Penn National Gaming (PENN) plans to split in two, separating its real estate assets from its...

|About: Penn National Gaming, Inc. (PENN)|By:, SA News Editor

Penn National Gaming (PENN) plans to split in two, separating its real estate assets from its operating assets via a publicly traded REIT and distribution of a $15.40/share dividend. PENN also says it submitted a proposal to Pennsylvania regulators for a $480M casino in Philadelphia. After a trading halt, shares +16.9% AH.