Tag Archives: Ameristar
US – Penn National secures Ohio and Louisiana approvals
Penn National Gaming has received approvals from the Ohio Casino Control Commission and the Louisiana Gaming Control Board in connection with its acquisition of Pinnacle Entertainment. The completion of the proposed transaction is contingent on receipt of additional regulatory approvals, as well as certain other conditions. Timothy J. Wilmott, Chief Executive Officer of Penn National,…
US – Revenue on the up for enlarged Pinnacle
Revenue was up in the third quarter for Las Vegas-based Pinnacle Entertainment although the company still reported a loss of US$180.4m. The operator, who runs, 14 casinos and two racinos in nine states, saw revenues increase by $162.8m or 63.6 per cent to $418.9m, and Consolidated Adjusted EBITDA increase by $37.4m or 57.5 per cent…
US – Pinnacle doubles down following Ameristar conclusion
Pinnacle Entertainment announced has concluded its takeover of Ameristar Casinos for US$ 2.8bn adding eight properties to its estate which has doubled in size to 16 casinos in nine states. The deal excludes the Ameristar Casino Lake Charles development project and Pinnacle’s Lumiere Place Casino and Hotels which are potentially being divested. Anthony Sanfilippo, CEO…
