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Tag Archives: Pinnacle Entertainment

Ameristar owner Pinnacle reaches real estate deal with GLPI

Gaming and Leisure Properties, Inc. and Pinnacle Entertainment, Inc., today jointly announced that they have entered into a definitive agreement under which GLPI will acquire substantially all of Pinnacle’s real estate assets in an all-stock transaction. The properties include Ameristar Casino in Vicksburg, which will be leased from GLPI and continue to be operated by Pinnacle. “There’s only a limited ...

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Ameristar merger boosts analyst's rating of Pinnacle

NEW YORK — An RBC Capital Markets analyst raised his rating and price target for Pinnacle Entertainment Inc. on Thursday, saying its pending acquisition of Ameristar Casinos Inc. should help its business in multiple ways. THE SPARK: The analyst John Kempf lifted Pinnacle to “Outperform” from “Sector Perform” and boosted its price target to $24 from $18. THE BACKGROUND: Pinnacle ...

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Vicksburg's Ameristar will remain Ameristar when sale goes final

In a business where property name changes are a good bet to follow ownership changes, it appears Vicksburg’s Ameristar Casino will maintain its long-standing identity when it merges with Pinnacle Entertainment later this summer. “There won’t be any name changes,” said Anthony Sanfilippo, chief executive officer of Pinnacle said following the company’s suitability and licensure hearing Thursday at the Mississippi ...

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Pinnacle resolves FTC complaint in purchase of Ameristar Casinos

The sale of Ameristar Casinos to Pinnacle Entertainment is ready to move forward after Pinnacle said it has reached a tentative agreement on a complaint by the Federal Trade Commission. The sale includes Ameristar in Vicksburg, which employs 800 at its 72,210-square-foot casino and hotel. In addition to Vicksburg, Ameristar owns and operates casino facilities in St. Charles near St. Louis, Mo.; ...

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Ameristar-Pinnacle deal slowed by FTC issues in Missouri, Louisiana

A complaint by the Federal Trade Commission has slowed Pinnacle Entertainment’s attempt to purchase Ameristar Casinos, which includes Vicksburg’s largest casino. The stockholders of Las Vegas-based Ameristar Casinos Inc. on April 25 approved the company’s planned acquisition by Pinnacle Entertainment, which had been disclosed in December. But Pinnacle is believed to be in talks with the FTC, which last week ...

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