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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 properties and video gaming terminal operations. Co. provides live sports betting at its properties in Indiana, Iowa, Mississippi, Nevada, Pennsylvania and West Virginia. Co. operates an interactive gaming division through its subsidiary, Penn Interactive Ventures, LLC. Co.'s segment's properties include Ameristar East Chicago, Greektown Casino-Hotel, 1st Jackpot Casino, Ameristar Vicksburg, Ameristar Black Hawk, Cactus Petes and Horseshu, Ameristar Council Bluffs, Argosy Casino Alton, Freehold Raceway, Retama Park Racetrack, Sam Houston Race Park and Valley Race Park, and Sanford-Orlando Kennel Club, among others.
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Buy (3.15 out of 4)
(ranked lower than approx. 53% of all stocks covered)
Based on Zacks ABR data;
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