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Tag Archives: Pinnacle Entertainment

US – Penn National Gaming completes acquisition of Pinnacle Entertainment

Penn National Gaming has completed its previously announced acquisition of Pinnacle Entertainment, as well as the related divestitures to Boyd Gaming Corporation and the real estate transactions with Gaming and Leisure Properties, Inc. (GLPI). The transaction further enhances Penn National’s position as North America’s leading regional gaming operator, with 40 facilities in 18 jurisdictions: Colorado,…

US – Boyd buys four Pinnacle properties

Boyd Gaming has completed its acquisition of the operations of four properties from Pinnacle Entertainment, Ameristar St. Charles (Missouri); Ameristar Kansas City (Missouri); Belterra Casino Resort in Florence, Indiana; and Belterra Park Gaming & Entertainment Center in Cincinnati, Ohio. As part of the transaction, Boyd Gaming has entered into a master lease agreement with Gaming…

US – Pinnacle launches Sports Wagering at Ameristar Vicksburg

Pinnacle Entertainment has opened a full-service, dedicated sports wagering venue at Ameristar Casino Hotel Vicksburg in Mississippi. The new sports wagering venue at Ameristar Vicksburg is called The End Zone, and represents the largest full-service sports wagering experience in central Mississippi. Anthony Sanfilippo, Chief Executive Officer of Pinnacle Entertainment, commented: “The guests of Pinnacle Entertainment…

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 – Mississippi Gaming Commission approves Penn’s purchase of Pinnacle

The Mississippi Gaming Commission and the Pennsylvania State Horse Racing Commission have approved Penn National Gaming’s pending 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 Gaming, said: “We are grateful…

US – Penn’s deal to buy Pinnacle approved in Pennslyvania

The Pennsylvania Gaming Control Board and the West Virginia Lottery Commission have approved Penn National’s pending acquisition of Pinnacle Entertainment. The completion of the proposed transaction is contingent on receipt of additional regulatory approvals, as well as certain other conditions. “We are grateful for the prompt review by the PGCB and WVLC of the proposed…

US – Boom time for Pinnacle following record breaking year

Pinnacle Entertainment, the US operator that has just been bought by Penn National, has reported a record year with its best ever revenue and EBIDTA. Net revenues for the year increased by $183m or 7.7 per cent year over year to a record $2.6bn. Net revenues included a $281.9m contribution from The Meadows versus $83.9m…

US – Penn National confirms discussions with Pinnacle Entertainment

In light of recent market speculation, Penn National Gaming has confirmed it is engaged in discussions with Pinnacle Entertainment regarding a potential business combination, whereby Penn National would acquire Pinnacle in a cash and stock transaction. The company said: “These discussions may or may not lead to any transaction, and the Company does not intend…

US – Asian games helps boost Pinnacle’s first quarter

Asian-focused gaming has helped boost Pinnacle Entertainment first quarter net revenues by 10.3 per cent. The operator generated $640m in Q1, an increase of $60m, driven also by the inclusion of $69.2m from The Meadows Racetrack and Casino. 2017 first quarter results include strong performances at Ameristar Black Hawk, Ameristar Council Bluffs, Belterra Resort, Belterra…