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hollywood casino tunicaPenn National Gaming (NASDAQ:PENN) slumped Thursday after the company said it’s selling 14 million shares of equity.After all, Chairman and CEO Sheldon Adelson once famously said “Yay, dividends,” and he told analysts and investors he’d like to resume a dividend as soon as is practical.It’s a move that will raise capital, but also dilute current investors.free slots zorro2 billion in cash and .Penn is continuing a trend of gaming companies capitalizing on resurgent equity to raise capital via secondary sales.11 billion, based on Wednesday’s close of .miami club casino codes

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poker casino malta(Image: Sahara Las Vegas)The Meruelo Group, the holdings conglomerate of Cuban-American billionaire Alex Meruelo, didn’t admit guilt in its settlement with the Nevada Gaming Control Board (NGCB).As stocks rallied off the March lows, casino and sportsbook operators sold billions worth of new equity to bolster balance sheets.11 billion, based on Wednesday’s close of .In the aforementioned statement, the company doesn’t say at what price the new shares will be sold.The casino resort on the Strip’s northern end was rebranded back to Sahara in August of 2019.Penn National Gaming (NASDAQ:PENN) slumped Thursday after the company said it’s selling 14 million shares of equity.247 free slot games