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Friday, Nov 16
2012, 9:43 AM
Other winners from the casino sector moving off the news Penn National Gaming will split off its...
Other winners from the casino sector moving off the news Penn National Gaming will split off its real estate assets into a REIT include Ameristar Casinos (ASCA +17.5%), Melco Crown (MPEL +4%), and Wynn Resorts (WYNN +2.9%). Though the fuse for the rally was lit by Penn's announcement, Las Vegas Sands CEO Sheldon Adelson tipped off a split of gaming and real estate assets could be part of the strategic game plan in the sector during the firm's Q3 earnings call earlier this month (transcript).