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Pinnacle Entertainment

8/12/2017

article Las Vegas-based Pinnacle looking to expand holdings
(Las Vegas) -- Pinnacle Entertainment Inc., a Las Vegas-based company that operates casinos in 10 states including rural Nevada, is looking to expand its portfolio,...
article Pinnacle Entertainment (PNK) vs. Boyd Gaming Corporation (NYSE:BYD) Critical Contrast
(Wall Street) -- Pinnacle Entertainment (NASDAQ: PNK) and Boyd Gaming Corporation (NYSE:BYD) are both consumer discretionary companies, but which is the superior stock?
article Pinnacle Entertainment misses 2Q profit forecasts
(Wall Street) -- Pinnacle Entertainment Inc. (PNK) on Thursday reported second-quarter net income of $9.4 million, after reporting a loss in the same period a year...

2/22/2017

article Pinnacle exits Polish market prior to regulatory changes
(Poland) -- Online sports betting operator Pinnacle has announced its withdrawal from the Polish sports betting market ahead of the country’s induction of its new...

12/28/2016

article Pinnacle Claims Phenomenal Growth In Esports Betting For 2016 – Live Betting Up 400 Percent
(USA) -- Sports betting company Pinnacle has released a few figures from this year’s esports betting that shows that the company has seen another year of...

4/18/2016

article Louisiana gaming board approves Pinnacle deal that includes selling and leasing back four casinos in the state
(Louisiana) -- The Louisiana Gaming Control Board on Monday unanimously granted approval for Pinnacle Entertainment to sell and lease back its four casinos in the state...

2/12/2016

article Pinnacle expects REIT deal to close this spring
(Las Vegas) -- Regional gaming operator Pinnacle Entertainment said Thursday it hopes to finalize the $4.75 billion purchase of its casinos by a real estate investment...

11/28/2015

article Will Pinnacle Entertainment Incorporated (NYSE:PNK) beat previous EPS of 1.23?
(Wall Street) -- In its most recent quarter Pinnacle Entertainment Incorporated had actual sales of $ 578.63M. Among the 4 analysts who were surveyed, the consensus...

11/12/2015

article Indiana Casino Workers Challenge Pinnacle Entertainment Casino Sale
(Indiana) -- An Indiana-based branch of a casino workers union is opposing the proposed sale of gambling venues owned by Pinnacle Entertainment Inc. to Gaming &...

11/11/2015

article Pinnacle Casino Sale Challenged by Union at Hearing in Indiana
(Indiana) -- Pinnacle Entertainment Inc.’s proposed sale of its casinos to Gaming & Leisure Properties Inc. is being opposed by a union that will ask the...

10/11/2015

article Company Shares of Pinnacle Entertainment, Inc. (NYSE:PNK) Rally 1.49%
(Wall Street) -- Shares of Pinnacle Entertainment, Inc. (NYSE:PNK) appreciated by 1.49% during the past week but lost 2.95% on a 4-week basis.

8/2/2015

article STUTZ: Pinnacle merger could be casino industry model
(Las Vegas) -- The $4.75 billion merger of Pinnacle Entertainment and Gaming and Leisure Partners isn't your typical casino industry buyout. But the transaction...

7/30/2015

article Casino operator Pinnacle reverses quarterly net loss
(Las Vegas) -- Regional casino operator Pinnacle Entertainment reversed a net loss in the second quarter, crediting results from the Las Vegas-based company's...

7/26/2015

article Pinnacle to sell 15 casino properties to GLPI
(Las Vegas) -- On Tuesday it was announced that Real estate investment trust (REIT) Gaming and Leisure Properties Inc. (GLPI) will acquire real estate owned by Pinnacle...

7/25/2015

article Casino deal between Pinnacle and Gaming and Leisure latest to separate gambling, real estate
(Las Vegas) -- A deal involving Pinnacle Entertainment is the latest example of a casino company separating its gambling operations from its real estate to generate cash.

7/24/2015

article Casino deal is latest to separate gambling from real estate
(Las Vegas) -- A deal involving Pinnacle Entertainment is the latest example of a casino company separating its gambling operations from its real estate to generate cash.

