Pinnacle Sells $176M Casino To Satisfy FTC On Ameristar Deal

Law360, New York (November 22, 2013, 2:36 PM EST) -- Pinnacle Entertainment Inc. is one step closer to meeting all the conditions the Federal Trade Commission placed on its $2.8 billion merger with rival Ameristar after closing a $176 million cash deal to sell off a Lake Charles, La., casino and resort development project, according to a Friday statement.

After scoring approvals from the FTC and the Louisiana Gaming Control Board, Pinnacle sold its equity interests in the Ameristar project to the Las Vegas-based Golden Nugget Hotels and Casinos. The deal, which was first inked in...
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