Pinnacle Entertainment works out deal with FCC to shed casinos

|About: Pinnacle Entertainment, Inc. (PNK)|By:, SA News Editor

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.