Private Equity buying this regional casino operator @ $67 if financing gets done. Currently trading in the low 40's. So many deals falling through is what's keeping this stock down. I personally feel the deal gets done after talking with executives at their property here in Baton Rouge and feel it's worth a shot here. If the deal doesn't get done, I still have a great company at a fair price I believe. They own the Hollywood casino here in Baton Rouge and I really like the property. Any thoughts?
Spread Destroyerr, Penn owns Penn Nat. Race track here in Grantville, Pa & just opened the casino (slots only) about 3 months ago. The place is really nice & packed with people all the time, weekends you have to fight for a slot machine. They also own a couple of OTB's in Pa. Wether they are bought out or not I think its a good investment.
GreenDoberman, How long ago did you have horses at Penn & do you still own race horses? I know a couple of owners & trainers that race horses out of there.The remodeling is done (very impressive for this area) & you can tell they are ready to add the table games as soon as its legal in Pa.
