Pinnacle to sell Lumiere Place Casino and Hotels to Tropicana for $260M

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

Pinnacle Entertainment (PNK) agrees to sell the Lumiere Place Casino, HoteLumiere, the Four Seasons Hotel St. Louis, and related excess land parcels to Tropicana Entertainment for ~$260M.

PNK says it will account for Lumiere Place Casino and Hotels as discontinued operations beginning in Q3.

The sale is part of PNK's fulfillment of the FTC's divestiture conditions related to the acquisition of Ameristar Casinos.