Investors love the casino operator’s plan to break up into two publicly traded companies that focus on different facets of gaming. Penn National will spin off its real estate assets into a game-focused REIT that owns more than 17 casinos. The remaining business will include its actual gaming operations, such as its 38,000 gaming and slot machines and 850 table games.
Penn Nat’l Gaming
Globe wires November 17, 2012
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