SOURCE: Paragon Financial Limited

Paragon Financial Limited

November 20, 2012 08:20 ET

Ameristar Casinos Shares Rise as Penn National Gaming Announces Creation of New Casino REIT

The Paragon Report Provides Stock Research on Penn National Gaming and Ameristar Casinos

NEW YORK, NY--(Marketwire - Nov 20, 2012) - Gaming stocks received a boost last Friday after Penn National Gaming Inc. announced breakup plans to create the first casino-focused REIT. Analysts have suggested that other gaming companies may follow suit as it would help free up capital. "This could be a trend within the gaming sector to distribute profits on a more tax efficient basis," said Joseph Greff, a JPMorgan Chase & Co. analyst. The Paragon Report examines investing opportunities in the Resorts & Casinos Industry and provides equity research on Penn National Gaming, Inc. (NASDAQ: PENN) and Ameristar Casinos, Inc. (NASDAQ: ASCA).

Access to the full company reports can be found at:

www.ParagonReport.com/PENN

www.ParagonReport.com/ASCA

Penn National will break up into two public companies and place a majority of their properties, at least 17, into a new real estate investment trust. Shareholders of Penn will a dividend of $5.35 a share in addition to stock in the newly established REIT. The breakup is expected to occur, pending regulatory approval, during the second half of 2013.

"This process will unlock the tremendous value of our real estate portfolio," Chairman and CEO Peter Carlino said on a conference call. "This is just strictly our view of how we can best take the assets we have and make the most of them."

Paragon Report releases regular market updates on the Resorts & Casinos Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities with a focus on slot machine entertainment. The company presently operates twenty-nine facilities in nineteen jurisdictions. The new REIT would own 17 casino facilities encompassing over 3,200 acres of land, 6.9 million square feet of building space and 20,000 structured parking spaces.

Ameristar Casinos is an innovative casino gaming company featuring the newest and most popular slot machines. The company generates more than $1 billion in net revenues annually. The company currently offers an annual dividend of $0.50 per share for a yield of approximately 2.56%.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

http://www.paragonreport.com/disclaimer