Soon Every Casino Will Be Doing This
Shares of Penn National Gaming (NAS: PENN) jumped up 22% after announcing that it will split off its real estate assets into a real estate investment trust, or REIT. In this video, Motley Fool analysts Blake Bos and Austin Smith discuss how this is going to save the company an estimated $160 million in real estate taxes each year, and why some analysts think shares of similar companies, such as Las Vegas Sands (NYS: LVS) , could potentially double if they adopted the same strategy.
For many companies, successfully capitalizing on a booming Chinese economy is like winning the jackpot. That's literally the case for gaming company Las Vegas Sands, which made a big bet on Macau gaming about a decade ago that's paid off in spades. The company is now looking to spread its empire further, but will it be able to replicate its prior successes? Learn about all these opportunities, and the risks they pose, in our brand-new premium report on Las Vegas Sands. We're providing a full year of analyst updates to go with it, so make sure to claim your copy today by clicking here.
The article Soon Every Casino Will Be Doing This originally appeared on Fool.com.Austin Smith, Blake Bos, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.