PENN, Penn National Gaming Inc.
PENN reported that it intends to pursue a plan to separate its gaming operating assets and real property assets into two publicly traded companies including an operating entity, Penn National Gaming (�PNG�), and, through a tax-free spin-off of its real estate assets to holders of PENN common stock, a newly formed, publicly traded real estate investment trust (�REIT�) (�PropCo�), subject to required gaming regulatory body approvals.
Highlights Include:
- Creation of the first gaming focused REIT
- PropCo shareholders to be entitled to ordinary dividend which, based on pro forma 2013 guidance, would be $2.36 per PENN share
- Spin-off of PropCo shares to PENN shareholders expected to occur in the second half of 2013 with REIT election effective by January of 2014
PENN owns, operates or has ownership interests in gaming and racing facilities with a focus on slot machine entertainment.
More about PENN at www.pngaming.com
Viral video marketing is becoming a more important and effective online marketing tactic. In fact, research has shown that video ads are more powerful than any other form of advertising.
Crown Equity Holdings Inc., (CRWE) recently launched CRWE Tube, www.crwetube.com, a video sharing site that allows billions of people around the world to upload, watch and share original videos.
CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them.
CRWE�s advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness.
More about CRWE at www.crownequityholdings.com.
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