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US: FTC won’t take chances on gambling buyout

By  |  May 30, 2013

The Federal Trade Commission has reportedly challenged a buyout of Ameristar Casinos Inc. over concerns the acquisition will harm customers in two US states. Pinnacle Entertainment Inc.’s $2.8 billion purchase of the gambling company may lead to lower payouts for casino-goers in Missouri and Louisiana, according to the FTC, which announced its unanimous vote to send an official complaint as well as a restraining order against the merger’s closure. Further, the FTC noted on its website that the acquisition threatens to impose entry barriers to competing casinos in the geographical areas under review. Both Pinnacle and Ameristar are based in Las Vegas.

Full Content: Bloomberg

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