On Monday, Penn National Gaming, Inc (NASDAQ:PENN)’s shares declined -2.77% to $17.20.
Penn National Gaming, Inc. (PENN) declared that it received approval recently from the Nevada Gaming Commission (“NGC”) to complete the Company’s planned $360 million acquisition of Tropicana Las Vegas. The NGC’s approval represents the final step in the regulatory process to finance and acquire the property following earlier approvals in several other jurisdictions where the Company operates. Penn National plans to complete the purchase of Tropicana Las Vegas on August 25, 2015.
Tropicana Las Vegas is situated on a 35-acre land parcel at the corner of Tropicana Boulevard and Las Vegas Boulevard, about 2.5 miles from McCarran International Airport at the southern end of the Las Vegas Strip. The property has undergone over $200 million of upgrades over the past four years, counting renovations of all its nearly 1,500 guest rooms. Other amenities comprise a 50,000 square foot casino with over 1,000 gaming positions, a sports book, three full service restaurants, a food court, a 1,200-seat performance theater, the 300 seat Laugh Factory comedy club, over 100,000 square feet of exhibition and meeting space, and a five-acre tropical beach event area and spa.
Penn National Gaming, Inc. owns and operates gaming and pari-mutuel properties. It operates through East/Midwest, West, and Southern Plains segments. The company is involved in gaming and racing operations. As of December 31, 2014, it operated 26 facilities in 17 jurisdictions, counting Florida, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario.
Acadia Healthcare Company Inc (NASDAQ:ACHC)’s shares dropped -5.39% to $69.71.
Acadia Healthcare Company, Inc. (ACHC) declared the commencement of an underwritten offering of 5,033,230 shares of its common stock, par value $0.01 (the “Common Stock”), by investment funds associated with Waud Capital Partners, L.L.C., investment funds associated with Bain Capital Investors, LLC, and certain current and former officers and directors of the Company. The Company will not receive any proceeds from the offering.
UBS Investment Bank is acting as the underwriter of the offering.
Acadia Healthcare Company, Inc. develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, and substance abuse facilities providing outpatient behavioral healthcare services to serve the behavioral health and recovery needs of communities in the United States, the United Kingdom, and Puerto Rico. Its acute inpatient psychiatric facilities offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities comprise residential recovery facilities, eating disorder facilities, and comprehensive treatment centers providing a comprehensive continuum of care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers treat patients with behavioral disorders in a non-hospital setting, counting outdoor programs.
At the end of Monday’s trade, Aecom (NYSE:ACM)‘s shares dipped -5.28% to $25.81.
AECOM (ACM), declared that it has been selected by Dakota Gasification Company, also known as “Dakota Gas” to provide construction services at the company’s Great Plains Synfuels plant in Beulah, N.D.
AECOM will provide construction services at the Synfuels plant to diversify the plant’s product slate. AECOM’s services are predictable to follow the project lifecycle through commissioning and start-up assistance.
AECOM, together with its auxiliaries, provides professional technical and administration support services for public and private clients worldwide. The company operates through two segments, Professional Technical Services (PTS) and Administration Support Services (MSS). It offers planning, consulting, architectural and engineering design, and program and construction administration services for a range of projects, counting highways, airports, bridges, mass transit systems, government and commercial buildings, water and wastewater facilities, and power transmission and distribution.
FLIR Systems, Inc. (NASDAQ:FLIR), ended its Monday’s trading session with -4.35% loss, and closed at $27.50.
FLIR Systems, Inc. (FLIR) declared financial results for the second quarter ended June 30, 2015. Revenue was $393 million, up 6% compared to second quarter 2014 revenue of $369.4 million. On a constant-currency basis, revenue for the second quarter was up 12% compared to the prior year, as foreign currency exchange fluctuations negatively impacted revenue by approximately $20 million. Operating income in the second quarter was $70.5 million, compared to $59.4 million in the second quarter of 2014. Operating income was impacted by pretax charges related to previously-announced restructuring initiatives of $0.5 million in the second quarter of 2015 and $3.5 million in the second quarter of 2014. Second quarter 2015 net income was $50.5 million, or $0.36 per diluted share, compared with net income of $44.8 million, or $0.31 per diluted share in the second quarter a year ago. Net income was impacted by after-tax restructuring charges of $0.3 million in the second quarter of 2015 and $2.7 million, or $0.02 per diluted share, in the second quarter of 2014. Cash provided by operations in the second quarter of 2015 was $48.9 million.
FLIR Systems, Inc. designs, manufactures, and markets thermal imaging, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, OEM and Emerging Markets, Maritime, Security, and Detection. The Surveillance segment develops and manufactures improved imaging and recognition solutions for various military, law enforcement, public safety, and other government customers for the protection of borders, troops, and public welfare.
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