$BYD (Boyd Gaming Corporation)

$BYD {{ '2016-06-01T17:53:59+0000' | timeago}} • Announcement

Hotels and casinos operator $BYD said it has reached into a definitive agreement to sell its 50% equity interest in Marina District Development Holding Company, LLC, the parent company of Borgata Hotel Casino & Spa in Atlantic City, New Jersey, to $MGM for $900MM. The transaction is expected to close in the third quarter,

$BYD {{ '2017-12-21T15:05:52+0000' | timeago}} • Announcement

$BYD agreed with Valley Forge Convention Center Partners, L.P., to buy Valley Forge Casino Resort in King of Prussia, Pennsylvania, for total cash consideration of $280.5MM. The company expects the acquisition to be free cash flow positive and immediately accretive to earnings. The transaction is expected to close in 3Q18.

$ILG {{ '2017-12-21T14:47:28+0000' | timeago}} • Announcement

Interval International, an operating business of $ILG, entered into an affiliation agreement with Vuokatinmaa Holiday Apartments. The property is located just outside Vuokatti, a resort town in the Kainuu region of Northern Finland famed for its crystal-clear lakes, green forests, and rolling hills.

$GLPI {{ '2017-12-18T14:49:47+0000' | timeago}} • Announcement

$GLPI entered into agreements with $PENN, $PNK and $BYD to accommodate the proposed acquisition of Pinnacle by Penn. The company has agreed to amend the Master Lease with $PNK to allow for the sale of the operating assets at Ameristar Casino Hotel Kansas City, Ameristar Casino Resort Spa St. Charles and Belterra Casino Resort.

$BYD {{ '2017-12-18T13:30:16+0000' | timeago}} • Announcement

Diversified gaming operator $BYD signed an agreement with $PENN to acquire operations of the latter's four entertainment facilities located in Missouri, Indiana and Ohio for about $575MM. The buyout is in connection with Penn’s acquisition of $PNK. The company expects the transaction to be cash-flow positive and immediately accretive to earnings.

$PENN {{ '2017-12-18T13:21:36+0000' | timeago}} • Announcement

$PENN, which operates gaming facilities, has agreed to acquire entertainment firm $PNK for about $2.8Bil. The cash-and-stock transaction is expected to close in the second half of 2018, and generate about $100MM in annual run-rate cost synergies following integration. It is expected to be immediately accretive to free cash flow in the first year.

$BYD {{ '2017-12-07T22:40:57+0000' | timeago}} • Announcement

$BYD declared a quarterly cash dividend of $0.05 per share, payable January 15, 2018, to shareholders of record on December 28, 2017.

$PENN {{ '2017-11-30T22:27:53+0000' | timeago}} • Announcement

$PENN confirmed that it is engaged in discussions with $PNK regarding a potential business combination, whereby Penn National would acquire Pinnacle in a cash and stock transaction.

$BEL {{ '2017-11-30T21:06:51+0000' | timeago}} • Announcement

$BEL has appointed Daniel Ruff as SVP, Head of Global Operations. Most recently, Ruff served as President and Managing Director, EMEA, of Wyndham Hotel. Earlier, he held various positions at Starwood Hotels and Resorts in the EMEA leadership team. Meanwhile, the company will divide the existing COO position into two newly created positions.

$IRT {{ '2017-11-20T21:54:43+0000' | timeago}} • Announcement

$IRT entered into a seven-year, $100MM unsecured term loan agreement that will reach maturity in November 2024. The proceeds will reduce borrowings currently outstanding under the revolving portion of $IRT’s $300MM unsecured credit facility. The term loan bears interest at a spread over LIBOR, based on $IRT’s overall leverage.

$MGM {{ '2017-11-10T18:06:58+0000' | timeago}} • Webcast

$MGM expects its Monte Carlo's cash flow to double once they become fully integrated as Park MGM. The company also expects the group business and overall RevPAR to be up for the balance of the year.

$MGM {{ '2017-11-08T16:08:44+0000' | timeago}} • Announcement

$MGM’s revenue jumped 12.3% YoY to $2.8Bil, with RevPAR growing 4% to $156 at the company's Las Vegas Strip resorts. Casino revenue increased 32% as the company continues to incorporate the Borgata Hotel Casino and Spa into its operations, which was purchased in Aug. of 2016.

$MGM {{ '2017-11-08T16:03:35+0000' | timeago}} • Announcement

$MGM did not have any impact on its 3Q17 results after a deadly mass shooting took place at its Mandalay Bay property in early Oct. The company sees the shooting to weigh down 4Q17 results due to cancellations and marketing suspensions. In 3Q17, earnings came in at $149MM vs. $536MM in 3Q16, which included a $430MM gain on the Borgata acquisition.

$MGM {{ '2017-11-08T14:36:33+0000' | timeago}} • Infographic

$MGM MGM Resorts International Earnings AlphaGraphic: Q3 2017 Highlights

$WYN {{ '2017-10-25T17:22:23+0000' | timeago}} • Infographic

$WYN Wyndham Worldwide Earnings AlphaGraphic: Q3 2017 Highlights

$IRT {{ '2017-10-20T20:44:35+0000' | timeago}} • Announcement

$IRT appointed Richard D. Gebert, former Managing Partner at Grant Thornton, as an independent director to the company’s board effective Oct. 19, 2017. Gebert replaces Robert F. McCadden, who recently resigned from his position.

$IRT {{ '2017-10-12T21:20:32+0000' | timeago}} • Announcement

$IRT declared monthly cash dividends for 4Q17 of $0.06 per common share. The monthly dividends total $0.18 per share for 4Q17. The October dividend is payable Nov. 15 to shareholders of record on Oct. 31. The November dividend is payable Dec. 15 with a record date of Nov. 30. For December, the payment date is Jan. 15 and record date is Dec. 29.

$MGM {{ '2017-10-12T21:02:53+0000' | timeago}} • Announcement

$MGM received notice of an unsolicited mini-tender offer by TRC Capital Corporation to purchase up to 3MM shares of its common stock at a price of $29.50 per share in cash. The offer is for approx. 0.52% of the company's outstanding common stock. $MGM does not endorse this offer and recommends that stockholders reject the same.

$MGM {{ '2017-10-10T12:08:43+0000' | timeago}} • Announcement

$MGM said it will purchase 10MM shares of its common stock from Tracinda Corp. at $32.75 per share, for an aggregate amount of $327.5MM. The repurchase is expected to occur by Sept. 13, 2017.

$WYN {{ '2017-10-03T12:16:38+0000' | timeago}} • Announcement

Hotel operator $WYN said it completed the acquisition of the AmericInn brand and its parent company Northcott Hospitality. The addition of the new entity raises the number of Wyndham’s brands to 20. Pursuant to the transaction, the company appointed Nasir Raja as SVP of brand operations. The new brand is expected to be fully integrated by mid-2018.

$IRT {{ '2017-09-27T12:05:50+0000' | timeago}} • Announcement

$IRT said it completed the acquisition of four multifamily apartment communities, representing the first phase of its previously announced acquisition of a nine community portfolio. The company expects to close the acquisition of the remaining five communities in 4Q17.

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