Monday Apr 21
Orange Capital pushes for Pinnacle REIT spinoff
The firm, in a letter dated April 16 attached to a Schedule 13D filed April 21, told the regional gaming company that it should strongly consider a REIT spinoff, similar to that of its peer of competitor Ameristar Casinos was a solid, value-add move, but it could go further to catch up with the combined valuation of Penn National and Gaming and ... (more)
Las Vegas Review Journal
Pinnacle Entertainment closes on sale of Lumiere Casino in St. Louis
The transaction, which included sale of casino, HoteLumiere, the Four Seasons Hotel St. Louis for $260 million, was one of two transactions mandated last year by the Federal Trade Commission for Pinnacle to complete its $2.8 billion buyout of Ameristar Casinos.
The merger man: Sanfilippo drew on experience in deal for Ameristar
Pinnacle Entertainment, Inc. CEO Anthony Sanfilippo drew upon his experience in corporate mergers in overseeing his company's $2.8 billion acquisition of rival Ameristar Casinos in 2013.
The Las Vegas Sun
Pinnacle credits Ameristar acquisition for boost in earnings
Las Vegas-based Pinnacle Entertainment, operators of 16 casino and racino properties in nine states, including two in northern Nevada, reported its fourth-quarter earnings Wednesday.