Tag Archives: peter carlino
- Pinnacle confirms talks with Gaming and Leisure Properties over possible Real Estate Assets sale
May 7, 2015
Casino operator Pinnacle Entertainment confirmed Monday that it is in talks to sell its real estate assets to Gaming and Leisure Properties Inc. (GLPI). Pinnacle also said in a statement that it is looking into maximizing value for shareholders though no assurances could be made that the talks would produce...
- Gaming and Leisure Properties offers to buy Pinnacle assets
March 10, 2015
Real estate investment trust Gaming & Leisure Properties Inc. (GLPI) announced on Monday that it had offered $4.1 billion to buy Pinnacle Entertainment's real estate assets. News of the offer by GLPI, which was spun off from casino operator Penn National Gaming in 2013, was made public after Pinnacle reportedly refused to...
- Investing The Hard Way: Where US Regionals Stand Now
March 25, 2013
In my tenure here at CalvinAyre.com, I've been rather bearish on the stocks of operators of regional casinos here in the U.S. I've recommended pairs trades where investors buy Macau operators and sell US ones. I advised selling short the entire US regional sector, and later called Isle of Capri (ISLE)...
- Investing The Hard Way: Can Other US Operators Follow Penn’s Lead?
November 26, 2012
Last week I covered Penn National Gaming's (PENN) plan to spin off its real estate assets into a real estate investment trust (or REIT), a move that caused PENN stock to rise over 28% the day it was announced. In that piece, I discussed the rationale behind, and the mechanics of,...
- Investing The Hard Way: Penn National And The US Market
October 22, 2012
Penn National Gaming (PENN) released third quarter earnings this week, beating analyst estimates on earnings and raising its full-year guidance for revenues. The stock rose on the news in trading Thursday, though it then fell more than 2% amidst Friday's sharp broad market drop. Penn's numbers, however, are less interesting...
- Penn chief says Maryland casino fight worth the trouble
October 21, 2012
For Penn National Gaming, a perfect world, or at least something a lot more ideal to the one they're living in, involves the scratching of Maryland's gambling expansion bill. That would mean that the casino operator wouldn't have dug deep into their pockets to fight the bill, thus saving themselves...
National Harbor posts lowest gaming revenue in six months
October 6, 2017
MGM’s Maryland casino National Harbor sets new revenue record
September 7, 2017
Penn National Gaming, Pinnacle Entertainment merger rumors
October 6, 2017
MGM National Harbor outperforms other Maryland casinos in July
August 16, 2017
Pennsylvania legislation would add 40k VGTs, cut slots tax
March 28, 2017