Pinnacle Entertainment, Inc.
While the giant multi-billion dollar casinos in Macau, Singapore, and Las Vegas get all the attention because of their glamour, the regional casino players have a steady clientele and cater to the day tripper. As the U.S. economy has been recovering, locals are returning to their favorite casinos. In some respects, the regional players also benefit as it remains cheaper to visit a local or regional casino rather than more »
With the recent announcement that the deal had received an all-important blessing from the Nevada Gaming Commission, the $870 million proposed merger between Pinnacle Entertainment (NYSE: PNK) and Ameristar Casinos (NASDAQ: ASCA) is now much more likely to go through as planned. As one of the largest recent consolidation moves in the tepid gaming industry, this merger offers some important synergies and may provide investors with a powerful profit opportunity more »
The Baron fund family is a predominantly small- and mid-cap growth shop with a solid long-term record of performance and a history of owning companies for long periods of time. Growth investors should take a look at recent additions Pall Corp. (NYSE: PLL), Pinnacle Entertainment (NYSE: PNK), and DigitalGlobe (NYSE: DGI).
A Hand Shake
Ron Baron's first quarter comment recounts a story about Jay Pritzker, the principal owner of more »
Lady Luck and Mr. Market sure haven't been kind to investors in gaming stocks over the last five years. Once the darling of Wall Street, the industry was rejected like lukewarm food from a buffet steam table.
Similarly, like many casino buffet patrons, casino operators gorged on easy money to saturate not only Las Vegas and Atlantic City, but also major metropolitan areas. Who would've thought that we more »
Penn National Gaming (NASDAQ: PENN) recently announced plans to be the first company to create a casino focused REIT. The associated tax advantages will allow Penn to strategically begin returning capital to shareholders. The plan is to split Penn into two publicly traded companies, one for its operations and another – the REIT – for its property.
The way the current deal is proposed is that current Penn shareholders will receive shares more »
Right after Penn National Gaming (NASDAQ: PENN) announced their plans to break up into two public companies, creating the first casino-focused Real Estate Investment Trust (REIT), shares of said company skyrocketed, surging more than 41%. As casino businesses continue their resurgence since 2010, this bold move by Penn National will surely ensure profit for investors in the sector.
40 years after its first horse racing venue was created in 1971 more »
The extended break in trading brought about by Hurricane Sandy was seen as a giant buying opportunity for investors. Some stocks had already experienced strong buying prior to the hurricane, and these should be watched as potential leaders should this mini-rally expand. The three for this week are Dice Holdings (NYSE: DHX), Pinnacle Entertainment (NYSE: PNK), and Silicon Laboratories (NASDAQ: SLAB). All three saw volume spikes attributed to strong earnings more »