Seeking Alpha

Pinnacle Entertainment works out deal with FCC to shed casinos

  • Pinnacle Entertainment (PNK) agrees to sell two casinos to appease regulators. The regulatory pressure followed the purchase of AmeriStar Casinos by Pinnacle earlier this year.
  • The company will sell Lumiere Place Casino in St. Louis, Missouri and all its interest in a property under development for Lake Charles, Louisiana.
  • FTC consent order.
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