Penn National Gaming Seeing Strong Stock Appreciation

Penn National Gaming is one of the most diversified gambling companies in the entire industry. They own and operate high-stakes casinos in Colorado, Illinois, Indiana, Iowa, Louisiana, Maine, Mississippi, Missouri, Ontario and West Virginia.

Penn National Gaming also owns a racetrack and 6 OTWs in the state of Pennsylvania, a legendary racetrack in Ohio, a track in West Virginia and a racetrack in Maine, as well as a 50% share of a racetrack in New Jersey. This Pennsylvania based casino operator has all the makings of an industry leader.

As we approach the end of the 1st quarter, Penn National Gaming is seeing solid growth in their stock price. The stock has moved from around $41 dollars back in December, to up over $47 dollars per share just 8 weeks later.

As the company continues to expand its operations through innovative marketing campaigns and casino expansion, we definitely expect continued growth in 2007. Many analysts in the industry have come out and put a $55 dollar target price on the company by year's end.

The companies CEO Peter Carlino, said to be one of the most dedicated executives in the industry, is someone you don't wanna bet against.

2007-02-26