On Friday, Shares of Penn National Gaming, Inc (NASDAQ:PENN), added 2.57% and closed at $14.35 in the last trading session. The last trading range of the stock ranges between $14.02 and $14.36. The company’s Market capitalization is $1.23 Billion with the total Outstanding Shares of 83.38Billion. During the 52-week trading session the minimum price at which share price traded, registered at $12.50 and reached to max level of $19.05. Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”) declared recently that Hollywood Casino Jamul – San Diego, which it developed on behalf of the Jamul Indian Village of California (“JIV” or the “Tribe”), will open its doors to the public on Monday, October 10, 2016. JIV and Penn National recently received final approval from the National Indian Gaming Commission (“NIGC”) for Penn National to manage the facility. In addition, JIV intends to proceed with the about $460 million refinancing of the project, which was recently the subject of a declination letter from the NIGC.
Timothy J. Wilmott, President and Chief Executive Officer of Penn National, commented, “We are grateful to the Jamul Indian Village for giving us the opportunity to build this spectacular regional entertainment destination and are honored to serve as the manager of their facility and to assist them realize their aim of becoming economically self-sufficient. Hollywood Casino, which created more than 1,200 construction jobs and about 1,000 permanent jobs, is the closest gaming facility to downtown San Diego and we look forward to providing our guests an unparalleled entertainment, gaming and dining experience.”
Shares of American Capital Ltd. (NASDAQ:ACAS), subtract -0.12% and closed at $16.99 in the last trading session. The last trading range of the stock ranges between $16.96 and $17.04. The company’s Market capitalization is $3.66 Billion with the total Outstanding Shares of 215.45Billion. During the 52-week trading session the minimum price at which share price traded, registered at $12.14 and reached to max level of $17.11. American Capital, Ltd. is a business development company specializing in administration and employee buyouts, subordinated debt, leveraged finance, mezzanine, acquisition, recapitalization, middle market, early venture, mature, industry consolidation, and growth capital investments. The firm seeks to invest in senior debt mezzanine, unitranche, and equity financing for buyouts of private equity firms and direct in private and public companies. It also invests in special situations and in government. In special situations, the firm invests in troubled situations and in distressed situations. The firm also considers smaller investments as add-on acquisitions for existing portfolio companies. In this area, it invests in acquisitions of true turnarounds, 363 auctions, portfolio add-on acquisitions, operationally challenged companies; financings in exit, ABL loans, second lien refinance, and direct lending to distressed companies. The firm invests in manufacturing, services, and distribution companies with a special focus on energy sector. The firm also invests in infrastructure and structured products. The firm also invests in business services, consumer products and services, industrial, healthcare and food companies. The firm prefers to invest in Information Technology focusing on Custom information technology solutions, Technology and software enabling headcount reduction, and Technology and software enabling cost reductions in conducting transactions with or within government. The firm also invests in digital media and entertainment, internet and consumer related, communications, mobile and wireless, security and data center infrastructure, software and services, semiconductor, and other innovative technologies. The firm also invests in various industry sectors, counting life science services, medical device, medical tools and equipment, and healthcare services, among others. In energy production sector, the firm invests in lower risk oil and gas exploration, production and development; natural gas liquids; coal mining and coal-fired generation; uranium mining and nuclear-fired generation; wind-powered generation; and solar-powered generation. In energy transmission sector, the firm invests in oil and gas pipelines; LNG tankers and regasification facilities; and power transmission. In energy distribution sector, it targets propane distribution; gas distribution; electricity distribution. In energy services sector, the firm invests in oil and gas services and utility services.