June 19 (Reuters) - VICI Properties Inc ::VICI - IF DEAL TERMINATED UNDER CERTAIN CONDITIONS, PENN NATIONAL AND/OR CO TO PAY TERMINATION FEE OF $12.5 MILLION, WHICH MAY INCREASE TO UP TO $20 MILLION.
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June 19 (Reuters) - VICI Properties Inc ::VICI PROPERTIES INC. TO ACQUIRE REAL ESTATE ASSETS OF MARGARITAVILLE RESORT CASINO AND LEASE TO PENN NATIONAL GAMING.VICI PROPERTIES INC - ACQUISITION EXPECTED TO BE IMMEDIATELY ACCRETIVE.VICI PROPERTIES INC - DEAL FOR APPROXIMATELY $376 MILLION IN CASH.VICI PROPERTIES INC - EXPECTS TO FUND PURCHASE WITH CASH ON ITS BALANCE SHEET, OR WITH A COMBINATION OF CASH AND DRAWS UPON ITS CREDIT FACILITY.VICI PROPERTIES INC - VICI TO ACQUIRE LAND AND REAL ESTATE ASSETS OF MARGARITAVILLE RESORT CASINO IN BOSSIER CITY FOR ABOUT $261 MILLION IN CASH.VICI PROPERTIES INC - PENN NATIONAL GAMING WILL ACQUIRE OPERATING ASSETS OF MARGARITAVILLE RESORT CASINO FOR ABOUT $115 MILLION IN CASH.
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June 19 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE OPERATIONS OF MARGARITAVILLE RESORT CASINO FOR PRE-SYNERGY PURCHASE MULTIPLE OF APPROXIMATELY 5.5X.PENN NATIONAL GAMING INC - TO ACQUIRE OPERATIONS OF MARGARITAVILLE RESORT CASINO FOR APPROXIMATELY $115 MILLION CASH.PENN NATIONAL GAMING INC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO OPERATING RESULTS UPON CLOSING.PENN NATIONAL GAMING INC - WILL ENTER INTO A TRIPLE NET LEASE AGREEMENT WITH VICI PROPERTIES INC FOR MARGARITAVILLE FACILITY.
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May 9 (Reuters) - Pinnacle Entertainment Inc ::PINNACLE ENTERTAINMENT REPORTS 2018 FIRST QUARTER FINANCIAL RESULTS.Q1 GAAP EARNINGS PER SHARE $0.35.Q1 REVENUE $628.4 MILLION VERSUS I/B/E/S VIEW $641 MILLION.Q1 EARNINGS PER SHARE VIEW $0.29 -- THOMSON REUTERS I/B/E/S.PINNACLE ENTERTAINMENT - 2018 Q1 RESULTS NEGATIVELY IMPACTED BY "ADVERSE WINTER WEATHER CONDITIONS".REMAIN ON TRACK TO COMPLETE PENN NATIONAL TRANSACTION IN SECOND HALF OF 2018.
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April 27 (Reuters) - Penn National Gaming Inc ::PENN NATIONAL GAMING SECURES MISSISSIPPI GAMING COMMISSION AND PENNSYLVANIA STATE HORSE RACING COMMISSION APPROVAL OF ITS PENDING ACQUISITION OF PINNACLE ENTERTAINMENT.
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April 26 (Reuters) - Penn National Gaming Inc ::Q1 REVENUE $816.1 MILLION VERSUS I/B/E/S VIEW $808.1 MILLION.INCREASES 2018 FULL YEAR GUIDANCE.QTRLY NET REVENUES $ 816.1 MILLION.QTRLY DILUTED EARNINGS PER COMMON SHARE $ 0.48.FOR FY 2018, SEES NET REVENUES OF $ 3,235.7 MILLION.FOR FY 2018, SEES DILUTED EPS OF $1.62.FY2018 EARNINGS PER SHARE VIEW $1.55, REVENUE VIEW $3.22 BILLION -- THOMSON REUTERS I/B/E/S.SEES Q2 DILUTED EARNINGS PER COMMON SHARE $ 0.49.SEES Q2 NET REVENUES OF $ 839.9 MILLION.Q2 EARNINGS PER SHARE VIEW $0.47, REVENUE VIEW $823.0 MILLION -- THOMSON REUTERS I/B/E/S.
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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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