7/23/2015

article Casino CEO: It's the Pinnacle moment to sell off properties
(Las Vegas) -- A deal involving Pinnacle Entertainment is the latest example of a casino company separating its gambling operations from its real estate to generate cash...

7/21/2015

article Ameristar owner Pinnacle reaches real estate deal with GLPI
(Mississippi) -- Gaming and Leisure Properties, Inc. and Pinnacle Entertainment, Inc., today jointly announced that they have entered into a definitive agreement under...

7/13/2015

article Gaming & Leisure Raises Bid for Pinnacle
(Las Vegas) -- Just a few months after Gaming & Leisure Properties Inc. had an offer to purchase Pinnacle Entertainment Inc.’s (PNK) casinos for $36 a share...

7/10/2015

article Pinnacle Entertainment Price Target Raised to $34.00 (PNK)
(Wall Street) -- Pinnacle Entertainment, Inc logoPinnacle Entertainment (NYSE:PNK) had its price target increased by Barclays from $29.00 to $34.00 in a research report...

7/7/2015

article Boosts Bid for Pinnacle Casinos by 32%
(New York) -- Gaming & Leisure Properties Inc., the gambling industry’s first real estate investment trust, raised its bid to buy Pinnacle Entertainment Inc....
article Gaming and Leisure Boosts Bid for Pinnacle’s Real Estate
(New York) -- Gaming and Leisure Properties Inc. said Tuesday that it has boosted its offer for Pinnacle Entertainment Inc. ’s real estate after its previous...
article New offer from GLPI for Pinnacle Entertainment: $5 billion
(New York) -- Real estate investment trust Gaming and Leisure Properties increased its three-month-old offer to acquire Pinnacle Entertainment’s land holdings by...

6/21/2015

article Pinnacle Entertainment Downgraded by Zacks to “Hold” (PNK)
(Wall Street) -- Pinnacle Entertainment, Inc logoZacks downgraded shares of Pinnacle Entertainment (NYSE:PNK) from a buy rating to a hold rating in a report issued on...

5/4/2015

article Pinnacle Confirms Talks to Sell Real Estate Assets to Gaming and Leisure Properties
(Wall Street) -- Pinnacle Entertainment Inc. confirmed Monday that it is in talks to sell its real-estate assets to Gaming and Leisure Properties Inc., after months of...

4/16/2015

article Suitor raises bid for Belterra's casinos
(Indiana) -- A union moved Thursday to have the owner of the Belterra Park Gaming & Entertainment racino in Anderson Township and Belterra Casino and Resort in...

4/14/2015

article Gaming and Leisure Properties Raises Bid for Pinnacle’s Real Estate
(Wall Street) -- Gaming and Leisure Properties Inc. raised its bid for Pinnacle Entertainment Inc. ’s real estate in an effort to coax the regional casino company...

3/27/2015

article Union Asks Missouri to Block REIT’s Bid for Pinnacle Casinos
(Missouri) -- A union representing casino workers asked Missouri regulators to oppose the proposed purchase of Pinnacle Entertainment Corp.’s casinos by real...

3/13/2015

article Hedge fund says bid for Pinnacle real estate too low
(Wall Street) -- The hedge fund that initially sought to move regional casino operator Pinnacle Entertainment into a real estate investment trust said it was encouraged...

3/11/2015

article Gaming and Leisure offers $4.1bn for Pinnacle’s US real estate
(USA) -- Gaming and Leisure Properties (GLPI), a real estate investment trust (REIT) that specialises in casino facilities, has made an unsolicited offer of $4.1 billion...
article Offer made to buy Pinnacle casino real estate
(New York) -- Casino operator Gaming and Leisure Properties said Monday that it offered to buy the real estate assets of rival Pinnacle Entertainment.

3/9/2015

article Gaming and Leisure Offers to Buy Pinnacle’s Real Estate
(Las Vegas) -- Gaming and Leisure Properties Inc. made an unsolicited $4.1 billion offer to buy Pinnacle Entertainment Inc.’s brick-and-mortar assets, starting a...
article GLPI offers $4.1 billion for Pinnacle Entertainment’s real estate
(Las Vegas) -- Gaming and Leisure Properties Inc. offered Monday to buy the gaming real estate owned by Las Vegas-based regional casino operator Pinnacle Entertainment...
article REIT offers to buy real estate of Pinnacle Entertainment
(Las Vegas) -- A real estate investment trust spun off from Penn National Gaming on Monday offered to buy the real estate owned by rival regional operator Pinnacle...
article Warm Wall Street welcome for possible casino deal
(New York) -- Shares in Gaming & Leisure Properties Inc. climbed $4.06, or 12.5 percent, after the Wyomissing, Pa., company announced a hostile, $4.1 billion offer...

