Pinnacle Entertainment (NYSE:PNK) announced today that the Indiana Gaming
Commission approved the Company's proposed acquisition of Ameristar Casinos.
Completion of the transaction remains subject to the receipt of additional
required regulatory approvals and customary closing conditions.
Anthony Sanfilippo, Chief Executive Officer of Pinnacle Entertainment,
commented, "We thank the Indiana Gaming Commission for approving our proposed
acquisition of Ameristar Casinos, and look forward to entering the Chicagoland
market with Ameristar Casino Hotel East Chicago. The property and its team
members have a reputation for providing a high level of service and top-quality
guest experience, and we are excited to welcome them to the Pinnacle
Entertainment family in the near future. The property will also augment our
presence in the broader region, which currently includes Belterra Casino Resort
in Florence, Indiana, and in the future, will include our new gaming
entertainment center currently being developed at River Downs in Cincinnati,
"We continue to make progress toward obtaining Federal Trade Commission and the
remaining state gaming regulatory agency approvals necessary to complete the
acquisition. We remain on track to close the transaction in the 2013 third
quarter," Mr. Sanfilippo concluded.
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