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Penn National Gaming: Workout or Worthless?Joe Ponzio • Tue, Feb 19, 2008 -
Penn National to Be Acquired for $6.1 BillionSA Editor Judith Levy • Mon, Jun 18, 2007
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Penn National Gaming, Inc. Q2 2010 Earnings Call TranscriptThu, Jul 22, 2010 • 1 Comment
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Penn National Gaming, Inc. Q1 2010 Earnings Call TranscriptFri, Apr 23, 2010
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Penn National Gaming Inc. Q4 2009 Earnings Call TranscriptThu, Feb 4, 2010 • 1 Comment
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Penn National Gaming Inc. Q3 2009 Earnings Call TranscriptWed, Oct 21, 2009
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Penn National Gaming Inc. Q2 2009 Earnings Call TranscriptWed, Jul 29, 2009
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Penn National Gaming, Inc. Q1 2009 Earnings Call TranscriptThu, Apr 23, 2009
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Penn National Gaming Q4 2008 Earnings Call TranscriptThu, Feb 5, 2009
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Business Wire (May 29, 2013)
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at CNBC.com (May 20, 2013)
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at CNBC.com (May 17, 2013)
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Business Wire (May 14, 2013)
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Business Wire (May 10, 2013)
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Business Wire (May 1, 2013)
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Business Wire (May 1, 2013)
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Business Wire (Apr 26, 2013)
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Business Wire (Apr 12, 2013)
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Business Wire (Apr 2, 2013)
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GlobeNewswire (Mar 26, 2013)
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at Fox Business (Mar 15, 2013)
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Business Wire (Feb 27, 2013)
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Business Wire (Jan 22, 2013)
PENN vs. ETF Alternatives
Company Description
We are a leading, diversified, multi-jurisdictional owner and manager of gaming and pari-mutuel properties. The Company was incorporated in Pennsylvania in 1982 as PNRC Corp. and adopted its current name in 1994, when the Company became a public company. In 1997, we began our transition from a... More
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- | On the move
- Monday, June 10, 12:32 PM Nevada casino revenue came in at $854M for April, down 0.2% Y/Y and 0.7% lower M/M. Las Vegas Strip casinos (LVS, MGM, WYNN, PENN, ASCA, BYD, CZR) underperformed the rest of the state with gaming revenue slipping 2.3% Y/Y to $448.6M. Comment! [Consumer]
- Friday, June 7, 1:04 PM Don't give up on the potential that Penn National Gaming (PENN +0.1%) could spin off its real estate assets into a REIT despite the reported crackdown by the IRS. The company has a private letter ruling on the issue from the IRS in its back pocket, according to dealReporter. Comment! [Consumer]
- Thursday, June 6, 7:47 PM Some others taking hit in the post-session on Iron Mountain's (IRM) IRS REIT conversion news: Lamar Advertising (LAMR -7.7%) and Penn National Gaming (PENN -1.5%). Comment! [On the Move]
- Wednesday, June 5, 1:15 PM The current session of the Nevada legislation is moving along quite nicely for the casino industry (MGM, WYNN, BYD, PENN, ASCA, PNK, CZR, LVS, BJK). Bills to legalize online poker in the state and to protect large casino properties from slot machine parlors and establishments with sports betting kiosks have both passed, while a bill that would see casino employees avoid state taxes on comped meals looks likely to pass. (Previous: Vegas casino stocks falling faster than Macau plays) Comment! [Consumer]
- Monday, May 13, 8:32 AM Nomura is out with a series of price target hikes for gaming stocks on the back of a new report on Macau which "compares the supply demand outlook today … with that of Las Vegas in 1990-2005." Price target rundown: Wynn Resorts (WYNN) to $155 from $147, Penn National (PENN) to $66 from $60, MGM to $16 from $13.50, Boyd (BYD) to $9 from $7, and Las Vegas Sands (LVS) to $67 from $62. 3 Comments
