of 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.

  • FTC orders sale of KC casino
    American City Business Journals3 months ago

    FTC orders sale of KC casino

    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.

  • Reuters3 months ago

    U.S. FTC approves Penn National's purchase of Pinnacle with divestitures

    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.

  • Gambling Stock Roundup: Mangkhut to Hit Macau Revenues, MGM to Buy Rocksino
    Zacks3 months ago

    Gambling Stock Roundup: Mangkhut to Hit Macau Revenues, MGM to Buy Rocksino

    Macau's gaming revenues in September are likely to be impacted Typhoon Mangkhut. MGM Resorts to buy Rocksino from MGM Growth Properties.

  • Gambling Stock Roundup: Macau Gambling Sales Impress, PENN & PNK Buyout Okayed, PlayAGS Seals Deal With GVC Holdings
    Zacks4 months ago

    Gambling Stock Roundup: Macau Gambling Sales Impress, PENN & PNK Buyout Okayed, PlayAGS Seals Deal With GVC Holdings

    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.

  • Penn National Gaming Poised for Growth on Sports Betting
    Zacks4 months ago

    Penn National Gaming Poised for Growth on Sports Betting

    Penn National Gaming (PENN) opens sports betting at Hollywood Casino Gulf Coast as well as Boomtown Casino Biloxi.

  • TheStreet.com4 months ago

    Some Chart Points to Watch on Pinnacle Entertainment

    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.

  • CNBC4 months ago

    Cramer's lightning round: Gamble on Pinnacle Entertainment

    Jim Cramer shares his take on callers' favorite stocks, including what casino stock investors should take a gamble on.

  • Moody's4 months ago

    Pinnacle Entertainment, Inc. -- Moody's confirms Penn National and Pinnacle Entertainment Ba3 CFR

    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) Lags Q2 Earnings and Revenue Estimates
    Zacks5 months ago

    Pinnacle Entertainment (PNK) Lags Q2 Earnings and Revenue Estimates

    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?

  • Associated Press5 months ago

    Pinnacle Entertainment: 2Q Earnings Snapshot

    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 ...