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Stock impact report

Planning underway for new Bally's resort adjacent to A's stadium on Tropicana site [Yahoo! Finance]

PENN Entertainment, Inc. (PENN) 
Last penn entertainment, inc. earnings: 2/6 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The company still isn't saying much about the project, especially as a pending merger with The Queen Casino & Entertainment plays out. As Bally's published its third-quarter earnings on Wednesday, the company sidestepped a routine Q&A session with investors, citing an upcoming Nov. 19 meeting with shareholders regarding the merger. In its place, Bally's released this statement: “In Las Vegas, we are moving forward with the planning for a Bally's casino on the Las Vegas Strip adjacent to the A's stadium which will begin to rise next year following the recent implosion of the Tropicana hotel towers.” The company said it is “very optimistic regarding the long-term prospects of our C&R (Casinos & resorts) business.” Bally's CEO Robeson Reeves added, “Significant planning efforts are underway which will put Bally's in a position to begin our own development efforts concurrently with the A's stadium construction efforts. “Given our planning and preparation, our current pursuit is to Show less Read more
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