- Wednesday, May 1, 10:48 AM Springfield, Massachusetts Mayor Domenic Sarno says the city picked MGM Resorts (MGM -3.5%) over Penn National Gaming (PENN -0.4%) as its candidate to land the sole casino license in the western part of the state. The next step will be approval by voters in a referendum. Comment! [Consumer]
- Friday, April 26, 7:56 AM It won't be seen on the transcript (read it here), but Steve Wynn seemed to literally slam the table as he brought home the point during Wynn Resorts' (WYNN) earnings call that regional casinos are nothing but "boxes of slots." The exec is convinced that the premium Wynn experience will play well in new markets such as Boston and Philadelphia where the firm is vying for licenses to pressure regional operators. The burning sector question: How much of a hit will regional casino operators (PENN, MCRI, ASCA, ISLE, BYD, CNTY, PNK) take as big Vegas companies expand more into their turf? 1 Comment [Consumer]
- Monday, April 22, 10:11 AM MGM Resorts (MGM -0.7%) and Penn National Gaming (PENN -0.9%) are in a good old street fight as both casino companies open storefronts in downtown Springfield, Massachusetts to win over local citizens. The companies are in a pitched battle for the sole casino license in the area. Comment! [Consumer]
- Thursday, April 18, 7:05 AM Penn National Gaming (PENN): Q1 EPS of $0.63 misses by $0.02. Revenue of $798.2M misses by $6.14M. (PR) 1 Comment [Earnings, Breaking News, Financials]
- Thursday, April 18, 12:05 AM Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ Comment! [Earnings]
- Wednesday, April 17, 5:30 PM Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ Comment! [Earnings]
- Wednesday, April 10, 10:17 AM Casino stocks (BJK) are reacting to a report from the Nevada Gaming Control Board that revenue on the Las Vegas Strip rose 31.7% Y/Y in February to $696M. The news helps take much of the sting off of the poor performance for January. (full gaming win report .pdf) 3 Comments [Consumer]
- Thursday, April 4, 8:58 AM Gaming companies in Nevada are asking the state legislature to restrict the growth of strip mall slot machine parlors and sports betting kiosks as the proliferation of smaller gambling outlets starts to threaten the casino model. The big picture: Though they still hold most of the cards, look for intensified lobbying from casino execs as online ventures and looser gambling laws continue to chip away at the industry. Comment! [Consumer]
- Wednesday, April 3, 10:42 AM Casino stocks trade sluggishly as Zynga's push into real-money gaming in the U.K. appears to make it a more formidable threat to the sector. Though nearly all the brick-and-mortar gaming companies are involved in extensive planning for the expected opening up of online gambling in the U.S., pure Internet companies are still set to have lower cost structures and the ability to move more nimbly. Sector watch: Caesers Entertainment (CZR) -2.5%, Las Vegas Sands (LVS) -2.3%, Boyd Gaming (BYD) -2.2%, Wynn Resorts (WYNN) -2.1%, MGM Resorts (MGM) -2%, Penn National Gaming (PENN) -1.4%. 2 Comments [Consumer, On the Move]
- Friday, March 22, 1:20 PM Is casino growth tapped out in the U.S? Documents filed in the bankruptcy case of Atlantic City's Revel estimates the casino property is now worth only $246M-$331M after costing close to $2.4B. The development follows other news from regional players across the U.S. of casino companies taking market share from each other as saturation becomes a factor. Another fly in the ointment for future brick-and-mortar growth is the tantalizing prospect for online gambling. 15 Comments [Consumer]
- Wednesday, March 6, 2:12 PM Recent data on gambling revenue in Pennsylvania highlights the potential danger of saturation within the gaming industry. With more East Coast casinos popping up, PA gaming revenue has now fallen off three straight months including a double-digit dip in February. Caesars Entertainment (CZR -0.2%), Penn National Gaming (PENN -0.8%), and Las Vegas Sands (LVS +2.8%) are among the gaming companies with operations in the state. 1 Comment [Consumer]