Hotels, Lodging, Restaurants & Travel M&A » By The Online Investor Staff, updated Sun., Jan. 29, 5:45 PM
Recent mergers and acquisitions in the Hotels, Lodging, Restaurants & Travel M&A category.
| This Slide: #53 of 60 |
Slide #53. Penn National Gaming, Inc. — Harrah's St. Louis
Acquirer:
Penn National Gaming, Inc. (NASDAQ:PENN)
Acquiree:
Harrah's St. Louis
Details:
Penn National Gaming, Inc. announced today that having received requisite regulatory approvals, it has completed its acquisition of the stock of the Harrah's St. Louis gaming and lodging facility from Caesars Entertainment for total consideration of approximately $610 million.
PENN Entertainment is a provider of retail casino gaming, online gaming, live racing, sports betting, and digital sports content. Co.'s wholly-owned interactive division, Penn Interactive Ventures, LLC operates retail sports betting in Co.'s retail properties, as well as online sports betting and online social casino, bingo, and iCasino products. Co.'s other subsidiary, Score Media and Gaming, Inc. is a sports betting and digital media company. Co. has partnership with Barstool Sports, Inc., a digital sports, entertainment, lifestyle and media company. Co. has five reportable segments: Northeast, South, West, Midwest, and Interactive.
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Avg. Broker Rec.
 
|
Buy (2.80 out of 4) 16th percentile
(ranked lower than approx. 84% of all stocks covered)
Analysts' Target Price: PENN Stock Forecast Based on Zacks ABR data; powered by Xignite |
