Travel & Entertainment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:15 AM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
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Slide #77. 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 ofintegrated entertainment, sports content, and casino gaming experiences. Co. operates online sports betting and iCasino under a portfolio of brands including Hollywood Casino®, L'Auberge®, Barstool Sportsbook®, and theScore Bet Sportsbook and Casino®. Co. is focused on retail casinos, sports media assets, technology, including digital sports and iCasino betting platform, and an in-house iCasino content studio. Co. has five reportable segments: Northeast, South, West, Midwest, and Interactive.
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Avg. Broker Rec.
 
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Buy (2.79 out of 4) 15th percentile
(ranked lower than approx. 85% of all stocks covered)
Analysts' Target Price: PENN Stock Forecast Based on Zacks ABR data; powered by Xignite |
