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New York, NY -- (SBWIRE) -- 11/16/2012 -- Penn National Gaming Inc. (NASDAQ:PENN), the operator of 29 casinos and racetracks, surged the most since its market debut 18 years ago after announcing plans to split into two public companies by placing 17 properties into a real estate investment trust.The shares gained as much as 34 percent to $50.50 in New York today, after the company said yesterday it will spin off the properties into the first casino-focused REIT. Penn National will continue to run most of the casinos and tracks, according to a statement (PENN) from the Wyomissing, Pennsylvania-based company.
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OfficeMax Incorporated (NYSE:OMX), a leader in office and facility supplies, technology and services, today launched its Black Friday circular at OfficeMax.com, providing a preview of hot deals on holiday gifts that will be available online starting Thanksgiving morning and in stores on Black Friday. OfficeMax Inc. (OMX) gapped open sharply higher Friday morning and is now up 1.92 at $10.15 on above average volume. The stock has broken out of a 2-month range and has set a new high for the year.Boise Cascade filed for an initial public offering Thursday evening. OfficeMax holds a $175 million investment in affiliates of Boise Cascade.
Should A Trader Buy Or Sell OMX Now: CHECK HERE
MGM Resorts International is a holding company. The Company is a hospitality company. Its primary business is the ownership and operation of casino resorts, which includes offering gaming, hotel, convention, dining, entertainment, retail and other resort amenities. Its operations are conducted through the Company’s wholly owned subsidiaries. The Company has two segments that are based on the regions, in which it operates: wholly owned domestic resorts and MGM China. Shares of MGM Resorts Inter (NYSE:MGM) are trading at $9.765 and is -6.92% from its 50-day Moving Average price of $10.4912 and -8.14% from its 200-day Moving Average price of $10.6301. The average trading volume is 9251200 shares and its market capitalization is $4.777B.
Should Investor Buy OR Sell This Stock: CLICK HERE
Foot Locker, Inc (NYSE:FL) announced on Friday a significant boost in profit for the Q3 assisted by strong growth in sales at established stores.The company reported earnings and revenues results surpassed Wall Street forecasts. Shares of the company hiked almost 6% in pre-market trading.Specialty athletic retailer reported that net income hiked to $106 million or $0.69 a share from $66 million or $0.43 a share in the earlier year and $59 million or $0.39 a share in the earlier three months period.The company announced adjusted earnings of $0.63 a share. Thomson Reuters 14 analysts survey on average anticipated earnings of $0.54 a share for the three months period.
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