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Tutor Perini Building Corp. Awarded $220 Million Eagle Mountain Casino Phase 2 Expansion

1. TPC awarded a $220 million contract for Eagle Mountain Casino expansion. 2. The project involves a 193-room tower construction in Porterville, CA.

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FAQ

Why Bullish?

The contract reflects strong demand and solidifies TPC's position in the market, similar to previous projects that boosted their stock after winning significant contracts.

How important is it?

Winning a sizable contract like this enhances TPC's revenue stream and investor confidence, likely impacting their stock positively.

Why Short Term?

Contract announcements typically influence stock prices quickly, affecting TPC's stock in the near term as investors respond to the news.

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LOS ANGELES--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Tutor Perini Building Corp., has been awarded a contract by the Tule River Gaming Authority valued at approximately $220 million for the Eagle Mountain Casino Phase 2 Expansion. The project is located in Porterville, California. The scope of work includes construction of a new 193-room tower with a rooftop restaura.

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