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US: Pinnacle scrambles to save casino buyout

By  |  May 31, 2013

In response to the Federal Trade Commission’s move to block Pinnacle Entertainment Inc.’s buyout of casino company Ameristar Casinos Inc., Pinnacle has reportedly entered settlement talks with the regulator. According to two anonymous sources, Pinnacle is looking to save its buyout of various casinos after the FTC specified its competition concerns that focused in Missouri and Louisiana; the move, said the FTC, would cut casino service providers in Missouri from three to four. Both companies are based in Las Vegas. No information concerning specifics of the alleged settlement has been reported.

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