Shares of Penn National Gaming (NASDAQ: PENN) jumped up 22% after announcing that it will split off its real estate assets into a real estate investment trust, or REIT. In this video, Motley Fool analysts Blake Bos and Austin Smith discuss how this is going to save the company an estimated $160 million in real estate taxes each year, and why some analysts think shares of similar companies, such as Las Vegas Sands (NYSE: LVS), could potentially double if they adopted the same strategy.
How one casino popped after saving millions in real-estate taxes.
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