Environmental Efforts, Partnerships, Approvals, and Divestitures - Research Report on MGM Resorts International, Royal Caribbean, Penn National Gaming, Caesars, and Pinnacle Entertainment

Editor Note: For more information about this release, please scroll to bottom.

News provided by

Aug 30, 2013, 08:00 ET

NEW YORK, August 30, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting MGM Resorts International (NYSE: MGM), Royal Caribbean Cruises Ltd. (NYSE: RCL), Penn National Gaming Inc. (NASDAQ: PENN), Caesars Entertainment Corporation (NASDAQ: CZR), and Pinnacle Entertainment Inc. (NYSE: PNK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

MGM Resorts International Research Report

On August 20, 2013, MGM Resorts International announced that MGM Grand Detroit (MGM Grand) has completed the light-emitting diode (LED) lamp fitting of its 61-acre parking garage. The Company informed that it is one of the nation's largest LED parking garage makeover, which has 3,117 LED lamps and is expected to reduce the garage's annual energy use by 80% at the Four Diamond destination resort. Commenting on this development, Steve Zanella, President and COO of MGM Grand said, "Like many of our conservation initiatives, this renovation is a win-win for us and the environment. This project reflects our high regard for the planet, but it also ensures that MGM Grand Detroit is meeting our customers' desire to be more environmentally conscious with their meetings, conventions, and travel." The Company informed that MGM Grand's newly refurbished parking garage is one of many energy conservation projects, which forms a part of the MGM Resorts Green Advantage sustainability platform. The Full Research Report on MGM Resorts International - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-28/MGM]

Royal Caribbean Cruises Ltd. Research Report

On August 19, 2013, Royal Caribbean Cruises Ltd. (Royal Caribbean) announced that it has renewed its multi-year partnership with Bank of America and has launched new credit cards that will offer unique benefits on three brands, Azamara Club Cruises, Celebrity Cruises, and Royal Caribbean International. Royal Caribbean stated that through MyCruise Rewards, which is one of the most unique new features of the cards, cardholders can earn discounts on cruise-related packages and redeem points for cruises, stateroom upgrades, specialty gifts, and onboard credit across all three cruise lines. Carol Schuster, Senior Vice President of Marketing at Royal Caribbean International, stated, "We know how important choice is to our guests, so the new cardmember benefits introduce a variety of rewards, such as more than 100 redemption options, making it easy and fun for our guests to enjoy flexibility as they treat themselves while vacationing with our brands." The Full Research Report on Royal Caribbean Cruises Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-28/RCL]

Penn National Gaming Inc. Research Report

On August 21, 2013, Penn National Gaming Inc. (Penn National) announced that it has bagged approvals from four additional regulatory agencies for the planned separation of its operating assets and real property assets. Penn National stated that the secured approvals were from Pennsylvania Gaming Control Board, Missouri Gaming Commission, Ohio Casino Control Commission (OCCC), and Kansas Racing and Gaming Commission. The Company also reported that it anticipates the OCCC to consider the suitability of Gaming and Leisure Properties, Inc. (GLPI) at its next scheduled meeting in September 2013. The Full Research Report on Penn National Gaming Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-28/PENN]

Caesars Entertainment Corporation Research Report

On August 27, 2013, Caesars Entertainment Corporation (Caesars) and Suffolk Down announced that they have entered into an agreement with the City of Boston, in the pursuit of a license to develop a world-class casino resort. Caesars stated that the agreement for the development of a world-class casino resort at the site of the East Boston thoroughbred racetrack will provide the city with significant employment opportunities for local residents, infrastructure improvements and other economic and community benefits. Gary Loveman, Chairman, President, and CEO of Caesars, said, "Boston is ideally suited for our city-integrated resort model, which is designed to reflect the distinct attributes of the host communities and drive maximum economic impact to residents and businesses. Our proposal is intended to drive tourism to the region and introduce our guests to all the Greater Boston area has to offer." The Full Research Report on Caesars Entertainment Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-28/CZR]

Pinnacle Entertainment Inc. Research Report

On August 16, 2013, Pinnacle Entertainment Inc. (Pinnacle Entertainment) announced that it has entered into an agreement with Tropicana Entertainment Inc. (Tropicana) for the sale of Lumiere Place Casino, HoteLumiere, the Four Seasons Hotel St. Louis, and related excess land parcels (collectively Lumiere Place Casino and Hotels). Anthony Sanfilippo, CEO of Pinnacle Entertainment, commented, "We are pleased to enter into this agreement with Tropicana and to sell the high quality assets underlying this transaction to an equally high quality operator of gaming entertainment properties. Following the completion of the divestitures of both Lumiere Place Casino and Hotels and Ameristar's Lake Charles development project, we will use the substantial cash proceeds we receive from these transactions to repay debt and reduce our leverage." The Company informed that the sale of Lumiere Place Casino and Hotels is expected to close by the end of the Q1 2014, subject to the approval of the Missouri Gaming Commission and Federal Trade Commission, as well as customary closing conditions. The Full Research Report on Pinnacle Entertainment Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-28/PNK]

EDITOR NOTES:

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 a CFA. 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 [email protected].
For any urgent concerns or inquiries, please contact us at [email protected].
Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network 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

Equity News Network 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

Equity News Network 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 Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network 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.

www.InvestorsReports.com

SOURCE Investors' Reports