Isle of Capri Gets a Boost!
According to a news report that circulated this afternoon on MSNBC, "experts" are now saying that the Isle of Capri gaming company is now in very good position to win the stand alone slots license in Pittsburgh.
The info comes from Equity Research Gaming published by the Susquehanna Financial Group. It states that there are new odds predicting who will win the stand alone slots license, and they are very favorible when it comes to IOC. The report shows that the odds for the IOC bid have increased, the odds for Station Square Gaming have decreased and the odds for PITG have stayed the same. These changes, according to the report, put IOC in the strongest position to win the license.
This news breaks just days after the Pittsburgh Penguins announced that Jim Balsillie, chairman and co-CEO of Research in Motion - a company that markets Blackberry wireless products and services, has signed a purchase agreement to purchase the team.
Many people feared that Mr. Balsillie's intention was to move the Penguins out of Pittsburgh and into Hamilton, Ontario, but those fears may have been premature. Mr. Balsillie stressed the fact that he wants to keep the Penguins in Pittsburgh if a new arena can be built.
Local government in Pittsburgh has attached themselves to Plan B, an alternative to the IOC partnership with the Penguins, and claims that a new arena will be built here regardless of who wins the Slots license. This is by no means a sure thing, but it is a ray of hope.
If the Isle of Capri wins the stand alone slots license, it guarantees that the Penguins stay in Pittsburgh. Lets hope that becomes a reality.
*****
Something else to keep an eye on is the fact that Harrah's Entertainment Inc. is being sued by a couple of it's shareholders. The shareholders are crying foul over the proposed Texas Pacific Group and Apollo Management stock buyout. If this grows into a bigger situation it could hurt Harrah's chances for winning the Pittsburgh slots license even more. This is part of the reason for their odds dropping in the first place.
Cross your fingers Pens fans.....
The info comes from Equity Research Gaming published by the Susquehanna Financial Group. It states that there are new odds predicting who will win the stand alone slots license, and they are very favorible when it comes to IOC. The report shows that the odds for the IOC bid have increased, the odds for Station Square Gaming have decreased and the odds for PITG have stayed the same. These changes, according to the report, put IOC in the strongest position to win the license.
This news breaks just days after the Pittsburgh Penguins announced that Jim Balsillie, chairman and co-CEO of Research in Motion - a company that markets Blackberry wireless products and services, has signed a purchase agreement to purchase the team.
Many people feared that Mr. Balsillie's intention was to move the Penguins out of Pittsburgh and into Hamilton, Ontario, but those fears may have been premature. Mr. Balsillie stressed the fact that he wants to keep the Penguins in Pittsburgh if a new arena can be built.
Local government in Pittsburgh has attached themselves to Plan B, an alternative to the IOC partnership with the Penguins, and claims that a new arena will be built here regardless of who wins the Slots license. This is by no means a sure thing, but it is a ray of hope.
If the Isle of Capri wins the stand alone slots license, it guarantees that the Penguins stay in Pittsburgh. Lets hope that becomes a reality.
*****
Something else to keep an eye on is the fact that Harrah's Entertainment Inc. is being sued by a couple of it's shareholders. The shareholders are crying foul over the proposed Texas Pacific Group and Apollo Management stock buyout. If this grows into a bigger situation it could hurt Harrah's chances for winning the Pittsburgh slots license even more. This is part of the reason for their odds dropping in the first place.
Cross your fingers Pens fans.....
posted by Bmetzer66 at 11:54 PM
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