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Slide #77. Penn National Gaming, Inc. — Harrah's St. Louis
Penn National Gaming, Inc. (NASDAQ:PENN)
Harrah's St. Louis
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 National Gaming is an owner and manager of gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. In addition, Co. operates an interactive gaming division through its subsidiary, Penn Interactive Ventures, LLC. Co.'s segment's properties include Ameristar East Chicago, Hollywood Casino Bangor, 1st Jackpot Casino, Ameristar Vicksburg, Boomtown Biloxi, Boomtown Bossier City, Ameristar Black Hawk, Cactus Petes and Horseshu, Ameristar Council Bluffs, Argosy Casino Alton, Argosy Casino Riverside, Freehold Raceway, Retama Park Racetrack, Sam Houston Race Park and Valley Race Park, and Sanford-Orlando Kennel Club, among others.
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Strong Buy (3.72 out of 4)
(ranked higher than approx. 71% of all stocks covered)
Based on Zacks ABR data;
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