Penn National Blogs & Blog Posts
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Latest Blog Posts on penn national
- Adieu F-bleau, hello Hollywood? by Stiffs & Georges on Oct 26, 2009
Look what just fell into the S&G mailbag: Beginning January 1, 2010 Penn National Gaming will partner with RPM Advertising to develop and execute a brand identity for Hollywood Casinos. The full service assignment will incorporate research...
- Quote of the Day by Stiffs & Georges on Oct 22, 2009
Penn National Gaming "has not lost its senses and, [contends] that at the right price and through the right vehicle (and only with a sizable strategic partner who would bring something special to the project, presumably some hotel experience), i...
- MGM: CityCenter worth $4.88 billion by Stiffs & Georges on Oct 20, 2009
MGM Mirage has announced that it's writing off approximately $1.3 billion (i.e., taking an "impairment charge") against CityCenter, with $348 million of that chalked up to falling real estate values. (Some $174 million of that will apparent...
- Case Bets: Net bets, Mohegan Sun & What's F'bleau worth? by Stiffs & Georges on Oct 13, 2009
You can't play poker for money on the Internet but you can now play the ponies in Illinois via the Web. This is yet another example of legally enshrined hypocrisy under UIGEA, the parting gift of "Slick Billy" Frist and Jim Leach to the Ame...
- East Coast antics by Stiffs & Georges on Oct 12, 2009
Wrong again. There I was, thinking the proposed $10 million upfront fee for table games in Pennsylvania was a done deal when the GOP-controlled state Senate upped it to $15 million (and if you don't pay by June 1, it goes to $20 million). Chalk that...
- What's a Trump casino worth? by Stiffs & Georges on Oct 8, 2009
Only $14 million in cash (plus a $100 million equity infusion), according to The Donald. Bondholders say, we'll see your $115 million and raise you $100 million. The latter would recoup at least some -- but not very much -- of their $1.25 billion deb...
- Case Bets: Corzine, Penn vs. MTR, Pinnacle, Manilow & strippers by Stiffs & Georges on Oct 7, 2009
Forbidden by New Jersey law from directly contributing to political campaigns, casino companies are making an end run through Virginia. Harrah's Entertainment, Boyd Gaming and IGT are among those funneling campaign cash into a reverse version on the...
