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Stocks Penn National Gaming Inc


  • SPRINGFIELD, Mass.— The price tag for MGM's planned resort casino in the city continues to climb. Now MGM Resorts International President Bill Hornbuckle says the projected cost of the development has ballooned to more than $950 million despite the company's efforts to propose cost-saving design changes. "The reality is that this project will exceed $950...

  • *MGM to maintain control of new REIT. MGM said it would transfer seven Las Vegas resorts- The Mirage, Mandalay Bay, Monte Carlo, New York-New York, Luxor, Excalibur and The Park- to the REIT, a structure that helps a company save taxes. MGM shareholder Land and Buildings has been putting pressure on the company throughout this year to convert its real estate assets into a...

  • The properties would include six Las Vegas resorts and entertainment assets besides The Mirage: Mandalay Bay, Monte Carlo, New York-New York, Luxor, Excalibur, and The Park. MGM said it will continue to manage and operate the properties and will retain full ownership of the Bellagio and MGM Grand Las Vegas. MGM join a list of companies looking to spin off their real...

  • CHICAGO, Oct 26- When a bankrupt operating unit of Caesars Entertainment went on the market earlier this month, the package consisted of 38 casinos, including the iconic Caesars Palace Las Vegas. Potential bidders for CEOC, a casino-operating unit of Caesars Entertainment would be wading into the middle of a costly and complicated bankruptcy, and they note that...

  • Buying into Vegas at bargain basement prices Wednesday, 30 Sep 2015 | 12:56 PM ET
    Tropicana Las Vegas

    The market for distressed properties has spread from the housing market to the very heart of Sin City.

  • Early movers: YUM, AET, STZ, DIS, PG, MSFT & more Tuesday, 8 Sep 2015 | 8:52 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Take a look at some of Tuesday's early movers: YUM, AET, STZ, DIS, PG, MSFT & more

  • Traders try to get lucky in this casino stock Wednesday, 1 Apr 2015 | 11:18 AM ET
    Caesars Entertainment Corp.'s Caesars Palace in Las Vegas.

    Some traders are placing bets that Caesars Entertainment will go even higher.

  • Casino hub in Vietnam? Maybe sooner than you think Wednesday, 12 Feb 2014 | 6:21 PM ET
    This picture taken on February 15, 2011 shows a motorbike taxi driver waiting for clients in front of the Crown Casino run by Silver Shores International Resort in the Vietnamese central coastal city of Danang.

    Nguyen Van Tuon seems unconcerned that his business driving Vietnamese gamblers across the border to Cambodian casinos is under threat.

  • Your first trade for Tuesday Monday, 13 Jan 2014 | 4:05 PM ET
    Fast Money Final Trade

    The "Fast Money" traders share their final trades of the day.

  • Gaming exec slams bribery rules; says AC is "OVER" Friday, 8 Nov 2013 | 5:03 PM ET
    Boardwalk, Atlantic City.

    The Foreign Corrupt Practices Act is hampering U.S. business expansion abroad, especially in the gambling industry. Now bets are moving to Asia.

  • Lightning Round: CarMax, Asbury Automotive & More Monday, 20 May 2013 | 6:43 PM ET

    It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Lightning Round: Heckmann, Potash & More Friday, 17 May 2013 | 6:46 PM ET

    It’s time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Bears Target Penn National Gaming Monday, 5 Nov 2012 | 7:14 AM ET

    Penn National Gaming has been trending lower, and now the bears are looking for another push to the downside.

  • Mass. city takes next step in casino process Friday, 2 Nov 2012 | 10:38 AM ET

    SPRINGFIELD, Mass.-- Springfield, Mass. is moving on to the second phase of its casino selection process. They are MGM Resorts International, Penn National Gaming Inc., and Ameristar Casinos Inc.. Springfield Mayor Domenic Sarno appointed a seven-member advisory committee Thursday to help review applications.

  • Ameristar unveils proposed casino for Mass. Tuesday, 23 Oct 2012 | 1:06 PM ET

    SPRINGFIELD, Mass.-- Ameristar Casinos Inc. has unveiled plans for a $900 million- plus casino at a former industrial site in Springfield, Mass.. The Ameristar plan announced Tuesday includes 150,000 square feet of gambling space, a 500- room hotel, multiple restaurants and a spa on a former Westinghouse Electric site it owns near Interstate 291.

  • Google, Nokia, eBay are market movers Thursday, 18 Oct 2012 | 4:51 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Nokia Corp., down 14 cents at $2.80. Supervalu Inc., up 10 cents at $2.14.

  • *Penn National Gaming 3Q net income declines Thursday, 18 Oct 2012 | 9:35 AM ET
  • 3 developers vie for Springfield, Mass., casino Friday, 12 Oct 2012 | 8:42 AM ET

    BOSTON-- Three companies seeking to develop a resort casino in Springfield submitted applications Thursday to the western Massachusetts city, and a fourth that had previously expressed interest declined to enter the competition.

  • Penn National unveils casino plan in Mass. Thursday, 11 Oct 2012 | 3:04 PM ET

    Penn National Gaming Inc. said on Thursday it was seeking to build an $807 million resort casino and hotel on a parcel that is now home to a newspaper and a bus terminal.

  • Oct 11- Fitch Ratings has affirmed MGM Resorts International's. Fitch also affirms all of MGM's and MGM Grand Paradise's transaction ratings, which are listed at the end of the release. The above considerations should improve MGM's credit profile in terms of liquidity, FCF and leverage to be more consistent with a' B' IDR over the next several quarters.