Jefferies Reports On Gaming & Lodging

Jefferies released a report on Gaming & Lodging. Here are the key points: Starwood HOT announced EPS of $0.50, which was $0.01 behind initial estimates. They have a rating of Buy and closed yesterday at $55.36. Morgans Hotel Group MHGC reported a new $100 credit facility that will be used predominantly to foster growth. They have a rating of Hold and closed yesterday at $7.01. Bally Technologies BYI has announced that they will be entering into a new contract with Empire City Casino at Yonkers Raceway in New York. Rating is currently set to Buy and the stock closed yesterday at $40.07.