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Penn National Gaming’s (NASDAQ:PENN) announcement yesterday to split its businesses into two separate publicly traded companies, one a gaming focused REIT and the other a gaming operator, has sent stocks in the casino sector into a bull orbit: Ameristar Casinos (NASDAQ:ASCA) +13.47%, Melco Crown (NASDAQ:MPEL) +1.92% , and Wynn Resorts (NASDAQ:WYNN) +0.65%, Las Vegas Sands (NYSE:LVS) +3.75% and MGM Resorts (NYSE:MGM) +3.63%.
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