|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:
About Analysts Review
We provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] AnalystsReview.com.
- For any urgent concerns or inquiries, please contact us at compliance [at] AnalystsReview.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] AnalystsReview.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Analysts Review in this article or report according to the Procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review
Dec. 9, 2016 10:30 AM EST Reads: 2,090
Dec. 9, 2016 10:15 AM EST Reads: 420
Dec. 9, 2016 10:15 AM EST Reads: 1,924
Dec. 9, 2016 10:15 AM EST Reads: 1,980
Dec. 9, 2016 10:13 AM EST Reads: 153
Dec. 9, 2016 08:45 AM EST Reads: 983
Dec. 9, 2016 08:30 AM EST Reads: 2,229
Dec. 9, 2016 08:30 AM EST Reads: 1,139
Dec. 9, 2016 08:00 AM EST Reads: 999
Dec. 9, 2016 07:45 AM EST Reads: 1,213
Dec. 9, 2016 07:00 AM EST Reads: 4,363
Dec. 9, 2016 06:00 AM EST Reads: 839
Dec. 9, 2016 05:00 AM EST Reads: 3,164
Dec. 9, 2016 04:45 AM EST Reads: 526
Dec. 9, 2016 04:30 AM EST Reads: 1,051