Pinnacle Entertainment (PNK -4.6%) slides on rival Ameristar Casinos' (ASCA +3%) plans to buy a...

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

Pinnacle Entertainment (PNK -4.6%) slides on rival Ameristar Casinos' (ASCA +3%) plans to buy a gaming license for a proposed luxury resort in Lake Charles, La., ensuring stiff competition in PNK's key Louisiana market. "The problem for PNK is that this new and now larger casino will be a competitor to PNK's existing property in Louisiana," an FBR analyst says.