Penn National Gaming (PENN)agreedto an $8.9 billion buyout from two private equity firms today, confirming speculation that’s been going on for over a year in the options market, says Pete Najarian.
Penn is one of several regional casinos that have been ripping lately. Private equity firms are all over companies like Penn because they’re full of cash and recession-proof, Eric Bolling says.
With Penn done with, Guy Adami thinks Boyd Gaming (BYD) is one to keep an eye on. Put Trump (TRMP) on your radar as well, he says. You never know.
The CEO of Boyd Gaming, William Boyd, will be on Fast Money next week.
Trader disclosure: On June 15, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Seymour Owns (TIE), (AAPL), (CCJ), (EEM), (INTC), (SXR:TN), (TWX), (USU), Gazprom, (MBT), (MTL), (GLD), (VIP); Red Star Asset Management Is Short (EEM), (MBT), Gazprom; Bolling Owns (ICE), (NMX), (MPEL), (T), Sugar; Najarian Owns (CHL), (EMC), (MS), (.VIX)
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