Shares of Park Place Entertainment (PPE:NYSE) rose more than 4% Tuesday after Merrill Lynch upgraded the casino to buy from neutral, telling investors that Atlantic City results could be better than expected.

In addition to raising his rating, Merrill Lynch analyst David Anders established a 12-month price target of $13, implying upside of 25% over the next year. In reaction to the upgrade, Park Place shares jumped 44 cents to $10.66.
Read the full story at TheStreet.com

The Ho-Chunk Nation, which operates casinos in Wisconsin, is searching for sites in the south suburbs for an entertainment complex that would include a casino and hotel, local officials stated Wednesday.

Apart from a casino, the project could also include more family-friendly attractions such as a museum and water park.

The Chicago Southland Chamber of Commerce has been working with the nation for five or six months, supplying the Native American tribe with information about the Southland, chamber chairman Manny Hoffman said.
Read the full story at GamblingMagazine.com