Isle of Capri
lost out on their bids to build casinos in Pennsylvania, sending their shares sharply lower Wednesday.
The Pennsylvania Gaming Board met Wednesday morning to vote on several proposals for the first slot licenses in the state.
A source with knowledge of the meeting said proposals for a casino called SugarHouse and an outpost of New England's Foxwoods casino came in No. 1 and No. 2, respectively, for licenses in Philadelphia, beating out bids by Pinnacle and Trump.
Trump shares plunged 11% to $20.26 in midday trading, and Pinnacle fell 3.9% to $34.12.
( HET) and Isle of Capri both lost out on proposals in Pittsburgh, the source says.
Isle of Capri shares recently were down 9.1% to $26.06.
Las Vegas Sands
, meanwhile, won its bid for a slots license in Bethlehem.
Las Vegas Sands shares were up 68 cents, or 0.8%, to $91.92.