1/10/2015

article Putting Money Down On Pinnacle Entertainment Doesn't Currently Look Like A Winning Bet
(Wall Street) -- Regional casino operator Pinnacle Entertainment has posted lower-than-expected profitability in FY2014, due in large part to weak overall customer...

12/1/2014

article Full House proxy fight ends, Lee named CEO
(Las Vegas) -- Veteran gaming executive Dan Lee was named CEO of regional casino operator Full House Resorts Monday, ending a two-month proxy fight for control of the...

11/6/2014

article Pinnacle Entertainment plans to split off casinos into a REIT
(Las Vegas) -- Pinnacle Entertainment announced plans Thursday to split off the regional casino company’s properties into a real estate investment trust, which...
article Pinnacle to Separate Propersties After Pressure Orange
(Las Vegas) -- Pinnacle Entertainment Inc. will separate its operating assets and real estate into two publicly traded companies, following pressure from activist...

7/24/2014

article Orange Capital calls for Pinnacle company split
(Las Vegas) -- A hedge fund that owns 4.5 percent of Pinnacle Entertainment reiterated its call that the regional casino operator split the company to include a real...
article Pinnacle increases quarterly revenues, reduces net loss
(Las Vegas) -- Pinnacle Entertainment more than doubled the company’s net revenues in the second quarter, thanks to its $2.8 billion acquisition of a rival...

4/21/2014

article N.Y. investment fund proposes trust for Pinnacle’s casino holdings
(New York) -- A New York-based investment fund, which owns 4.4 percent of Pinnacle Entertainment, wants the Las Vegas-based regional gaming operator to spin-off its...

4/11/2014

article Tropicana Buys St. Louis Hotels, Casino
(Missouri) -- Pinnacle Entertainment Inc., which owns and operates 14 casinos in seven states, has sold its three St. Louis properties — Lumiere Place Casino,...

12/11/2013

article Two Pinnacle casinos were mirror images in November
(Missouri) -- The River City and Lumière Place casinos were mirror images of each other in November. Gaming revenue at River City rose last month by 12.9 percent, to $18...

11/22/2013

article Pinnacle Entertainment closes sale of Louisiana project to Golden Nugget
(Louisiana) -- Pinnacle Entertainment closed the sale of Lake Charles, La., project Friday, a transaction that federal antitrust regulators had requested in order to...

9/30/2013

article Inside Gaming: Pinnacle CEO focuses on future
(Las Vegas) -- Pinnacle Entertainment CEO Anthony Sanfilippo drew as much attention during last week’s Global Gaming Expo as the Na’Vi warriors, zombies,...

8/19/2013

article Pinnacle Completes $2.8 Billion Ameristar Purchase
(Las Vegas) -- On August 14, one day after the Federal Trade Commission approved a consent package to avoid any antitrust violations, Pinnacle Entertainment completed...

8/17/2013

article Pinnacle Entertainment sells St. Louis-area casino to Carl Icahn-controlled entity
(Missouri) -- Pinnacle Entertainment sold one of the company’s three St. Louis-area casinos Friday to a gaming operator controlled by takeover artist Carl Icahn....

8/15/2013

article Pinnacle Entertainment completes $2.8 billion buyout of Ameristar Casinos
(Las Vegas) -- One down, two to go. Pinnacle Entertainment’s completion of its $2.8 billion buyout of regional casino rival Ameristar Casinos on Wednesday is the...

8/13/2013

article FTC Approves Plan To Clear Pinnacle's $2.8B Casino Buy
(California) -- Pinnacle Entertainment Inc. and Ameristar Casinos Inc. have agreed to sell casino properties in St. Louis and Lake Charles, La., to settle Federal Trade...

