|By PR Newswire||
|March 14, 2014 08:00 AM EDT||
NEW YORK, March 14, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Boyd Gaming Corporation (NYSE: BYD), Carnival Corporation (NYSE: CCL), Pinnacle Entertainment, Inc. (NYSE: PNK), Caesars Entertainment Corporation (NASDAQ: CZR), and Caesars Acquisition Company (NASDAQ: CACQ). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Boyd Gaming Corporation Analyst Notes
On March 5, 2014, Boyd Gaming Corporation (Boyd Gaming) reported Q4 2013 and full-year 2013 financial results. For Q4 2013, the Company reported net revenues of $681.5 million, up 9.1% YoY, while full-year 2013 net revenues were $2.9 billion, up 16.6% YoY. Q4 2013 net loss attributable to Boyd Gaming was $47.3 million, or $0.43 loss per diluted common share, compared to a net loss of $899.9 million, or $10.24 loss per diluted common share, in Q4 2012. Full-year 2013 net loss attributable to the Company was $80.3 million, or $0.83 loss per diluted common share, compared to a net loss of $908.9 million, or $10.37 loss per diluted common share, in full-year 2012. "We made great progress executing on our strategic plan in 2013, despite some external headwinds that we faced over the course of the year," said Keith Smith, President and CEO of Boyd Gaming. The full analyst notes on Boyd Gaming Corporation are available to download free of charge at:
Carnival Corporation Analyst Notes
On February 28, 2014, Carnival Corporation (Carnival) announced that its Chairman of the Board, Micky Arison, has advised the Company that trusts organized for his benefit plan to sell up to 10.0 million shares of the Company's common stock in market sales. Arison noted that he is selling for tax planning, estate planning, and diversification purposes. Carnival informed that 5.0 million shares out of the 10.0 million shares were sold on February 28, 2014 at a price of $39.50 per share. Further, the Company noted that the remaining 5.0 million shares will be sold pursuant to sales plans under Rule 10b5-1 over the next 15 months. The full analyst notes on Carnival Corporation are available to download free of charge at:
Pinnacle Entertainment, Inc. Analyst Notes
On March 5, 2014, Pinnacle Entertainment, Inc. (Pinnacle Entertainment) announced that L'Auberge Casino & Hotel Baton Rouge (L'Auberge), a Pinnacle-operated hotel, has been awarded the AAA Four Diamond hotel rating. The recognition also ranked it among the elite lodging facilities with the highest standards of service and amenities, in the US. Including L'Auberge, Pinnacle Entertainment noted that it now operates four hotel properties that have earned the AAA Four Diamond rating. The full analyst notes on Pinnacle Entertainment, Inc. are available to download free of charge at:
Caesars Entertainment Corporation Analyst Notes
On March 11, 2014, Caesars Entertainment Corporation (Caesars Entertainment) reported Q4 2013 and full-year 2013 financial results. In Q4 2013, the Company reported net revenues of $2.1 billion, up 3.2% YoY, while full-year 2013 revenues of $8.6 billion were down 0.2% YoY. Q4 2013 net loss attributable to Caesars Entertainment was $1.8 billion, or $12.83 per diluted share, compared to a net loss of $480.3 million, or $3.84 per diluted share, in Q4 2012. Full-year 2013 net loss attributable to the Company was $2.9 billion, or $22.93 per diluted share, compared to a net loss of $1.5 billion, or $12.04 per diluted share, in full year 2012. "While the operating environment remained challenging in the fourth quarter, we are encouraged by volume and visitation trends in our core market of Las Vegas. We are excited about our prospects here fueled by organic growth and continued investments in hospitality assets, most notably the LINQ and the High Roller. Looking ahead, our efforts to improve the company's capital structure remain a key priority as we build on our recent actions and leverage our operating and financial toolbox to create value," said Gary Loveman, CEO and President of Caesars Entertainment. The full analyst notes on Caesars Entertainment Corporation are available to download free of charge at:
Caesars Acquisition Company Analyst Notes
On March 3, 2014, Caesars Acquisition Company (CAC) announced that Caesars Growth Partners, LLC (Caesars Growth Partners), a joint venture between CAC and Caesars Entertainment, has entered into a definitive agreement to acquire Bally's Las Vegas, The Cromwell, The Quad Resort & Casino, and Harrah's New Orleans from Caesars Entertainment for $2.2 billion, including assumed debt of $185 million and committed project capital expenditures of $223 million, resulting in cash consideration of approximately $1.8 billion. The transaction is expected to close in Q2 2014. CAC noted that the transaction will facilitate new investment in the said properties, with Caesars Growth Partners retaining a 50% interest in the management fee revenues to be received by certain subsidiaries of Caesars Entertainment Operating Company, Inc., a subsidiary of Caesars Entertainment. "These four properties will strongly complement our existing portfolio, particularly Planet Hollywood and our interest in Horseshoe Baltimore, which will open later this year," said Mitch Garber, CEO of CAC. The full analyst notes on Caesars Acquisition Company are available to download free of charge at:
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