Wall Street Transcript's ''Growth Stocks'' Issue Includes Interview with NewMarket Technology, Inc. and Harrah's Agrees to Be Acquired by Apollo and T16 January 2007
Resorts & Casinos industry news provided by Financial News USA (OTC: FNWU). NewMarket Technology, Inc. (OTCBB:NMKT) recently announced the inclusion of NewMarket Technology in the "Growth Stocks" Issue of the Wall Street Transcript, published December 18, 2006. Another letter of intent (LOI) has been signed with Diamond I, Inc. (OTCBB:DMOIE) to publicly list the company's WiFi operations and pursue DMOIE's patented wireless gaming technology. Harrah's Entertainment, Inc. (NYSE: HET) recently announced it has entered into a definitive agreement for affiliates of Texas Pacific Group (TPG) and Apollo Management, L.P. to acquire Harrah's in an all-cash transaction valued at approximately $27.8 billion, including the assumption of approximately $10.7 billion of debt. Under the terms of the agreement, Harrah's stockholders will receive $90.00 in cash for each outstanding Harrah's share. The chief operating officer of Wynn Resorts Ltd. (Nasdaq:WYNN), an operator of hotels and casinos, sold 9,200 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Monday. In a Form 4 filed with the SEC, Marc D. Schorr reported he sold the shares Friday for $95.52 apiece. Wynn Resorts is based in Las Vegas. Citigroup cut casino operator Station Casinos, Inc. (NYSE:STN) to hold from buy, citing valuation. The broker told clients that the potential takeout price for the company is unlikely to yield the required 15% upside to the current trading price of the shares. Station Casinos earlier this month received a buyout offer by a management-led investor group of $82 a share. Citigroup said it believes a modest increase in the offer price is possible. About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com Contact Information: Financial News USA Tel: (626) 961-8067 Email: info@financialnewsusa.com
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