April 16 (Reuters) - Gaming and Leisure Properties Inc ::GAMING AND LEISURE PROPERTIES, INC. ANNOUNCES ACQUISITION OF THE REAL ESTATE ASSETS OF TROPICANA ENTERTAINMENT.GAMING AND LEISURE PROPERTIES INC - DEAL FOR PURCHASE PRICE OF $1.21 BILLION WITH INITIAL RENT OF $110 MILLION.GAMING AND LEISURE PROPERTIES INC - ANNOUNCED ACQUISITIONS ARE EXPECTED TO BE 8% TO 10% ACCRETIVE.GAMING AND LEISURE PROPERTIES INC - EXPECTS TO FUND TRANSACTION WITH A COMBINATION OF DEBT AND EQUITY.GAMING AND LEISURE - TO BUY REAL ESTATE ASSETS OF 6 CASINO PROPERTIES FROM TROPICANA ENTERTAINMENT FOR $1.21 BILLION, EXCLUSIVE OF TAXES AND DEAL FEES.GAMING AND LEISURE PROPERTIES-WITH CLOSING OF DEAL, ELDORADO TO BUY OPERATING ASSETS OF THESE PROPERTIES, LEASE REAL ESTATE VIA NEW MASTER LEASE.GAMING AND LEISURE PROPERTIES INC - NEW ELDORADO MASTER LEASE HAS 15 YEAR INITIAL TERM AND FOUR 5 YEAR RENEWAL PERIODS.GAMING AND LEISURE - TROPICANA ENTERTAINMENT DEAL, PINNACLE - PENN NATIONAL DEAL TO RESULT IN DIVIDEND/SHARE ACCRETION OF 8-10% ON Q1 ANNUALIZED DIVIDEND.
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April 12 (Reuters) - Penn National Gaming ::PENN NATIONAL GAMING SECURES ILLINOIS GAMING BOARD APPROVAL OF ITS PENDING ACQUISITION OF PINNACLE ENTERTAINMENT.REMAIN ON TRACK TO COMPLETE TRANSACTION IN SECOND HALF OF 2018.
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March 29 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING SHAREHOLDERS APPROVE PINNACLE ENTERTAINMENT ACQUISITION.PENN NATIONAL GAMING SHAREHOLDERS APPROVE PINNACLE ENTERTAINMENT ACQUISITION.PENN NATIONAL GAMING - AT SPECIAL MEETING, ABOUT 86% OF PENN'S OUTSTANDING COMMON SHARES WERE VOTED.PENN NATIONAL GAMING - ABOUT 99% OF VOTES CAST IN FAVOR OF PROPOSAL TO ISSUE SHARES OF CO TO PINNACLE STOCKHOLDERS IN CONNECTION WITH DEAL.PENN NATIONAL GAMING INC - PENN AND PINNACLE CONTINUE TO EXPECT DEAL CLOSING WILL OCCUR IN SECOND HALF OF 2018.
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Dec 20 (Reuters) - Penn National Gaming Inc ::PINNACLE ENTERTAINMENT-IF DEAL TERMINATED BY EITHER PARTY UNDER SOME CIRCUMSTANCES,CO TO PAY FIXED EXPENSE REIMBURSEMENT OF $30.0 MILLION TO PENN NATIONAL .PINNACLE - IF DEAL TERMINATED BECAUSE PENN SHAREHOLDERS FAIL TO APPROVE SHARE ISSUANCE, PENN TO PAY FIXED EXPENSE REIMBURSEMENT OF $60.0 MILLION TO CO.PINNACLE ENTERTAINMENT SAYS CO WILL BE REQUIRED TO PAY PENN A TERMINATION FEE OF $60.0 MILLION, IF DEAL TERMINATED UNDER SOME CIRCUMSTANCES - SEC FILING.PINNACLE ENTERTAINMENT SAYS PENN TO PAY CO A TERMINATION FEE EQUAL TO $125.0 MILLION IF MERGER AGREEMENT IS TERMINATED UNDER SOME CIRCUMSTANCES.