7/24/2013

article Missouri Gaming Commission approves Pinnacle's acquistion of Ameristar
(Missouri) -- The Missouri Gaming Commission has approved Pinnacle Entertainment's acquisition of Ameristar Casinos. The vote was 4-0, allowing Pinnacle to take over...
article Missouri regulators sign off on Pinnacle-Ameristar deal
(Missouri) -- Pinnacle Entertainment’s $2.8 billion buyout of Ameristar Casinos received the last state regulatory approval need to finalize the transaction...

7/18/2013

article Louisiana regulators OK Pinnacle's buyout of Ameristar
(Louisiana) -- Louisiana gaming regulators approved Pinnacle Entertainment’s $2.8 billion buyout of Ameristar Casinos Thursday, paving the way for the eventual...

7/15/2013

article Pinnacle plans to raise $800 million to complete Ameristar buyout
(Las Vegas) -- Pinnacle Entertainment announced plans Monday to raise up to $800 million in new debt to help the company complete its buyout of regional gaming rival...

6/27/2013

article Gaming commission approves E.C. casino aquisition
(Indiana) -- The Indiana Gaming Commission on Thursday approved Pinnacle Entertainment's acquisition of Ameristar Casino in East Chicago. The approval means Pinnacle...
article Indiana Gaming Commission OKs Pinnacle purchase of Ameristar
(Indiana) -- Pinnacle Entertainment announced Thursday that the Indiana Gaming Commission approved its proposed acquisition of Ameristar Casinos. The transaction remains...
article Indiana regulators sign off on Pinnacle-Ameristar deal
(Indiana) -- Indiana gaming regulators signed off on Pinnacle Entertainment’s $2.8 billion buyout of Ameristar Casinos on Thursday, putting the deal a step closer...

6/17/2013

article Pinnacle clears roadblock for Ameristar Casinos buyout
(New York) -- Pinnacle Entertainment Inc., the operator of seven casinos and a racetrack, said it reached a tentative agreement with the Federal Trade Commission to...
article Pinnacle deal for buyout of Ameristar calls for sale of two properties
(Las Vegas) -- Pinnacle Entertainment put its downtown St. Louis casino and a western Louisiana hotel-casino development on the market Monday to eliminate any federal...
article Pinnacle strikes deal with FTC for $2.8 billion Ameristar buyout
(New York) -- Pinnacle Entertainment announced Monday it will sell one of the company’s St. Louis casinos and a hotel-casino project in Lake Charles, La., in order...
article Pinnacle to sell Lumiere Place, Four Seasons St. Louis
(New York) -- Pinnacle Entertainment Inc. officials plan to sell its Lumiere Place Casino, Hotel Lumiere and the Four Seasons Hotel in St. Louis and its hotel...
article With Lumiere sale, Pinnacle bets on St. Charles, St. Louis counties
(Missouri) -- More than five years ago, Lumiere Place opened as the crown jewel of Pinnacle Entertainment's gambling operation in St. Louis.

6/9/2013

article Pinnacle, Ameristar merger may drag into next year
(Las Vegas) -- Federal antitrust regulators had few questions when a trifecta of casino industry mergers — just under $20 billion in combined value — created...

6/3/2013

article Pinnacle, FTC negotiating over deal to buy Ameristar, sources say
(Kansas) -- Pinnacle Entertainment is in talks with the U.S. Federal Trade Commission to settle the agency’s complaint seeking to block its purchase of Ameristar...

5/31/2013

article Pinnacle Said to Be in FTC Settlement Talks on Ameristar
(New York) -- Pinnacle Entertainment Inc. (PNK) is in talks with the U.S. Federal Trade Commission to settle the agency’s complaint seeking to block its proposed...

5/29/2013

article FTC moves to block Pinnacle-Ameristar casino deal
(New York) -- The Federal Trade Commission on Wednesday moved to block that Pinnacle Entertainment Inc.'s $869 million bid for competitor Ameristar Casinos Inc.,...
article FTC questions Pinnacle Entertainment's bid for Ameristar Casinos
(New York) -- Pinnacle Entertainment’s $2.8 billion buyout of Ameristar Casinos is in jeopardy after the Federal Trade Commission said the deal “would reduce...
article Pinnacle's acquisition of Ameristar casino in jeopardy
(Missouri) -- Pinnacle Entertainment’s $2.8 billion bid to buy Ameristar Casinos appears to be in jeopardy after the Federal Trade Commission announced that it...

