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Expert Analyses of the following article:

Penn National Gaming Cancels Its Sale to Private Equity Firms

Source: www.nytimes.com
July 14, 2008
PENN NATIONAL GAMING NOW ABLE TO USE FUNDS FOR NEW VENTURES
Author: Ron Lodge, Former Senior Marketing Executive (former), Venetian Casino Resort Inc
Will the ending of this private take over of Penn National improve their stock. Peter Carlino, head man at Penn national thinks they will buy back some of their stock, invest in new properties and generally put Penn back in the plus side of the of the of the profit sheet. Could happen!
July 7, 2008
Good News for Penn Gaming -- in the Long Run
Author: GLG Expert Contributor
The buyers' willingness to pay a $225 million kill fee and an interest free loan of $1.25 billion shows that things are as bad as they seem -- not for gaming, but for banks.  Penn Gaming gets an enormous influx of cash, making it even more attractive for future buyouts.  It also shows what good lawyering can do.
July 7, 2008
What's really changed
Author: William Sherlock, Board Member, Nevada Gold & Casinos, Inc.
Penn National Gamings Board of Directors has made the decision not to allow the private equity firms to re-price their offer

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