Tag Archives: Pinnacle
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 names Ohio project as Belterra Park Gaming & Entertainment Center
Pinnacle Entertainment has now announced the name of its Cincinnati, Ohio-based racetrack now under extensive redevelopment; Belterra Park Gaming & Entertainment Center. Set to open in May of 2014, pending regulatory approvals, the 122-acre Belterra Park Gaming & Entertainment Center represents an expected investment of more than $300m for Pinnacle Entertainment inclusive of land and licensing…
US – Pinnacle shines light on Lumiere deal
Pinnacle Entertainment has entered into a definitive agreement for the sale of Lumiere Place Casino HoteLumiere, and the Four Seasons Hotel St. Louis, to Tropicana Entertainment for $260m. Anthony Sanfilippo, Chief Executive Officer of Pinnacle Entertainment, said: “We are pleased to enter into this agreement with Tropicana and to sell the high quality assets underlying…
US – Pinnacle doubles down following Ameristar conclusion
Pinnacle Entertainment announced has concluded its takeover of Ameristar Casinos for US$ 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…