5/16/2013

article Nevada Gaming Commission approves Pinnacle, Ameristar merger
(Nevada) -- Regional casino operator Pinnacle Entertainment Inc.’s $869 million merger with rival Ameristar Casinos was approved Thursday by the Nevada Gaming...

5/1/2013

article Pinnacle land sale encounters another delay
(Atlantic City) -- Attempts to sell oceanfront land where the old Sands Casino Hotel once stood have been delayed again, the Las Vegas-based owner said Wednesday in an...

4/22/2013

article Investor seeks Atlantic City land from Pinnacle
(Atlantic City) -- A New Jersey real estate investor has emerged as the would-be buyer for casino-zoned land that has languished on the market for three years despite...

4/16/2013

article Judge eases way for vote on Pinnacle's Ameristar buy
(Las Vegas) -- One legal challenge to the pending acquisition of Ameristar Casinos by Pinnacle Entertainment was rejected Tuesday.

4/12/2013

article Analyst lifts Pinnacle Entertainment rating
(New York) -- Pinnacle Entertainment's shares rose to their highest level in more than four years on Friday as a Deutsche Bank analyst lifted its rating and price...

3/9/2013

article Pinnacle selling casino land in Atlantic City
(Atlantic City) -- Pinnacle Entertainment is selling the land where it once planned to build a $2 billion casino in Atlantic City. In a filing with the U.S. Securities...

3/8/2013

article Pinnacle reaches 'definitive agreement' to sell Atlantic City property for $30.6 million
(Atlantic City) -- Pinnacle Entertainment Inc., after three years of trying, has finally reached agreement to sell prime, casino-zoned land along the Boardwalk for a...

3/7/2013

article Pinnacle reaches 'definitive agreement' to sell Atlantic City property for $30.6 million
(Atlantic City) -- After three years of trying, Pinnacle Entertainment Inc. has finally reached agreement to sell prime, casino-zoned land in the heart of the Boardwalk...
article Pinnacle Selling Casino Site in Atlantic City
(Atlantic City) -- Pinnacle Entertainment is selling the land where it once planned to build a $2 billion casino in Atlantic City. The Las Vegas casino company tells...
article Pinnacle To Sell Casino Land In Atlantic City At A Nearly $240 Million Loss: Report
(Atlantic City) -- Pinnacle Entertainment, which had once planned to build a massive new casino in Atlantic City, reportedly has agreed to sell the plot of land where...

2/13/2013

article Pinnacle Entertainment reports record revenue in 2012
(Wall Street) -- Las Vegas-based Pinnacle Entertainment reported record revenue in 2012 and will continue plans to close on its deal to acquire Ameristar Casinos this...
article Regional casino operator Pinnacle suffers fourth-quarter net loss
(Wall Street) -- Several one-time charges and costs associated with the opening of a hotel-casino in Baton Rouge, La., caused regional gaming operator Pinnacle...

2/6/2013

article Pinnacle executive says BR casino market bigger than thought
(Louisiana) -- The executive who oversees Pinnacle Entertainment’s four Louisiana casinos said Wednesday that the company built the L’Auberge Casino Hotel...

2/2/2013

article Lawsuit claims Pinnacle stopped payments
(Louisiana) -- A Texas company that built the frame for L'Auberge Baton Rouge has sued the casino's parent company and two executives for $1.9 million.

1/21/2013

article Selling Pinnacle's Atlantic City site likely to take longer
(Atlantic City) -- A Las Vegas-based company’s long-running attempts to sell a prime piece of casino-zoned land in the heart of the Boardwalk may drag on for a few...

1/8/2013

article Folding 'Em at the Shore
(Atlantic City) -- Pinnacle Entertainment Inc. is selling 19 acres along Atlantic City's famed boardwalk. The expected price wasn't disclosed, but people...

12/30/2012

article ASCA sale to PNK probed by law firm
(USA) -- A national law firm, Levy & Korsinsky LLP, believes the sale of Ameristar Casinos Inc. (ASCA) to Pinnacle Entertainment Inc. (PNK) for the equivalent of $26...

