Ameristar Casinos ASCA
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MGM Is Best Bet On Las Vegas Strip Recovery
… 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 …
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Ameristar Casinos ( ASCA ): Q1 EPS of $0.56 misses by $0.04. Revenue of $295.1M misses by $6.22M. (PR)
Ameristar Casinos ( ASCA ): Q1 EPS of $0.56 misses by $0.04 . Revenue of $295.1M misses by $6.22M . ( PR ) Post your comment!
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An Update On Boyd Gaming
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
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It won't be seen on the transcript (read it here), but Steve Wynn seemed to literally slam the table as he brought home the point during Wynn Resorts' (WYNN) earnings call that regional casinos are ...
… 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!
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Boyd Gaming Will Continue To Outperform Zynga
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 ...
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Revenue at Las Vegas Strip casinos fell 18.7% Y/Y in January after rising 13.5% in December. Though the sector sees a lot of monthly volatility, the +30 percentage swing is raising some eyebrows. The ...
… 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!
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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 ...
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!
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Don't Expect A Bidding War For Ameristar
… 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 …
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Taking A Gamble On Pinnacle Entertainment
… 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 …
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TEXT - S&P may cut Ameristar Casinos Inc
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...