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Dec 18 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING TO ACQUIRE PINNACLE ENTERTAINMENT.PENN NATIONAL GAMING TO ACQUIRE PINNACLE ENTERTAINMENT.PENN NATIONAL GAMING - PINNACLE SHAREHOLDERS TO RECEIVE $20.00 PER SHARE IN CASH AND 0.42 SHARES OF PENN NATIONAL COMMON STOCK FOR EACH PINNACLE SHARE.PENN NATIONAL GAMING INC - DEAL IS IMMEDIATELY ACCRETIVE TO FREE CASH FLOW PER SHARE; EXPECTED TO GENERATE $100 MILLION IN ANNUAL RUN-RATE COST SYNERGIES.PENN NATIONAL GAMING INC - TRANSACTION VALUED AT APPROXIMATELY $2.8 BILLION.PENN NATIONAL GAMING INC - TRANSACTION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.PENN NATIONAL GAMING INC - DEAL FOR TOTAL PURCHASE PRICE OF $32.47 PER PINNACLE SHARE.PENN NATIONAL GAMING-ENTERED DEAL WITH BOYD IN WHICH BOYD TO PURCHASE PINNACLE'S GAMING OPERATIONS AT AMERISTAR KANSAS CITY, AMERISTAR ST. CHARLES IN MISSOURI.PENN NATIONAL GAMING INC - GAMING AND LEISURE PROPERTIES HAS ENTERED INTO AGREEMENT TO AMEND TERMS OF PINNACLE MASTER LEASE TO PERMIT DIVESTITURES.PENN NATIONAL GAMING INC - BOYD WILL ALSO PURCHASE PINNACLE'S GAMING OPERATIONS AT BELTERRA CASINO RESORT IN INDIANA; AND BELTERRA PARK IN OHIO.PENN NATIONAL GAMING - AGREEMENTS WITH BOYD IN WHICH BOYD WILL PURCHASE CERTAIN PINNACLE'S GAMING OPERATIONS IS FOR APPROXIMATELY $575 MILLION IN CASH.PENN NATIONAL GAMING - ANTICIPATES ADDITIONAL CASH FLOW FROM ACQUISITION WILL ALLOW CO TO PAY DOWN DEBT ON ACCELERATED BASIS AFTER CLOSING.
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Nov 30 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING CONFIRMS DISCUSSIONS WITH PINNACLE ENTERTAINMENT.SAYS ENGAGED IN DISCUSSIONS WITH PINNACLE ENTERTAINMENT, WHEREBY CO WOULD BUY PINNACLE IN A CASH & STOCK DEAL.
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Nov 30 (Reuters) - Pinnacle Entertainment Inc ::PINNACLE ENTERTAINMENT CONFIRMS DISCUSSIONS WITH PENN NATIONAL GAMING.PINNACLE ENTERTAINMENT - ENGAGED IN DISCUSSIONS WHEREBY PENN NATIONAL WOULD BUY CO IN CASH AND STOCK DEAL .PINNACLE ENTERTAINMENT - DISCUSSIONS ON POTENTIAL BUSINESS COMBINATION WITH PENN NATIONAL MAY OR MAY NOT LEAD TO ANY DEAL.
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Nov 30 (Reuters) - :PENN NATIONAL AND PINNACLE ARE DISCUSSING A CASH-AND-STOCK DEAL THAT COULD VALUE PINNACLE IN THE LOW-$30'S PER SHARE- WSJ,CITING SOURCES.
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Oct 26 (Reuters) - Penn National Gaming Inc -:Penn National Gaming reports record third quarter 2017 revenue of $806.2 million and income from operations of $143.7 million, resulting in adjusted EBITDA of $107.3 million, which exceeded guidance.Q3 revenue $806.2 million versus I/B/E/S view $796.3 million.Penn National Gaming Inc - qtrly shr $8.43.Penn National Gaming Inc sees December quarter net revenues$756.6 million.Penn National Gaming Inc sees December quarter earnings per common share of $0.17.Q4 earnings per share view $0.16, revenue view $764.3 million -- Thomson Reuters I/B/E/S.Penn National Gaming Inc sees FY 2017 net revenues of $3.14 billion; sees FY 2017 earnings per share of $8.91.
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Oct 5 (Reuters) - :Penn National, Pinnacle Entertainment consider merger - WSJ, citing sources.
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