leaders in the sector. Regional casinos companies such as Penn National Gaming ( PENN ), Pinnacle entertainment ( PNK ) and Ameristar Casinos have outperformed companies with more significant exposure to Las Vegas Strip and locals market such as Boyd Gaming and
Ameristar Casinos ( ASCA ): Q1 EPS of $0.56 misses by $0.04 . Revenue of $295.1M misses by $6.22M . ( PR ) Post your comment!
By Jonathan Verenger : I have written about Boyd Gaming ( BYD ) a few times over the past couple of months. On February 25th, I said to buy BYD ahead of legalization of online gambling in New Jersey. I also suggested that investors buying Zynga ( ZNGA ) for exposure to online gambling were focused
licenses to pressure regional operators. The burning sector question: How much of a hit will regional casino operators ( PENN , MCRI , ASCA , ISLE , BYD , CNTY , PNK ) take as big Vegas companies expand more into their turf? Post your comment!
By Jonathan Verenger : In my previous article, Buy Boyd Gaming Hand Over Fist , I suggested that as a result of a core focus of the company on gambling markets that are working while shedding non core, underperforming assets, combined with a focus on online gambling, the stock could be worth ...
Vegas indicating some underlying weakness. Vegas-oriented casinos stocks ( LVS , MGM , CZR , WYNN ) are underperforming regional players ( BYD , ASCA , CNTY ) and Macau-focused Melco Crown ( MPEL +1.8% ) for the day. Post your comment!
Pinnacle Entertainment ( PNK +0.8% ) bucks a weak tape after being raised to Hold at Union Gaming Group. The upgrade comes on the back of the gaming company's all-cash deal last week to buy Ameristar Casinos ( ASCA ) for $869M. Post your comment!
Probably the biggest story on a quiet pre-Christmas Friday on Wall Street was the $2.8 billion acquisition of Ameristar Casinos ( ASCA ) by Pinnacle Entertainment ( PNK ). The market was clearly impressed by the tie-up between two of the US's
Caesars Entertainment ( CZR ); Friday brought the spotlight to Pinnacle Entertainment, Inc. ( PNK ) and Ameristar Casinos Inc ( ASCA ). Pinnacle reached an agreement to buy its larger rival Ameristar for $26.50 per share, placing a total
Overview -- U.S. gaming operator Ameristar Casinos Inc. is being acquired by Pinnacle Entertainment Inc. for $2.8 billion. -- We are placing our 'BB-' corporate credit rating on both...