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Pinnacle Announces Deal to Sell Lumiere Place Casino to Tropicana for $260M

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Pinnacle Entertainment (NYSE: PNK) announced today that it has entered into a definitive agreement for the sale of Lumiere Place Casino, HoteLumiere, the Four Seasons Hotel St. Louis, and related excess land parcels (collectively "Lumiere Place Casino and Hotels") to Tropicana Entertainment Inc. ("Tropicana"). Under the terms of the agreement, Tropicana will purchase Lumiere Place Casino and Hotels for cash consideration of approximately $260 million.

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