The spin-off will be called Gaming and Leisure Properties Inc. and will operate as a REIT. The new company will own 19 casinos, more than 2,900 acres of land, and 6.6 million square feet of business space.
Shares of Penn Gaming are up 1.7% in after-hours trading today at $53.85 in a 52-week range of $37.00 to $59.93.
Specialty retailer Zumiez Inc. (NASDAQ: ZUMZ) reported same-store sales for June after markets closed today. The company said sales rose 1% in the period ending July 6th. In June of last year the company recorded a gain of 8.2%. Retail research firm Retail Metrics had forecast a gain of 2.1%.
Shares of Zumiez are down about 3.1% after hours today, at $30.05 in a 52-week range of $17.93 to $38.57.
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