Penn National Gaming, Inc. (PENN) Message Board

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Non-Tech : Penn National Gaming, Inc. (PENN)

PENN 15.10

+3.1%

Dec 26 9:30 AM EST

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From: nickholder1123	11/8/2012 8:44:24 PM
	of 51

Moody’s raises Penn National Gaming outlook Moody's Investors Service raised Penn National Gaming Inc.'s outlook as well as its secured bank loan rating on June, saying the casino operator has done well compared to its rivals and improved its credit profile. However, the performance of Penn since June didn’t see any opportunity to invest. I think here is the reason: MGT Gaming, Inc. has filed a lawsuit claiming patent infringement against multiple companies believed to be violating MGT Gaming's United States Patent No. 7,892,088 ("the ‘088 Patent") entitled "Gaming Device Having a Second Separate Bonusing Event." Penn National Gaming, Inc. is among the multiple companies that may either manufacture, sell or lease gaming systems in violation of MGT Gaming's patent rights, or operate casinos that offer gaming systems in violation of MGT Gaming's patent rights. We really don’t know when and what is the outcome of the lawsuit, but if MGT win the lawsuit, Penn will have to pay royalties. It may raise the stock price of MGT and drop down that of Penn for sure.

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