NEW YORK, March 7, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting Boyd Gaming Corporation (NYSE: BYD), International Game Technology (NYSE: IGT), Bally Technologies Inc. (NYSE: BYI), Pinnacle Entertainment, Inc (NYSE: PNK) and SHFL Entertainment Inc (NYSE: SHFL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Boyd Gaming Corporation Research Report
Boyd Gaming is again on the radar after the company reported net revenue of $625.8 million, up 3.2 percent from $606.7 million. Furthermore, the company is selling its Echelon site to the Genting Group for $350 million in order to improve its long-term financial position. While the company is still committed to serving the Las Vegas market, Boyd Gaming now believes that developing a large-sale project on the Las Vegas strip "was not consistent with its current strategy." Recently, Boyd Gaming also sold the assets of Dania Jai-Alai. Moving forward, the company expects that its Peninsula acquisition will further diversify the company and strengthen its balance sheet by expanding free cash flow. By divesting from other areas, Boyd Gaming can now focus on integrating its Peninsula acquisition, opening new growth opportunities. The Full Research Report on Boyd Gaming Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/5c85_BYD]
International Game Technology Research Report
IGT is currently in the process of choosing eight incumbent directors. These directors will decide on the company's long-term growth strategies. Some of the strategies that the company is considering are to invest in online, social and mobile gaming. While decisions are being made, IGT has been improving its extensive patented games portfolio. The company recently partnered with Genesis Gaming to provide innovative video slot games. Furthermore, Gov. Chris Christie recently approved online gambling within New Jersey, giving IGT an opportunity to place its slot content in operator websites based in the state. The Full Research Report on International Game Technology - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/dcf6_IGT]
Bally Technologies Inc. Research Report
Bally Technologies has been extending the reach of its products by partnering with other companies. The company recently signed an agreement with Amaya Gaming Group to integrate Amaya's Ongame Poker Platform into Bally's iGaming Platform. This agreement validates the transformation of the online gaming sector, integrating traditional and online systems. Recently, Bally Technologies also brought its content to OpenBet, one of the world's leading providers of interactive gaming. By extending the reach of its products, Bally can now expect greater revenue from a global online audience. The Full Research Report on Bally Technologies Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/61f1_BYI]
Pinnacle Entertainment, Inc Research Report
Shares of Pinnacle Entertainment rose by 2 percent after analysts at Nomura initiated coverage on the company with a Buy Rating and a 12-month price target of $18. The analysts highlighted Pinnacle's pending acquisition of Ameristar Casinos, which should result in 25 percent EPS growth through 2015. Pinnacle also expects that this acquisition will give the company greater scale, broader diversification and the opportunity to become more efficient by combining operations. With these benefits from the acquisition, many believe that Pinnacle may achieve another year of significant growth. The Full Research Report on Pinnacle Entertainment, Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/c3db_PNK]
SHFL Entertainment Inc Research Report
SHFL Entertainment recently reported its first quarter 2013 results, with total revenue growing 5 percent to $58 million. The company highlighted its strong performance in Asia and its 12 percent recurring revenue growth. To further drive growth, SHFL plans to continue investing in its products, expanding its business internationally and online, and will also look for M&A opportunities. The diversity of the company's product segments and its presence in many markets may also help the company continue its momentum. With a strong balance sheet and consistent cash flows, SHFL is well-positioned to invest its business further. The Full Research Report on SHFL Entertainment Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/ecd8_SHFL]
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Contact: Patricia Byers