Monthly Archives: December 2015

Penn National Gaming Reaffirms Guidance; Deutsche Bank Still Likes Stock

Penn National Gaming, Inc shares have appreciated 18.21 percent year to date, from a low of $13.21 on January 6. According to the Deutsche Bank report, “Despite some weather related concerns in December and a calendar hampered November, PENN reiterated its net revenue guidance of $722.5 mm and its adjusted EBITDA guidance of $181.6 mm.” Analyst Carlo Santarelli expects the removal of the EPS risk to be favorable for the shares, “as we transition into the New Year and face more challenging comparisons given favorable 1Q15 weather.”

Penn National Gaming Reaffirms Guidance; Deutsche Bank Still Likes Stock

Penn National Gaming, Inc shares have appreciated 18.21 percent year to date, from a low of $13.21 on January 6. According to the Deutsche Bank report, “Despite some weather related concerns in December and a calendar hampered November, PENN reiterated its net revenue guidance of $722.5 mm and its adjusted EBITDA guidance of $181.6 mm.” Analyst Carlo Santarelli expects the removal of the EPS risk to be favorable for the shares, “as we transition into the New Year and face more challenging comparisons given favorable 1Q15 weather.”

Massachusetts lottery wants online sales, social gaming, daily fantasy sports

The Massachusetts State Lottery wants to expand into online sales, social gaming and daily fantasy sports.

On Tuesday, the Massachusetts Lottery Commission issued a formal request for information that invites technology partners to submit proposals for an ‘iLottery System.’ This system would encompass “digital versions of existing and new lottery games, including but not limited to social gaming and daily fantasy sports options.”

State treasurer Deborah Goldberg has previously stated that the Lottery is overly reliant on scratch tickets and keno, which accounts for 87% of sales but are failing to attract a following among younger demographics. The Lottery has also expressed concern over future competition from the state’s three new casino projects, which will begin opening in the next few years.

In November, Lottery executive director Michael Sweeney fingered daily fantasy sports (DFS) as the single biggest threat to future lottery earnings. On Wednesday, Sweeney noted that the Lottery’s proposed expansion into DFS and other online options would require the approval of state legislators. For instance, current state rules require lottery products to be purchased with cash.

Celebrity preview: Bruno Mars, Maroon 5, Nicki Minaj, Nick Jonas, Michael Buble and many more

Remember: I-15 ramps start shutting down as of 5 p.m., and the Strip is traffic free for pedestrians as of 6 p.m. to the expected record 340,000 tourists. For the first time, our monorail will remain open for 44 consecutive hours with a $1 ticket for locals wanting to shuttle between MGM Grand on the south end to SLS Las Vegas on the north end without Strip chaos.

Celebrity preview: Bruno Mars, Maroon 5, Nicki Minaj, Nick Jonas, Michael Buble and many more

Remember: I-15 ramps start shutting down as of 5 p.m., and the Strip is traffic free for pedestrians as of 6 p.m. to the expected record 340,000 tourists. For the first time, our monorail will remain open for 44 consecutive hours with a $1 ticket for locals wanting to shuttle between MGM Grand on the south end to SLS Las Vegas on the north end without Strip chaos.