12/27/2012

article On Pinnacle, MGM, and the Bidding War for Ameristar
(Wall Street) -- Back in February, regional casino operator Ameristar Casinos and the since-renamed MGM Resorts International announced a strategic cross-marketing...

12/24/2012

article Pinnacle to buy Ameristar Casinos for $869 million
(Missouri) -- In a deal that will more than double its size, Pinnacle Entertainment will buy rival Ameristar Casinos for about $869 million, plus take on $1.9 billion of...

12/23/2012

article Buzz on Business: Bossier City casino owner to buy Ameristar
(Louisiana) -- The owner of Boomtown Casino and Hotel in Bossier City and three other Louisiana properties says it will buy rival Ameristar Casinos for about $869...
article Investors Applaud Pinnacle's Deal With Ameristar Casinos
(Wall Street) -- Shares of Pinnacle Entertainment (PNK) rose 21.3% in Friday's trading session. The operator of casinos, hospitality and entertainment facilities...
article Taking A Gamble On Pinnacle Entertainment
(Wall Street) -- While most of the market's attention is normally on the four largest Las Vegas-based casinos Wynn (WYNN), Las Vegas Sands (LVS), MGM Resorts (MGM),...

12/22/2012

article Ameristar purchase would double Pinnacle's size
(Missouri) -- Within the U.S. gambling industry, Pinnacle Entertainment Inc. has been considered a regional player, with only seven casinos and a racetrack.
article Owner of Council Bluffs casino sells for $2.8 billion
(Iowa) -- Pinnacle Entertainment Inc. of Las Vegas announced Friday that it is buying Ameristar Casinos, which operates eight casino complexes, including the Ameristar...
article Ameristar Black Hawk parent company is bought
(Colorado) -- Colorado’s largest casino is getting a new owner. Pinnacle Entertainment Inc. (NYSE: PNK) announced Friday that it’s agreed to buy Ameristar...
article Ameristar Casino dealt to new owner in $869 million deal
(Las Vegas) -- East Chicago's Ameristar Casino will be getting a new owner, with Pinnacle Entertainment announcing Friday it will buy buy rival Ameristar Casinos for...
article Pinnacle to buy Ameristar
(Wall Street) -- The operator of 7 casinos in Louisiana, Missouri and Indiana said it will pay $869 mil for Ameristar Casinos (ASCA), a merger that will give the...
article Pinnacle to Buy Cactus Petes' Owner for $869m
(Las Vegas) -- In a deal that would more than double its size, Pinnacle Entertainment said Friday that it will buy rival Ameristar Casinos for about $869 million, plus...
article Why Ameristar Casinos Shares Jumped
(Wall Street) -- What: Shares of Ameristar Casinos surged 20% today after fellow casino operator Pinnacle Entertainment agreed to buy it for about $870 million.

12/21/2012

article Ameristar Casino dealt to new owner in $869 million deal
(Las Vegas) -- East Chicago's Ameristar Casino will be getting a new owner, with Pinnacle Entertainment announcing Friday it will buy buy rival Ameristar Casinos for...
article Ameristar Casino in Council Bluffs is sold to Pinnacle Entertainment of Las Vegas
(Iowa) -- Pinnacle Entertainment Inc. of Las Vegas announced Friday that it is buying Ameristar Casinos, which operates eight casino complexes, including the Ameristar...
article Las Vegas-based Pinnacle Entertainment to acquire rival Ameristar Casinos for $869 million
(Las Vegas) -- Regional casino operator Pinnacle Entertainment announced Friday it agreed to acquire rival Ameristar Casinos for $869 million in a merger between two Las...
article Pinnacle to Buy Ameristar for $900 Million to Add 8 Casinos
(Las Vegas) -- Pinnacle Entertainment Inc. agreed to buy Ameristar Casinos Inc. for about $900 million, more than doubling to 17 casino resorts with its biggest...
article Pinnacle to dominate St. Louis after Ameristar purchase
(Missouri) -- Pinnacle Entertainment's $2.8 billion deal announced today to buy Ameristar Casinos would make Pinnacle the dominant gaming company in St. Louis and...

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