Replies to post #521126 on Zeev's Turnips Patch-No Politics (ZEEV)

[ZoZoStockWatch]

11:44 Color on stock action: ISLE, PNK, LVS

It appears that some of the Penn gaming license awards are crossing the wires... For color, we note that Wachovia said on Dec 18 that: "...three companies in their coverage universe have a stake in the Pennsylvania Gaming Control Board decisions. Isle of Capri (ISLE), Las Vegas Sands (LVS), and Pinnacle Entertainment (PNK) are all vying for a gaming license. Firm estimates the Pennsylvania licenses are of more significance to ISLE and PNK. They believe a license could add up to $5.00 to ISLE shares and $10.00 to PNK shares. They say the decision does not matter as much to LVS, as they believe a license could only add up to $1.00 to its shares."... Susquehanna said on Dec 19 that: "believes that the decisions will have been made prior to the meeting and they do not expect any additional discussion or debate. They continue to believe H.S.P. is favored to win one of the two Philadelphia licenses. Firm thinks the second Philly license is a jump ball between PNK and Foxwoods. Isle of Capri (ISLE) is favored for the lone Pittsburgh license, and they believe LVS and Mt Airy will win the two at-large licenses."