Market Overview

Mississippi Gaming Commission Approves Acquisition of Ameristar Casinos by Pinnacle Entertainment

Share:
Related PNK
Credit Suisse 2015 Outlook On Gaming, Lodging & Leisure
Deutsche Bank Raises Price Targets On 3 Casino Stocks
Regional casino stocks off and running (Seeking Alpha)

Pinnacle Entertainment (NYSE: PNK) announced today that the Mississippi Gaming Commission unanimously approved the Company's proposed acquisition of Ameristar Casinos. Completion of the transaction remains subject to the receipt of additional required regulatory approvals and customary closing conditions.

"We thank the Mississippi Gaming Commission for expeditiously approving our proposed acquisition of Ameristar Casinos, and look forward to welcoming the guests and team members of Ameristar Vicksburg to the Pinnacle Entertainment family in the near future. Ameristar Casino Hotel Vicksburg is a terrific addition to our portfolio and nicely complements our existing operations in the region," said Anthony Sanfilippo, Chief Executive Officer of Pinnacle Entertainment. "We continue to work diligently to obtain the Federal Trade Commission and remaining state gaming regulatory agency approvals necessary to complete the acquisition. We remain on track to close the transaction in the 2013 third quarter," Mr. Sanfilippo continued.

Posted-In: News Asset Sales M&A Press Releases

 

Related Articles (PNK)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content