This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

6 Casino Stocks: What's the Right Bet for Earnings Season?

Stocks in this article: WYNN PENN PNK MPEL LVS MGM ASCA

Pinnacle Entertainment

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Pinnacle Entertainment (PNK) is a buy following Penn National Gaming's strong first-quarter results and impressive outlook, according to analysts.

"We believe Penn's guidance speaks to the comfort level management has in the recovering domestic gaming patron in 2011 and the ability to expand margins without assuming considerable boosts in patron spend," Santarelli wrote in a note. "We would be buyers of Pinnacle for this reason as well."

In March, Pinnacle announced the resignation of its Chief Financial Officer Stephen Capp, who left the company to pursue new opportunities. Capp was replaced by Carlos Ruisanchez, Pinnacle's executive vice president of strategic planning and development.

"While losing a solid member of a management team is never a positive, we do not believe Mr. Capp's resignation was driven by internal strife, but more a desire to pursue new opportunities after eight years in his current role," Greff wrote following the announcement.

Pinnacle also announced in March that it entered into a strategic agreement with Wynn Resorts that will allow customers use their loyalty points at the Wynn and Encore resorts on the Las Vegas Strip.

Pinnacle doesn't have a Strip casino, and Wynn doesn't have other regional operations.

"The alliance is unique in that it will allow Pinnacle to reward its top players with a Vegas experience without having to outlay the capital required to build, buy or maintain a Vegas asset," Santarelli wrote following the announcement.

Santarelli believes this will be one of several announcements from Pinnacle regarding providing benefits to its tiered customers.

Pinnacle is scheduled to report its first-quarter results on April 28, and analysts are calling for a profit of 4 cents a share on revenue of $289.5 million.

"We continue to believe that Pinnacle's relatively new CEO, Anthony Sanfilippo, and his team will drive increased operating efficiencies, allocate capital prudently and sell noncore businesses/assets," Greff wrote.

--Written by Jeanine Poggi in New York.

>To contact the writer of this article, click here: Jeanine Poggi.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:

7 of 7

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs