Business and Economics

Pinnacle’s Ameristar Casino Purchase Gets State OK

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June 28, 2013 — Nevada-based Pinnacle Entertainment says the Indiana Gaming Commission approved the Company’s proposed acquisition of Ameristar Casinos East Chicago.

It’s an all-cash deal valued at $26.50 per Ameristar share or total consideration of $2.8 billion including assumed debt.   Completion of the transaction must still pass other regulatory agencies’ approvals.

Pinnacle’s other casinos currently includes Belterra Casino Resort in Florence, Indiana, southwest of Cincinnati  and in the future, a new gaming entertainment center currently being developed at River Downs in Cincinnati.

 

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